Life estates can be an excellent tool for Medicaid planning, probate avoidance and tax efficiency, but there are potential problems to look out for. Knowing the implications and risks of a life estate is essential in determining whether it is appropriate for your situation.
In a life Continue reading
When interest rates are low, intrafamily loans can be a good way to assist a relative (typically a child) with purchasing a house or a family business, and in certain circumstances they can be used to gift money to the next generation.
An intrafamily loan allows family members to Continue reading
Happy Pride Month Everyone! As stated in Planning With Pride – Part 1 Estate Planning for LGBTQ+ individuals isn’t all that different from Estate Planning for anyone else. However, there are still some unique issues to consider. This week, we are going to talk about how important Continue reading
Hello everyone, Happy Pride Month!!
Last month was Elder Law month, and we discussed different aspects of Elder Law such as elder abuse and neglect, the importance of caregiver agreements and long-term care insurance, and reasons why even a young person should consult with an Elder Continue reading
It’s still Elder Law month, so we are going to talk about another Elder Law related topic. Last week we talked about why you should consider a long-term care insurance policy sooner rather than later, because the earlier you address the need, the easier it is to meet it and pay for Continue reading
The month of May is Elder Law month. Throughout this month, we will be discussing various topics that are Elder Law related, meaning issues that typically affect not only the elderly, but also others who are vulnerable and disabled. This week, we are going to focus on Elder abuse. Continue reading
Last week, I told you that you should consider having your estate plan modified if you’ve had a life changing event, because failing to do so could completely derail your plans.
Perhaps last week’s message made you fee relieved.
After reading last week’s blog , specifically if you Continue reading
So, we are continuing with our ‘April Fools’ series. Last week, I told you not to be fooled by your close family relationships, because the best way to ensure your wishes are protected, is to write them down. You can’t just talk about it…be about it! This week, we’re going to talk Continue reading
Last week I told you that DIY estate plans are not such a great idea. Since they don’t take your family dynamics into consideration, they may or may not address all of your needs. This week, we’re going to talk about family dynamics… and how sometimes, it is the very cause of you Continue reading
Throughout the month of April, we are going to discuss common & foolish estate planning mistakes. Now, I know April Fools only comes once a year. But for our purposes, it is April Fool’s month! This week, we’re going to talk about DIY estate plans and why they’re not such a great Continue reading
