“Once you have real adult responsibilities (spouse, children, property, investments, life insurance) and wishes for a future that you may not be a part of, you should start a trust. A trust can stipulate exactly how much and when money and assets can be distributed,” says John Mihaly, author of the article “Estate Planning? Consider […]
Becoming a caregiver to your aging parents or family members can be a lot more than just ensuring they have their legal and financial matters in order. A paramount part of dealing with this life change is ensuring, before it becomes too late, that there is an Estate Plan in place. Estate Plans can be […]
As an Elder Law and Estate Planning firm, we make it a priority to keep ourselves apprised of the latest news on Elder Abuse in our country. In order to best protect the elderly, we find it best to make sure our clients and their families are aware of the most current statistics and reports. […]
It’s imperative to create an Estate Plan before it’s too late. This is the only way to ensure that the state you live in honors your wishes upon your demise. Otherwise, your wishes are unknown to the state, and they will instead follow state laws that dictate how your assets are to be distributed. There […]
After the death of a close family member, the proceedings can go one of many ways. If there is a will, an Estate Administration will be done. If there isn’t one, the case goes to Probate Court. However, even if there is a will, when a child is disinherited, a will contest can happen, and […]
Elder abuse is rampant in this country. That is a fact. According to the National Council on Aging, “Approximately 1 in 10 Americans aged 60+ have experienced some form of elder abuse. Some estimates range as high as 5 million elders who are abused each year. One study estimated that only 1 in 14 cases […]
Sometimes, it’s easiest to talk about something difficult when it’s all laid out in front of you in steps. Kiplinger decided to tackle talking about creating an Estate Plan in this manner, in their below-linked article “8 Smart Estate Planning Steps to Die the Right Way.” Kiplinger’s top suggestions are: 1. Write a will (put […]
Starting the conversation about Estate Planning with your family members can be an uncomfortable situation, as addressed by the below linked article from Fidelity.com. It is difficult, admittedly, to talk about what will happen to your assets after you pass, especially with the ones that love you the most. However, this discomfort is nothing compared to the […]
As livingtrustnetwork.com expertly describes in the below-linked article, entitled “A Consumer’s Guide to Medicaid Planning,” life expectancy for Americans has dramatically increased in the last century. As such, we as a society had to make changes and provide ways for our citizens to be equipped to handle long term healthcare for the elderly. Thus, in the 1960’s, […]
Long Term Health Care is a common issue for non-working Americans. Medicaid is a government program created in the 1960s to help alleviate the problem, but eligibility comes with a lot of requirements. One of the most demanding, and often unrealistic, requirements is keeping your assets under $15,450. Immediately, you can no longer own a […]