Author Archives: Site Administrator
How Do I Deed My Home into a Trust?
Say that a husband used his inheritance to purchase the family home outright. The wife signed a quitclaim deed to him to put the property into his living trust with the condition that if he died before his wife, she could live in the home until her death. However, a common issue is that… Read More »
Is Medicare Coverage Free?
Medicare has a variety of expenses—including premiums, copays and deductibles. CNBC’s recent article, “Here’s what you should know about Medicare costs if you’re nearing age 65, ” found that half of respondents in a recent poll by consumer website eligibility.com, said they believe Medicare is free. If you fail to sign up on time,… Read More »
What Types of Senior Care is Available for Veterans?
The U.S. Department of Veterans Affairs offers some funding programs that can help offset the cost of some types of senior care. U.S. News & World Report’s recent article, “Veteran Benefits for Assisted Living, ” explains that many senior living companies try to help many veterans maximize their benefits, which in some cases can… Read More »
Managing an Aging Parent’s Financial and Legal Life
As parent’s age, it becomes more important for their children or another trusted adult to start helping them with their finances and their legal documents, especially an estate plan. In “Six tips for managing an elderly parent’s finances, ” ABC7 On Your Side presents the important tasks that need to be done. Make sure… Read More »
Ignoring Beneficiary Designations Is a Risky Business
Ignore beneficiary forms at your and your heirs’ own peril, especially when there are minor children, is the message from TAPintoChatham.com’s recent article “Are You Ready to Deal with Your Beneficiary Forms?” The knee-jerk reaction is to name the spouse as a primary beneficiary and then name the minor children as contingent beneficiaries. However,… Read More »
Retirement Planning: Where to Start?
While you may be thinking about retirement for a long time, with visions of tropical beaches or grand trips overseas, when the date starts to get closer, it’s time for some real analysis and planning, says limaohio.com’s recent article “What to consider when starting retirement.” Start with a realistic assessment of your healthcare needs…. Read More »
How Does an Executor Obtain a Credit Report for Decedent?
Obtaining the credit report for a decedent is important to protect their assets before any criminals target them for identity theft and credit card fraud, advises credit.com in the article “Dealing with a Credit Report for the Deceased.” Speed is of the essence for this estate task. In most cases, the only person who… Read More »
How to Live a Full Life throughout Retirement
If you don’t have a personal plan for yourself, you may wish you had given it some thought, if you come to an age and stage where other people want to make decisions on your behalf. There are many choices to be made before, during and after retirement, but without a clear picture of… Read More »
More Reasons to Review Your Estate Plan
Every estate planning attorney will tell you that they meet with people every day, who sheepishly admit that they’ve been meaning to review their estate plan, but just haven’t gotten to it. Let the guilt go. Attorneys know that no one wants to talk about death, taxes or illness, says Wicked Local in the… Read More »
Are You Prepared to Age in Place?
If aging in place is your goal, then long-term planning needs to be considered, including how the house will function as you age, accommodations for the people who will care for you and how to pay for care, says the Record Online in the article “Start planning now so you can ‘age in place.’”… Read More »