Retirement planning is a crucial process that everyone should undertake to ensure their financial security in their golden years. It involves setting and achieving financial goals for the future, such as saving enough money to cover living expenses, health care costs, and other retirement-related expenses. In this post, we will discuss the importance of retirement … [Read More]
Pet Trust: Ensuring Your Furry Friend’s Future
Pets are a great source of companionship, love, and support for people of all ages. However, for senior citizens, owning a pet can be especially beneficial. As people age, they may find themselves living alone or in isolation due to various reasons such as retirement, loss of a spouse or friends, or physical limitations. In … [Read More]
Secrets and Intrigue: A Look at Five Unusual Trusts
A lot of people do not understand the fact that there are many different types of trusts that can be used when you are planning your estate. The primary reason why you should work with an estate planning attorney is to become apprised of your options so you can make informed decisions. With this in … [Read More]
Elder Law Answers: Can I Keep My Spouse’s Income?
Many people do not have to think about Medicaid because they get health insurance through their employers, and they know they will qualify for Medicare when they are seniors. This makes sense on the surface, but there is a reason why Medicaid is relevant to just about everyone. In this post, we are going to … [Read More]
Your Estate Plan Should Be Updated Along the Way
A lot of people procrastinate before they put estate plans in place. Going forward, many do not take action to make revisions as things change because a new cycle of procrastination takes hold. This phenomenon applies to known circumstances, and there are people that have outdated estate plans because they are not aware of changes … [Read More]
Alzheimer’s Impact From an Elder Law Perspective
As elder law attorneys, we find that the most pressing matters that we deal with are impacted by Alzheimer’s disease. Though it is a disconcerting prospect, you should be aware of this looming threat when you are making preparations for the future. Deadly and Surprisingly Common Everyone has heard of Alzheimer’s, but a lot of … [Read More]
An Overview of Situational Inheritance Planning
Why should you work with an estate planning lawyer to put a plan in place? This is a broad question, and there are multiple different reasons why professional assistance is invaluable. This being stated, there is one overarching motivation. There is no single approach to the process that is right for everyone. The ideal way … [Read More]
Are Living Trust Distributions Taxable?
People often have questions about how taxes can impact inheritances, and we are going to look at taxation on living trusts in this post. But first, we will provide a general overview that will help you understand some of the benefits that these trusts provide. Simple, Efficient Estate Administration One of the most commonly held … [Read More]
Three Estate Plan Components You May Have Missed
People often think of estate planning as the act of drawing up a will or a trust to state your final wishes. This is definitely at the core of the process, but there are some details that can be overlooked. We will look at three of them in this post. Advance Directives for Health Care … [Read More]
Pandemic Underscores the Need for Advance Directives
Attorneys in our field emphasize the need for incapacity planning, and people generally agree that it is important, but they envision end-of-life scenarios for senior citizens. In reality, this is a shortsighted perspective. COVID Wake-Up Call When the pandemic originally emerged, it took everyone by surprise. Suddenly, people that were getting along just fine were … [Read More]
( By appointment only )