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3 FAQs on eminent domain and just compensation

“Eminent domain” is one of those terms you hear in your high school government class and hope you never hear again.

Getting notice that the government is going to take all or part of your property can be confusing and intimidating. It comes with a whole set of terms that seem designed to trick you.

When should you consider a power of attorney?

There can be a lot to take into consideration when you are creating an estate plan. There are lots of moving parts. One thing that can be overlooked is considering appointing a power of attorney.

In Texas, the most common type of a power of attorney is called a durable power of attorney.

Choosing Retirement Account Beneficiaries Requires Some Thought

16616-Retirement plan net egg broken.jpgWhile the execution of wills requires formalities like witnesses and a notary, the reality is that a substantial amount of property passes to beneficiaries through other, less formal means.

Proving That a Transfer Was Not Made in Order to Qualify for Medicaid

16600-Giving money.jpgMedicaid law imposes a penalty period if you transferred assets within five years of applying, but what if the transfers had nothing to do with Medicaid? It is difficult to do, but if you can prove you made the transfers for a purpose other than to qualify for Medicaid, you can avoid a penalty.

Is it time to remove a trustee?

The main purpose of a trust is to provide resources for loved ones. This can be done during life and after death, though it’s mostly associated with after death. A trust is an entity where a person manages their resources and shares them with next of kin, family and friends. There are all kinds of trusts, and many share real estate or family heirlooms, while others provide income to loved ones who need the assistance.

A trustee is the person in charge of the trust. You might create a trust as part of an estate plan, but it’s up to somebody else to carry out your wishes. A trustee might be an adult child, a spouse, an attorney, a banker or anybody else you choose.

Be on the Lookout for New Medicare Cards (and New Card-Related Scams)

16604-New-Medicare-Card-Banner-Image.pngThe federal government is issuing new Medicare cards to all Medicare beneficiaries. To prevent fraud and fight identity theft, the new cards will no longer have beneficiaries' Social Security numbers on them.

Report Finds Lack of Government Oversight of Assisted Living Facilities

16552-Rules and Regulations.jpgThe government is spending billions to fund assisted living services through Medicaid, but government oversight and regulation of assisted living facilities is lacking, according to a new government report.

Turning 65? What You Need to Know about Signing up for Medicare

335437f123.jpgThe first of the 78 million baby boomers turned 65 on January 1, 2011, and some 10,000 boomers a day will reportedly be turning 65 between now and 2030. If you are about to turn 65, then it is time to think about Medicare. You become eligible for Medicare as soon as you turn 65, and delaying your enrollment can result in penalties, so it is important to act right away.

Common construction defects in homes

It was meant to be your dream home. You and your family planned well, bought some land and hired a builder. During lunch or after work, you’d drive to the site of your new home and watch the construction workers building it, occasionally accompanied by your children.

A whirlwind of activity took place from start to finish, and, finally, your home is ready to be occupied. However, after only a few weeks of living there, you notice some suspicious things: the dreaded construction defects. Oh, no!

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