There are many different tools that can be used when you are planning your estate. It is unwise to assume that you have to settle for limitations or suboptimal outcomes. In most cases, there is a particular device that can serve as the ideal solution. With this in mind, we will look at estate planning … [Read More]
Five Key Facts About Elder Care Planning
When you are envisioning your retirement, you are naturally going to think about the good times that lie ahead. To get there, you estimate your projected living expenses and take the right steps to be able to address them. While you are doing so, you should make sure that you plan ahead with totally clear … [Read More]
How Do You Plan Your Estate When You Have a Business Partner?
You should work with an estate planning lawyer to put a plan in place because of the personalized attention that you will receive. Contrary to the belief of some people, it is not necessarily a matter of drawing up a will and hoping for the best. There are different ways to facilitate asset transfers, and … [Read More]
Advance Property Liquidation Can Streamline the Estate Administration Process
Far too many people assume that estate planning is an exercise in drawing up a will or trust. They think that the rest will fall into place, and they do not consider any of the finer details. You can approach the matter this way if you choose to do so, but you may want to … [Read More]
What Can a Trust Do That a Will Can’t
A lot of people think that when you create your estate plan, you draw up a will, and that’s the end of the story. This is one way to approach it, but in fact, a trust can be a better choice in many cases. Trusts can address certain objectives that a will cannot, and we … [Read More]
Medicaid Spousal Allowances Increased for 2023
Long-term care costs can potentially consume a significant portion of the legacy that you will be passing along to your loved ones. Why is this the case if you qualify for Medicare coverage? Many people would say it isn’t fair, but Medicare does not cover the custodial care that nursing homes provide. Medicaid will cover … [Read More]
Why It’s Important to Plan Your Estate Now
Two out of every three American adults do not have wills or trusts in place. Many of these folks are planning ahead for retirement, and in general, they manage their lives effectively. Strangely, they fail to take action to address one of the two certainties of life. A lot of people would tell you that … [Read More]
Does Your Estate Plan Reflect Your Current Wishes?
As we enter a new year, it is time for reflection, and some people think about the responsibilities they have been placing on the back burner. From an estate planning perspective, procrastination is always going to be an issue. Clearly, the subject is often avoided, and folks tend to think they will have time to … [Read More]
SSA Releases 2023 Social Security Cost-of-Living Adjustment
We have heard a lot about inflation this year, and we are living it when we make purchases. For the most part, there is nothing good to say about higher prices, but there is a silver lining for seniors. As elder law attorneys, we focus on matters of interest to older folks, so we will … [Read More]
Elder Law News: Medicare Part B Premiums Going Down in 2023
As elder law attorneys, we keep a finger on the pulse of news that is of interest to senior citizens. Clearly, anything that is related to Medicare costs will be of interest. On September 27, an announcement was released by the Centers for Medicare and Medicaid Services (contact form to send us a message. … [Read More]
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