Planning is Critical for Unmarried Couples
A proper estate plan will help those left navigate the disposition of assets and the probate court system, especially for unmarried couples and some married same-sex couples.
June 29, 2021
Short-Cuts in Planning can have Consequences
Over the years I get all kinds of questions from people. And boy, have I heard some doozies. But one common one I get is called the ‘lazy (or poor) man’s (or woman’s’) estate planning.’ This type of estate planning has some very negative tax consequences.
June 15, 2021
Not Everyone can Contest a Will
The death of a loved one results in an emotional grief that, when combined with large sums of money on the line, can cause the beneficiaries of the will or trust or the heirs of the deceased to challenge the validity, interpretation, or administration of the will or trust.
June 14, 2021
What are the Early Signs of Dementia?
From age 50 on, it’s not unusual to have occasional trouble finding the right word or remembering where you put things. However, persistent difficulty with memory, cognition and ability to perform everyday tasks might be signs that something more serious is happening to a loved one’s brain.
June 8, 2021
Deciding Who will Serve as Executor
What happens if you don’t have any family to be personal representative? Other than a family member, who can be personal representative?
May 11, 2021
Address Finances if Diagnosed with Alzheimer’s
If a person close to you has been diagnosed with Alzheimer’s disease, it may be time to address some serious financial questions.
May 6, 2021
Understand the limits of a Power of Attorney
The person signing the power of attorney, which gives someone else the authority to act for them, is called the ‘principal’ and the person who is given the power to act for you is called your ‘agent.’
May 3, 2021
Deduct Expenses for Long-Term Care
The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
April 29, 2021
When a Guardianship is Needed to Protect a Senior
My Dad has been deemed unable to make his own decisions, and he does not have a Power of Attorney. The hospital said we need to apply for guardianship. What is that?
April 20, 2021
Poor Estate Planning Decisions can be Costly
The press has made much of the handwritten will that Larry King executed in the months before he died and in which he purports to change his prior will executed in 2015, to leave his estate equally between his children.
April 15, 2021