Protect Yourself from Social Security Scams
Things to Know About Guardianship in Maryland
Contributed by: Procino-Wells & Woodland, LLC
When an adult lacks the ability to make legal, financial and/or healthcare decisions for themselves, a family member or friend may seek to be appointed as guardian of their property, their person or both. Guardianship in Maryland requires court approval and oversight. Therefore, knowing what to expect and who to turn to can be critical to those exploring guardianship as a solution.
Less Restrictive Means
Guardianship significantly limits an individual’s rights. Therefore, courts take petitions to appoint a guardian seriously, and require that strict requirements be satisfied. If a person has capacity, they can...
What is a Miller Trust?
A Miller Trust is an Irrevocable Income Trust that is required when an individual is applying for Delaware’s Long Term Care Medicaid program and the applicant receives more monthly income than the State of Delaware allows. Income is defined as Social Security, pension, rental and annuity payments
The State of Delaware is known as an “income cap state”. This means if an applicant’s monthly gross income exceeds $1,957.50 (2020), the applicant is not eligible for Medicaid without additional planning. The resolution for the applicant’s income eligibility is to create and fund an Irrevocable Qualified Income Trust, also known as a...
Top Five Reasons to Update Your Estate Plan upon Moving to Delaware
Reason No. 1: Revocable Living Trusts
Many people have estate planning goals that cannot be accomplished through a Will alone.
In Delaware, proper use of a Revocable Living Trust provides many benefits: • Overall, it avoids the time, paperwork, and expense of probate. • It eliminates many filing fees and the closing cost fee, which is 1.25% in Sussex County and 1.75% in Kent and New Castle Counties. • It provides increased privacy because its terms are never made public and no newspaper advertisement is required. • It eliminates delays in final distributions to the named beneficiaries.
The maker of...
2020 Is Year of the Nurse
Contributed by Nurse Next Door Written By: by Amy Clark, BSN, RN, Certified Dementia Practitioner Director of Nursing
2020 has been designated the Year of the Nurse and Midwife by the World Health Organization (WHO). This year was chosen to honor the 200th birthday of Florence Nightingale. For the 17th year in a row, nursing has been chosen as the most trustworthy profession!! According to the WHO, the world needs nine million nurses by the year 2030. Their hope is that by highlighting nurses this year, awareness will be raised and more programs can be put in place to recruit...