Author Archives: Site Administrator
What are the Alzheimer’s Signs?
Considerable’s recent article entitled “These are the 10 Alzheimer’s signs to watch out for, provides a list of symptoms but cautions that it’s important to note that every one of these 10 symptoms can be applied to other problems. The Alzheimer’s Association explains that there are 10 warning signs and symptoms of Alzheimer’s disease… Read More »
Handing Kids Keys to Your Home Is Never Good Estate Planning
Transferring ownership of the family home to an adult child may seem like a simple approach for avoiding having the house go through probate, or even qualifying easily for Medicaid. However, this seemingly simple solution comes with many problems, including taxes and the potential for years of delay for qualifying for Medicaid. That’s the… Read More »
Questions to Ask Before Hiring In-Home Health Care Services
There is a wide range of home health care services available from daily household tasks to medical care. Before identifying a health care service for information, get a clear idea of what you are in the market for, be it recovery from surgery or long-term care for a chronic illness. The first step is… Read More »
Do You Have an Estate Planning Blueprint?
That warning is applicable to people of all ages. Your assets can go to one of four spots: Your family Your friends Charitable organizations or The government. Therefore, to avoid the last choice, sit down with an estate planning attorney and ensure that your assets are being allocated how you want them to be…. Read More »
Requests for Estate Plans Reflect Fears about Coronavirus
Estate planning lawyers have always known that estate planning is not about “if, ” but about “when.” The current health pandemic has given many people a wake-up call. They realize there’s no time to procrastinate, reports the article “Surge on wills: Fearing death by coronavirus, people ask lawyers to write their last wishes” from… Read More »
What’s the Difference Between an Inter Vivos Trust and a Testamentary Trust?
Trusts can be part of your estate plan to transfer assets to your heirs. A trust created while an individual is still alive is an inter vivos trust, while one established upon the death of the individual is a testamentary trust and is generally included within a Last Will and Testament. Investopedia’s recent article… Read More »
Massive Changes to RMDs from Stimulus Plan
Several of the provisions that were signed into law in the relief bill can taken advantage of immediately, reports Financial Planning in the article “Major changes in RMDs and retirement contributions in $2T stimulus plan.” Here are some highlights. Extended deadline for 2019 IRA contributions. With the tax return filing date extended to July… Read More »
C19 UPDATE: Should You Bring Mom Home from the Nursing Home Now?
If you have a loved one currently living in a nursing home, you’re probably worried about them right now. You may not be able to visit them or check in on their care. You may be afraid that the next COVID19 outbreak will strike their facility. And … you may be struggling with the… Read More »
Estate Plan Updates in the Age of Coronavirus
With the ever-increasing number of deaths in the U.S. from Covid-19, many people are now doing what estate planning attorneys have advised them to do for years—get their estate plans in order. Many are having phone meetings or videoconferences with estate planning attorneys, says Barron’s in the article “The Coronavirus Has Americans Scrambling to… Read More »
Is a Pandemic a Good Time to Make End-of-Life Decisions?
The Milwaukee Journal Sentinel, in the article “We’re in a pandemic. This is a good time to plan your estate and make end-of-life choices” says that estate planning is easy to postpone because we don’t want to think about it. If you die without a will, state law may control who gets your estate… Read More »