October 29, 2020 •
Estate Planning ![]()
Probate is a process to transfer the assets after someone dies. For example, when a homeowner passes, probate allows for the home to be sold or transferred, if necessary, even though the owner is no longer alive to sign a deed.
Read MoreOctober 28, 2020 •
Estate Planning ![]()
Amid headlines of COVID-19 infiltrating nursing homes and large senior care facilities, it’s understandable that many Americans would prefer to avoid assisted living environments as they grow older. However, the trend to age in place predates the pandemic. Remaining at home was the first choice for 76% of Americans age 50 and older, according to a 2018 AARP survey.
Read MoreOctober 27, 2020 •
Estate Planning ![]()
Second (or third or fourth) marriages often require careful balancing between the needs of the surviving spouse and the needs of the children from a previous marriage.
Read MoreOctober 26, 2020 •
Estate Planning ![]()
Seniors with limited income need to find ways to lower their medical costs. Here are some options for keeping those healthcare bills in check.
Read MoreOctober 23, 2020 •
Estate Planning ![]()
Most states recognize inheritances as separate property, and many experts say keeping them separate is often the best approach.
Read MoreOctober 22, 2020 •
Estate Planning ![]()
It’s difficult to go a few hours without interacting with a digital account. Whether that is email, online banking or social media, many daily tasks involve digital informational storage.
Read MoreOctober 21, 2020 •
Estate Planning ![]()
Estate planning is the process of transferring the management of your assets, if and when you are unable to manage them yourself due to disability or death. Whether you have $100 or $100 million you should have an estate plan.
Read MoreOctober 20, 2020 •
Estate Planning ![]()
Most people wish to have more control over who and how their assets are managed than what the state laws provide, and so they draft documents that can override the Laws of Intestacy, when those laws do not match their objectives.
Read MoreOctober 19, 2020 •
Estate Planning ![]()
The Netherlands, as it happens, ranks tops in long-term care provision among developed countries — if your metric is total spending level, where it ranks first at 3.7% of GDP or projected future spending, or total projected spending in 2070, where it comes out at 6% of GDP, second only to Norway (7.1%).
Read MoreOctober 16, 2020 •
Estate Planning ![]()
Federal estate, gift and GST tax exemptions are currently at historic highs ($11.58 million per individual in 2020). These higher exemptions are scheduled to return to $5 million, adjusted for inflation, after December 31, 2025, but they could be reduced before then, as a result of political or policy changes.
Read More
