Should I Use A Will Or A Trust?

                                                                                            Will or Trust?  The issue has been raised as to whether a will or a living trust would be most appropriate in a particular situation. The following is a general explanation which outlines the advantages and applicability for both.     © 2011 Rajiv Nagaich Wills and Trusts both accomplish the same goals, but differently.…

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Federal Budget 101

The U.S. Congress sets a federal budget every year in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective: U.S. Income: $2,170,000,000,000 Federal budget: $3,820,000,000,000 New debt: $ 1,650,000,000,000 National debt: $14,271,000,000,000 Recent…

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Medicare Cuts On The Table, or Off?

Lawmakers are eying possible changes in Medicare supplemental plans – moves that could increase seniors’ out-of-pocket costs. Traditional Medicare, the federal health program for the elderly and disabled, requires beneficiaries to pay hospital deductibles and a portion of the cost of tests and doctor visits. To protect themselves from those out-of-pocket costs, about 17 percent…

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Boomers Worry Over Health Costs Founded

According to the Associated Press-LifeGoesStrong.com poll, 43 percent of boomers polled said they were “very” or “extremely” worried about being able to pay for their medical costs, including long-term care. Almost the same number, 41 percent, said losing their financial independence was a big concern. One significant cost facing new retirees is health care. A…

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The Debt Ceiling Deal At-A-Glance

Here is an analysis of the bill that became law this past Tuesday is by two of the top Elderlaw Attorneys in the country, Brian Lindberg and Fay Gordon, who conduct research on behalf of the National Association of Elderlaw Attorneys (NAELA): The Basics: A two installment agreement with a down payment, congressional committee and a sequester:…

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