Did you know a spendthrift trust can be established for the benefit of a person who is often unable to control his or her spending? A spendthrift trust gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. The beneficiary is often a... Read More
Did you realize that more than half of Americans either lack an estate plan, or have one that is out-of-date? That is taking an enormous, and unnecessary, risk. Why? The reason is simple. If you do not decide how to protect and pass on your wealth, then the state can, and your loved ones may not like it. How do we... Read More
Did you know that bequeathing Individual Retirement Accounts (IRAs) is becoming more prevalent? This may be because the Baby Boomer generation is the first generation that has created retirement wealth in IRAs. The proposed SECURE Act, however, may require the IRA owner to make some changes to his or her IRA estate... Read More
Often, when clients come to us, one of the first questions they ask is “What is the difference between Estate Planning and Elder Law?” While this question may seem simple, whether a client needs Estate Planning or Elder Law, legal services depends greatly on each client’s unique set of circumstances. To help you make... Read More
You might be concerned that a vacation home or other property you own out of state will be hard to distribute to your heirs. Alongside the probate in your home state, another, ancillary, probate court process might need to occur. Ancillary probate can present some challenges. As you plan ahead, these are a few... Read More
Gray Divorce continues to be on the rise in America. A so-called “Gray Divorce” occurs when couples over the age of fifty, including many senior couples, agree to end their marriages later in life. Sadly, Gray Divorce numbers have been steadily increasing for the past several decades, and they come with their own... Read More
Did you know that only 1 in 4 Americans have estate planning, and an alarming number of these Americans are middle-age or older? While this statistic may surprise you, most of us do not realize that we need estate planning as soon as we turn 18 years of age. For the parents of college students this is especially... Read More
The cost of long-term care continues to rise each year. In states across the nation, we have seen increases over the last five years of well over ten to twenty percent in the healthcare industry serving our Older Americans. These costs have risen in a number of areas for Older Americans including, but not limited to,... Read More
Developing a comprehensive estate plan is one of the most important things someone can do. The decision to create an estate plan is critical, regardless of the amount of assets that they wish to leave behind to loved ones or other designated beneficiaries. What many people do not realize, however, is that you have to... Read More
Most of us want our day to day activities to be effortless. We do not want complicated processes and procedures to frustrate what should be simple tasks. Instead, we want easy-to-follow directions and a clear path to getting the job done. When you find yourself caring for a loved one, especially a loved one with... Read More
