Estate Planning and COVID-19 - Preparing for the Coronavirus By now, many people throughout the world are aware of the Coronavirus (COVID-19). It first appeared in Wuhan, China in late 2019, and was first reported to the World Health Organization (WHO) on December 31, 2019. Since … [Read more...]
Even-Steven: Another Reason Why Your Estate Plan Should be Reviewed Regularly
I recently worked with a trustee (I’ll call her Jane), in administering her Father’s Trust. Jane has two brothers. Dad spent his life trying to make sure all three kids were treated equally - that everything was “even-steven.” Like many parents, Dad desired to divide his assets equally between … [Read more...]
The Faded Living Room Sofa
It’s a simple phrase with a devastating impact; your Mom and Dad sit you down on the faded living room sofa that has been in your home since you were a child. You mom is staring down at her hand clasped around your father’s and he looks at you and reveals, “Your Mother Has Alzheimer’s.” Your mind … [Read more...]
Protecting the Estate Against Potential Predators
I recently met with a client who lost her husband not long ago. I will refer to this client as “Sally”. Unfortunately, Sally has had to move into a care center, due mainly to significant memory issues. While she is physically healthy, she is not able to handle her financial affairs, which involve … [Read more...]
Considering In-Home Care for a Family Member?
When I visit with my clients they often express to me that the “golden years” are not so golden. Many seniors, and consequentially their families, are faced with the decision of locating the appropriate medical care when healthcare issues arise. There are basically two options available when your … [Read more...]
Can you refinance your home if you have a Revocable Living Trust?
The simple answer is yes. The more complicated answer is that it is crucial that you consult with your estate planning attorney to discuss how the process must be completed from beginning to end to ensure proper titling of the real property. During an estate plan review, one of the critical elements … [Read more...]
Long-Term Care and Obamacare?
The hot topic recently is Obamacare. There is obviously much confusion, misunderstanding and strife in matters affecting our health care. One issue that has for a long time been of real concern is what happens if you have to go into a nursing home or other long-term care arrangement. People have … [Read more...]
Tis' The Season To Look In On Your Loved Ones
Since the holiday season is a time for family gatherings, you can and should use these visits to not only celebrate the holidays but to ensure your aging loved ones are doing well. Take the time to assess the loved one you are visiting. Are they properly dressed and groomed? Are they doing their … [Read more...]
Be Thankful For the Ones You Love
This week, we have a very simple message: be thankful for the loved ones in your life. While we are counting our blessings at this holiday season, remember that the greatest blessings in our life are the people we love. These are the people that influence our daily decisions, lift us up when we … [Read more...]
Planning is more than Just Estate Taxes
I have been reading lately that since the current Estate Tax exemption is $5.25 million, there is little to no reason to properly plan your estate. Since the government currently allows a person to pass $5.25 million to anyone without paying estate taxes, many purported pundits minimize the value … [Read more...]
