When it comes to estate planning in Delaware, one decision is whether to go solo or involve your spouse. Both options have their merits and drawbacks. Understanding them can help you make an informed choice. Individual needs Delaware has a rate of about 13.6 marriages...
Month: May 2014
What expenses does a Miller trust cover?
You should not have to worry that your income level will push you past the eligibility requirements to receive Medicaid benefits when you need them. Delaware law allows for the establishment of a Miller trust to help you qualify for Medicaid long-term care services. A...
3 things to include in your special needs trust
If you have a child with special needs, you likely worry about providing care and meeting their needs after you are gone. Establishing a special needs trust is one way to provide financial resources for their care without costing them their government benefit awards....
Signs of home inspection scams
Whether you want to move to a quieter neighborhood or want to downsize, you might look at getting a new, smaller home in a Delaware neighborhood. If you have experience with purchasing a residence, you know to obtain an inspection of the home before you commit to it....
Why is title insurance important?
Buying a home is a big deal for many people. One important aspect of the home-buying process is title insurance. If you are looking for a new home, it is beneficial to understand why title insurance matters since it acts as a safety net for several reasons. Making...
Do you need a new estate plan when you move to Delaware?
Relocating to a new state often brings about a flurry of changes, from adjusting to local customs to understanding the new tax laws. Among these considerations, evaluating your estate plan is important to properly document your wishes and make them legally binding. If...
What is Delaware’s “decanting” statute for trusts?
When it comes to managing trusts, Delaware stands out with its innovative approach. One of the key features that make Delaware an attractive destination for trust management is its "decanting" statute. For trust holders looking to maximize value, it is important to...
What care services does Medicare cover?
Many people plan their finances so they can receive Medicaid because they can obtain coverage for long-term care under the program. You may wonder if the similarly-named Medicare program is an alternative option for care coverage. However, Medicaid and Medicare are...
What to look for in a guardian for your underage kids
Ensuring the well-being of your underage children is an important responsibility, and selecting a suitable guardian is part of this task. When contemplating potential guardians for your kids, you should consider several factors. Stability and reliability Did you know...
How to make your home attractive to buyers
Selling your home involves more than just putting a "For Sale" sign in the front yard. Making it attractive to potential buyers can significantly affect how fast it sells and the money it fetches. Thankfully, many painless, effective strategies will generate interest....