The legal needs of many older Americans go beyond basic legal services. They are also all intertwined. In addition to understanding the legal issues and complications that older Americans face, elder law attorneys must also understand the surrounding personal concerns of their clients, such as health, financial and family issues, and how those affect their clients’ legal […]
Understanding the Issues of Elder Law Read More »
Probate law does not allow anyone to take items from a loved ones’ home after they die, until the will has been probated. Learning about probate, what it entails and how to prepare for it may make it a little easier when a family member dies, says a recent article titled “Can you empty a house before
What about House Contents when Someone Dies? Read More »
The Secure Act (Setting Every Community Up for Retirement Enhancement Act) was signed into law on Dec. 20, 2019 and includes many reforms that could make saving for retirement easier and more accessible for many Americans, says CNBC’s recent article entitled “Did you know inherited qualified retirement accounts must be liquidated in 10 years? If you didn’t, you are not
How Does My Inherited IRA Fit into Estate Planning? Read More »
According to the “Caregiving in the U.S. 2020” report by AARP and the National Alliance for Caregiving, “about one in five caregivers report experiencing high financial strain as a result of providing care.” This is especially true for those involved in high-intensity caregiving for over 21 hours a week, who often deplete their savings and
Can I Avoid Disagreements in My Family about Mom’s Caregiving? Read More »
If you die without a valid will, your state may keep more of your assets than if you have a will. Your family won’t have any control and the court will follow the laws of your state regarding how your assets are distributed. That’s probably not what you want to happen, according to the article “People
Does a Will Protect My Money and My Family? Read More »
trust fund is a legal entity you create that takes ownership of your assets and ensures that the assets are used in a way that’s beneficial to your loved ones, explains Yahoo Finance’s recent article entitled “How to Start a Trust Fund the Easy Way.” Trust funds are created by a grantor, who sets up the trust and
How Do I Create a Trust? Read More »
A stock market downturn may be a prime time for a Roth IRA conversion, reports CNBC’s recent article titled “Here’s why a Roth individual retirement account conversion may pay off in a down market.” This is especially true if you were considering a Roth conversion and never got around to it. A Roth conversion allows higher earners to sidestep earnings
Is a Roth Conversion a Good Idea when the Market Is Down? Read More »
A pour-over will is a type of will that’s created in conjunction with a trust. It can help facilitate the transfer of assets, if a trust’s grantor (the person establishing the trust) has failed to transfer all intended assets into the trust. A pour-over will can be an important part of a person’s estate planning checklist. Bankrate’s recent article
Should I have a Pour-Over Will? Read More »
If you are very close to the person who has passed away, you’ll likely have a lot to do immediately after their death. Katie Couric Media’s recent article entitled “What to Do Immediately After the Death of a Loved One” says that it’s normal to feel like your brain short circuits each time you try to make a
What Do I Need to Do Right after Spouse Dies? Read More »
Call Us Now
Email Us Now