Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised of everything you own— your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter how large or how modest, everyone has an estate and something in common—you can’t take it with you when you die.
A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die. Most living trusts are “revocable” because you can change them as your circumstances or wishes change.Revocable living trusts are “living” because you make them during your lifetime.
A good retirement plan starts with a strong foundation of Guaranteed Income, Medicare or Health Insurance from employer plans or State and Federal Insurance and Includes a Revocable Living Trust with Advanced Directives and a Living Will.
Our goal for our clients is that they can NEVER OUTLIVE their retirement income. You have saved your whole life so you would have money for retirement. It's our job to guarantee that your money will last as long as you do, while planning for your spouse's succession if something happens to you.
In the United States, Medicare is a national health insurance program, now administered by the Centers for Medicaid and Medicare Services of the U.S. federal government but begun in 1966 under the Social Security Administration. United States Medicare is funded by a combination of a payroll tax, premiums and surtaxes from beneficiaries, and general revenue. It provides health insurance for Americans aged 65 and older who have worked and paid into the system through the payroll tax. It also provides health insurance to younger people with some disability status as determined by the Social Security Administration, as well as people with end stage renal disease and amyotrophic lateral sclerosis.
Medicaid in the United States is a joint federal and state program that helps with medical costs for some people with limited income and resources. Medicaid also offers benefits not normally covered by Medicare, like nursing home care and personal care services.
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance(OASDI) program and is administered by the Social Security Administration. The original Social Security Act was signed into law by President Franklin Roosevelt in 1935,