The matter of long-term care is the most pressing issue that elder law attorneys address on behalf of their clients. If you have not given it much thought, these compelling facts should definitely get your attention. You will probably need long-term care. According to the United States Department of Health and Human Services, just over … [Read More]
Report: Expect Nice Social Security COLA in 2022
Social Security recipients can see cost-of-living adjustments (COLAs) that will increase their benefits when inflation justifies it. The inflation rate has been low over recent years, so the adjustments have been minimal. Last year, the COLA was just 1.3 percent, and it was 1.6 percent the previous year. This sounds disappointing, but there were no … [Read More]
A Discussion With an Estate Planning Lawyer
Imagine yourself striking up a conversation with the person sitting next to you on an airplane. You find out that they are an estate planning lawyer, and they are open to answering questions that you have about the subject. This would be a great opportunity to walk away with some important information. In this post, … [Read More]
VA Aid and Attendance Pension Can Give Seniors a Boost
You should be aware of the potential impact of long-term care costs when you are looking ahead toward your retirement years. The United States Department of Health and Human Services has found that seven out of ten seniors will require living assistance eventually. Just over 50 percent of elders will incur long-term care expenses, and … [Read More]
Estate Planning: Separate Fact From Fiction
People sometimes pass along “information” about estate planning that is untrue or incomplete, and this can lead to mistakes that yield negative consequences. In this post, we will look at a handful of estate planning myths that can lead you astray. DIY estate planning is a simple solution. You can buy generic, fill-in-the-blanks legal documents … [Read More]
Neither Age Nor Health Determines Whether You Need an Estate Plan
Most people associate Estate Planning with the elderly or very wealthy. This article explores situations in which Estate Planning for the young and healthy is advisable. Read on to learn more. [Read More]
What Are the Responsibilities of a Fiduciary?
A fiduciary is an individual or entity that has a legal responsibility to look after the best interests of an engaged party or parties. There are fiduciaries that play a role in the estate planning process, and we will take a look at the subject in this post. Estate Executor When a will is used … [Read More]
Own a Vacation Property? You Need a Living Trust
If you have the means, an out-of-state vacation home can enhance your life. You and your family and friends can relax, unwind, and have fun together when you have the opportunity, and you are making a good investment that can yield financial dividends. At the same time, there is an estate planning consideration, and we … [Read More]
Does Medicare Cover Long-Term Care?
You qualify for Medicare and Social Security through the accrual of retirement credits. This year, you get one credit for every $1470 that you earn, so everyone that works consistently will get four credits each year. After you have accumulated a total of 40 credits, you will qualify for these programs when you reach the … [Read More]
Can You Use a Transfer on Death Account to Avoid Probate?
You should have a general understanding of the estate administration process when you are engaged in your estate planning efforts. Most people think that they should use a will to facilitate asset transfers, but there are reasons why you may want to go in a different direction. A will is admitted to probate, which is … [Read More]
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