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Preserving business value is vital when a possible sale of the business is in the future. And it is easy to cause a loss of value when an end game is anticipated. At the Elder and Estate Planning Law Firm of St. Louis, we have helped clients successfully work through these issues with specifically designed […]
One automobile will be considered exempt for Medicaid purposes, as will any and all normal household items used in the home by the applicant prior to entry to care. Personal property or assets is defined as household goods, jewelry, farm surpluses, livestock, farm or business machinery or equipment, automobiles and trucks, and similar items. The […]
Understanding the Financial Power of Attorney: A Key Component of Estate PlanningCreating a solid estate plan is one of the most meaningful steps you can take to protect your family’s future. While it may not be the most cheerful topic to start your day, preparing for unexpected events—such as illness or incapacity—is a responsible and […]
Understanding the Financial Power of Attorney: A Key Component of Estate PlanningCreating a solid estate plan is one of the most meaningful steps you can take to protect your family’s future. While it may not be the most cheerful topic to start your day, preparing for unexpected events—such as illness or incapacity—is a responsible and […]
Any receipt of resources received by a Medicaid recipient will be considered countable resources; resources received by a Community Spouse of a Medicaid recipient will not be countable resources for the Medicaid recipient. In cases where the couple’s total non-exempt assets are less than the minimum spousal share, the institutionalized spouse receives an additional 90-day […]
Protecting Your Legacy: Why and How to Transfer Business Ownership to a TrustBusiness owners invest countless hours, resources, and energy into building their companies. For many, the ultimate goal is to pass that legacy on to the next generation. If that’s your intention, one of the most strategic steps you can take is transferring ownership […]