Everyone knows that you have to draw up a will or a trust to facilitate asset transfers after you are gone. This being stated, there are some finer details that should be attended to when you are devising your estate plan, and we are going to look at three of them in this post. Advance Directives … [Read more...] about These Three Estate Plan Details Are Easy to Overlook
There is a very significant demographic shift underway at the present time, and it is having an impact on countless families. During the years that immediately following World War II, an unprecedented number of babies were born. This phenomenon has come to be known as the baby boom, and these … [Read more...] about Elder Law Insight: Sandwich Generation Members Face Challenges
When you are planning your estate, you may have concerns if you will be leaving an inheritance to someone that is not good with money. If you name them in a simple will and provide a lump sum inheritance, they could burn through it too quickly and have nowhere to turn later on. These situations … [Read more...] about Inheritance Planning: How Can You Protect a Spendthrift
Many people with disabilities receive their health insurance through the Medicaid program. These folks also qualify for Supplemental Security Income (SSI), which is self-explanatory. The maximum SSI benefit in 2022 is a modest $841 a month. As estate planning attorneys, we advise clients that … [Read more...] about Estate Recovery and the Supplemental Needs Trust
You should be aware of the potential impact of assisted living costs when you are planning ahead for the future. About 70 percent of elders will need help with their activities of daily living, but some folks will be able to get the helping hands that they need from unpaid family members and … [Read more...] about Is Long-Term Care Insurance a Good Purchase?
Most people do not have estate plans in place, and a sense of overconfidence is one of the reasons. Many young adults think they will draw up a will at some point when they are senior citizens, and the matter will be closed. There is really nothing to think about, and a lawyer is not … [Read more...] about Do You Need a Lawyer to Plan Your Estate?