Posts

Showing posts with the label trust for medicaid

Dividing a Medical Practice During Divorce

Image
If you are in the process of a divorce, or considering divorce, one of the largest issues you will face with your spouse is the equitable distribution of your assets. If one of you owns any type of medical practice, the division of this asset can prove legally challenging. If you or your spouse owns a doctor’s office, dentist’s office, chiropractor’s office or any other kind of medical office, you should take time to seriously consider the options regarding what is likely to be the largest asset within your divorce .                                                                                Medical Practice Valuation First, the medical practice is likely one spouse’s livelihood. There are even cases in which the medical practice is owned and operated by both spouses. In e...

What Does the Guardian of an Aging Adult do?

Image
When an aging adult is no longer capable of making important decisions for him or herself, they will often rely on someone else to make those decisions for them. The person who makes those decisions is known as the guardian of the aging adult. The guardian has the responsibility of acting in the best interest of the aging adult by making appropriate decisions that will benefit that  individual. It is necessary for the right person to be selected to take on the role of the guardian in situations where an elderly adult needs the extra assistance.                                                                               Handling the Finances The guardian is responsible for handling the finances of the aging adult. Handling the finances means paying attention to bank accounts for a...