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Do I Need to Name an Alternate Agent, Trustee and/or Executor?

Do I Need to Name an Alternate Agent, Trustee and/or Executor? image

A basic estate plan usually includes a Last Will and Testament, a Durable Power of Attorney and an Advanced Healthcare Directive. Often at the initial consultation, we review a client’s previous estate plan and many times find that they have named only one person as agent and/or executor. This could potentially cause challenges - what if that person becomes incapacitated or passes away before you? What if your agent goes on a long trip and during that time you have a significant health emergency and need that person to act on your behalf? Also, we often find that two people...

Palliative Care and Hospice: What's the Difference?

Palliative Care and Hospice: What's the Difference? image

Contributed by Tiffany Rubin, Chief Happiness Officer, Nurse Next Door Delaware, https://www.nursenextdoor.com/blog/welcome-to-nurse-next-door-delaware/

Palliative Care and Hospice often get confused with each other, and they also often come with negative connotations. We break down what you need to know, and help you figure out how to use each service to the fullest.

4 Main Differences at a Glance Prognosis: Palliative care does not have a particular prognosis. Hospice requires a prognosis of less than 6 months to live.

Qualifying for Care: Palliative care requires a serious illness, acute or chronic, as determined by your physician.

Goal of care: Palliative care focuses...

Is There a Difference between Medicare and Long Term Care Medicaid?

Is There a Difference between Medicare and Long Term Care Medicaid? image

For many people there is a general misunderstanding regarding the two programs: Medicare and Medicaid.

Medicare is a nationwide, age based, governmental health insurance program funded by the Social Security Administration. Most of us, as taxpayers, will contribute to this fund while we are working. There is also a monthly premium that is paid for the level of insurance you choose to enroll in. You become eligible for the benefit when you turn 65, so it is an age based program. Some people with certain disabilities may be eligible for the health insurance before they turn 65.

There are different...

Estate Planning: For the Young and Old, Famous or Not

Estate Planning: For the Young and Old, Famous or Not image

Many of you are probably familiar with the actor Luke Perry. Maybe you know him from his days playing Dylan on the popular 1990’s TV drama 90210 or possibly from his more recent role as Frank Andrews on the hit show Riverdale. On May 4th, Perry unexpectedly passed away at the age of 52 due to complications from a stroke he suffered a week prior. In departing this life far too early, Perry shows us all why estate planning is important at any stage of life.

From what details have been gathered regarding Perry’s Estate Planning, it appears that his...

Why Guardianship?

Why Guardianship? image

What is a Guardian? A Guardian is a Court appointed person authorized to make legal, medical and financial decisions for a disabled person.

Why would I need to pursue a Guardianship? Guardianship is necessary when an individual becomes incapacitated and there is not a legal Medical and/or Durable Power of Attorney in place that would allow someone to act and make decisions on an individual’s behalf and in their best interest. Typically, a relative or friend to the disabled person Petitions the Court of Chancery in Delaware, or the Circuit Court in Maryland, and requests permission to serve as the...