Updating Your Will With An Institutionalized Spouse
Buffalo estate planning lawyer Robert Friedman discusses how to update your will if you have an institutionalized spouse to best protect your assets in this educational video.
If one’s husband or wife is in a nursing home and receiving Medicaid, consulting with an attorney about updating one’s will can offer protection later on. Disinheriting a spouse in a nursing home can prevent assets from being paid to the nursing home in the event that one dies before the spouse.
The goal of estate planning is to ensure that your assets are transferred to your loved-ones with the least amount of legal fees, taxes, and court costs as possible. Our Buffalo Estate Planning Attorneys know how to make this happen. If you or a loved one needs to start planning their estate, contact our experienced Attorney today.
Related Medicaid Videos
- Long-Term Care Insurance
- Nursing Home Costs
- Nursing Home Care Requirements
- Emergency Medicaid Planning
- Medicaid Look Back Period
- Prepaid Funeral Arrangements
- Qualifying for Medicaid with a 401K or IRA
- Spending Down Assets
- Medicaid Gifting Eligibility
- Gifts to Disabled Children
- Preserving Assets with a Healthcare Proxy/Living Will