Getting Into Trouble Helping Others
One way this happens is when a person has been named to act as a person’s agent under power of attorney (some would say to act as a persons power of attorney), and performs in that role in good faith…
Arbitration Required for Claims of Injury by a Nursing Home or Assisted Living Facility Resident?
As you may know, businesses and large companies often try to avoid exposure to the courts, by including in their lengthy agreements with customers an often unread provision that requires a customer to go through arbitration instead of the courts,…
The Ins and Outs of Estate Sales
Following the death of a family member, you may find yourself needing to sort through many possessions accumulated over the deceased’s lifetime. An estate sale is one way to distribute those items that you do not want or need quickly…
Leaving Your Estate Unequally to Your Children
Parents usually want to leave their children equal shares of their estate, but equal isn’t always fair. If you plan to provide more (or less) for one child in your estate plan, preparation is important. It is natural for parents…
How to Give Gifts to your Grandchildren
Gifting assets to your grandchildren can do more than help your descendants get a good start in life -- it can also reduce the size of your estate and the tax that will be due upon your death. Perhaps the simplest…
Make Sure Your Estate Plan and Other Essential Documents are Safe from Disasters
It's an unfortunate reality that with the increasing number of natural disasters across the country, including fires, floods, and hurricanes, the chance that you could lose your house and possessions has become more likely. You may already live in an…
IRS REMINDS RETIREES TO TAKE MINIMUM REQUIRED DISTRIBUTIONS BY DEC. 31
IR 2021-245 (12/8/2021) The IRS has reminded retirees that required minimum distributions from retirement plans and IRAs should be taken by Dec. 31. Required minimum distributions. Generally, required minimum distributions (RMDs) are minimum amounts that must be withdrawn annually from…
Estate Planning to Enhance Medicaid Eligibility
Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations. Long-term care can be very…
Is it All Right to Plan to Become Eligible for Medicaid?
From time to time we will help a client plan their affairs in a way to reduce the risk that their assets will all need to be spent on long term care before they become eligible for Medicaid to help…
Don’t Let the Perfect, be the Enemy of the Good
There are many unknowns when planning an estate, but you can’t let the uncertainties get in the way of creating any kind of plan. Having an imperfect plan is usually better than having no plan at all. When planning an…