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Archive for the ‘Asset Protection’ Category

Win a copy of “Tax – Free Money for Long-Term Care” book

You could win a copy of “Tax – Free Money for Long-Term Care” book simply by attending our next FREE seminar presented by David Wingate – Elder Law & Estate Planning Attorney, with over 20 years’ experience helping folks discover the best means possible to pay for nursing home and assisted living care! This consumer’s real life, hands-on guide will show you how you can: Create tax-free money for long-term care, using your IRA for long-term care, explain Medicaid eligibility, and how to legally protect your assets. For a complete list of upcoming seminars, visit our website at www.davidwingate.com. Peace…

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PROTECTING YOUR DIGITAL ASSETS AND WHY IT MATTERS!

If you are like me, access to technology makes each day easier, more efficient and a lot more interesting than I could have imagined. And yes, I will admit there is a bit of dependency. I do depend on my computer and my smart phone… to keep up with news as soon as it happens; to Google the answers to all my questions; to shop, pay bills and bank online; to stay connected with family and with old and new friends, no matter where our travels take us. When I am able to see pictures of adventure and life posted…

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What Is Estate Planning, & Why Is It Important?

You’ve heard the term “estate planning” thrown around by family, friends, and news reports, but you don’t quite know what it all means and why it’s so important. Is estate planning just making sure you have a will written out or are there other aspects to the process? And, if you’re still young, do you need to worry about estate planning yet?   What Is Estate Planning? Estate planning is making plans about who will receive your personal items – cars, house, financial assets – in the event of your death. Additionally, designating who will care for your children, finding…

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What Can an Elder Law Attorney Do For Me?

Elder law attorneys serve as advocates for elderly or disabled clients and their families, providing counsel on a wide range of topics including health care, guardianship, and estate planning. Though it may seem that elder law attorneys are meant to handle extreme or unusual cases, everyone can benefit from the services of an elder law attorney. Here are four things an elder law attorney can do for you: Estate Planning Making sure your affairs are in order is essential, and having an experienced elder law attorney to guide you through the process makes everything easier. Because there are strict guidelines…

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A New Book – TAX FREE MONEY FOR LONG TERM CARE by David Wingate

David Wingate focuses his legal practice on finding asset protection and estate planning solutions to assist with the rising cost of long term care, in a nursing home, assisted living or at home. For more information please contact David at 301 663 9230.

AN IMPORTANT MESSAGE FOR CLIENTS OF DAVID WINGATE

For years, my law firm and I have been providing you and our other clients with caring and compassionate legal services designed to ensure you that your wishes are carried out when you pass away. I am proud of the number of families we’ve been able to assist in the Frederick/Rockville area. Over the years, as my practice has matured, and as I have grown older (sigh!), I have begun to understand that my clients have another set of needs that are important to address. In our prior planning, we addressed the question, “What happens when I die?” You have…

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Spending Down Assets to Qualify for Medicaid

In order to be eligible for Maryland Medical Assistance (Medicaid), applicants must have no more than $2,500 in “countable” assets (the dollar figure may be slightly more, depending on the state). Applicants for Medicaid and their spouses may protect savings by spending them on non-countable assets. The following are examples of such expenditures:     prepaying funeral expenses     paying off a mortgage     making repairs to a home     replacing an old automobile     updating home furnishings     paying for more care at home     buying a new home In the case of married couples, it is often important that…

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What Happens To My Debts If I Die

When you die, your debts do not expire with you. Most debt still needs to be paid off, if possible, although who is responsible for paying the debt depends on the type of debt, and some assets are protected from being used to satisfy a debt. Outstanding debt may include mortgages, credit card bills, car loans, personal loans, or condominium fees — even car leases, where death is considered “early termination” of a contract. Usually your estate is responsible for paying any debts you leave behind. If the estate does not have enough money, the debts will go unpaid. In…

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UPCOMING MEDICAID / ASSET PROTECTION WORKSHOP – MARCH 16 AT 9.30 AM

How to Get Medicaid Coverage For Your Nursing Home Care … Without Selling Your Home or Leaving Your Family Without a Dime. One of the biggest fears that many people have today is the fear of having their life savings wiped out if they end up in a nursing home. What a shame to see someone’s life savings wiped out in a few months. Whether you or a family member is in a crisis or not, it is important that you understand what you can do to protect your hard earned assets! Most of the public does not realize that…

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Protecting Your Assets from the Nursing Home (Contd.)

Do not think that just because you have a financial power of attorney drafted by a lawyer, that your financial agent has the authority to protect your assets and make these transfers. Your financial power of attorney must have been given the specific authority to make these transfers. The specific authority given to your financial agent in a financial power of attorney must comply with the recent changes in the financial power of attorney statute, which confirmed existing court case law. In order to make transfers to your loved ones and protect your assets, your financial power of attorney must…

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