Rhodes Law Blog
What Is Medicaid Planning?
What does it mean to plan for Medicaid? Simply put, Medicaid Planning is making the most of your resources for your long-term care. Most people have income and assets they could use for their care. Many people can also qualify for government assistance, Medicaid,...
Fiduciaries and Their Roles in Your Estate Plan
Significant trust and power is placed in the hands of a fiduciary. It is important to choose them carefully. A fiduciary is any person or institution that has the power to act on behalf of another in situations that require the utmost trust, honesty, and loyalty....
Succession Planning for Your Business
What is Succession Planning? You may wonder what is meant by the term “succession planning.” It is the entire process of transitioning your business operation to a new owner, new management team or the next generation of your family. Much more than a mere financial...
Medicaid & Long-Term Care Planning
Will you need long-term care? Studies show that approximately 70% of people reaching age 65 will need some type of long-term care. The average duration of long-term care (including in-home care and institutional custodial care) is 2.2 years if you are male and 3.7...