Blog
Will Long-Term Care Living Arrangements Prevent You from Leaving an Inheritance?
In our last post we wrote about what matters most when choosing a long-term care living situation, suggesting that it’s not always the place that matters most, but the mind-set of the elderly person who will be living there, and how involved that person is in the...
What Matters Most When Choosing a Long-Term Care Living Situation?
Elderly people and their families can spend months—sometimes years—looking for the perfect long-term care living arrangement. Most families try to avoid the nursing home option to the very end, believing that assisted living or small residential care homes provide a...
Jane Austen’s Will: It Used to Be So Easy
Many clients are shocked when they see the sheer volume of paper in a truly well-done estate plan. A trust by itself can be hundreds of pages, not to mention the other 6 to 16 documents you may or may not have—depending on your family situation. You may find that the...
What Can You Do To Insure Kids From A Previous Marriage Get A Share Of Your Present Estate?
All we have is a house and a few cars, part ownership in another house. I would go one step further. The foundation of estate planning is control. Life happens. When one spouse dies it is natural for the survivor to remarry. In remarriage loyalties change. It is not...
You Know the Importance of Planning… But Do Your Aging Parents?
If you have been reading our blog then you know that this year—the year without a federal estate tax—is an important year, and that next year—when the estate tax returns—will be an even more important year for planning and reviewing your estate. You know this... but...
My Aunt Put My Name On A CD 6 Months Ago. Now She Wants Her Name Off. Am I To Pay Taxes On The Entire Amount Or Just The Interest?
My aunt, 6 months ago added my name to her CD. Now she does not want to pay the estimated taxes on it so she wants her name off and I can pay the taxes on it. Do I pay taxes as if it were a gift or as if it were mine and only on the interest? Believe it or not you...
The Next Step In Elderly Home Care
Many adult children of an aging parent get to a point in their parent’s care where they feel they have only two options: move their parent in with them so that they (or their spouse) can provide around-the-clock care, or move their parent into a nursing home. Reaching...
Living on the Edge: Small Business Owners and Retirement
Do you feel comfortable with your retirement plan? If you’re a small business owner the answer to that question is probably no. In fact, according to this report by Jules H. Lichtenstein, Office of Advocacy, US Small Business Administration, “Retirement account...
Parent To Child Transfer With Stipulations
Would I need a living trust or what forms would I need? A sensible way to transfer assets to children, in the event of your death, is through a revocable living trust. Transferring assets to children through a last will generally gives the children assets at age 18,...
Not Just Estate Tax Anymore
Anyone who has been following our blog knows that the expiring Bush tax cuts (including the repeal of the estate tax this year and the tax’s reinstatement next year) have given lawmakers no end of trouble as they struggle and debate—and debate and struggle—to agree on...
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