QMC

Beneficiary designations in Estate Planning

The Importance of Beneficiary Designations in Estate PlanningDesignating a beneficiary means naming a person or entity to receive your assets upon your death. This simple but crucial step plays a major role in your estate plan. Common examples of assets that pass via beneficiary designation include life insurance policies and retirement accounts such as IRAs […]

Uniform Gift to Minors Accounts

A custodial account is an account for the benefit of a minor child and managed by a parent or another designated custodian. The custodial account is established under Sections 404.005 to 404.094 Revised Statutes of Missouri, the Missouri Transfers to Minors Law. The custodian normally controls the account until the child attains the age of […]

Addressing End of Life Issues

Planning Ahead: Why It’s Time to Talk About Your Health Care WishesThe COVID-19 pandemic prompted many of us to think more seriously about what might happen if we were to become seriously ill and unable to speak for ourselves. If you don’t have a will—or if you’ve never discussed what kind of care you’d want […]

Does an inheritance affect Medicaid eligibility?

Oftentimes, a Medicaid recipient who otherwise has achieved Medicaid eligibility may receive assets that can affect their ability to receive Medicaid benefits. If the Medicaid recipient (or a Medicaid applicant) is in a nursing home and has property which was willed to him or to his spouse by a family member, loved one or other […]

How to Check the status of your Medicaid Application

Medicaid is a federally-funded health insurance program for low-income citizens with disabilities that is administered by each state. The income requirements and types of coverage you get depend on state laws, but there are federal minimums that every state has to meet to achieve enrollment and Medicaid eligibility. Each year, low-income families apply for Medicaid […]

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