26 05, 2024

What Is a Contingent Beneficiary?

2024-05-26T11:00:09-04:00May 26th, 2024|

Creating an estate plan involves selecting people to receive your money, property, or other items if you pass away. When making a will, you’ll work with an estate planner to designate those who will inherit from you. The persons (or entities, [...]

16 05, 2024

7 Things to Know About Living Wills

2024-05-17T09:36:11-04:00May 16th, 2024|

Confusing many people with its name, a living will does not pass assets and property to your heirs like a standard will and testament. Instead, it advises your doctors and family about the type of medical care you wish to [...]

13 05, 2024

Differences Between Nursing Home Care and Hospice Care

2024-05-13T06:30:15-04:00May 13th, 2024|

End-of-life decisions are never easy. One of the most important decisions you may make regarding health care as you age could be whether you need a nursing home or hospice care. To make the best choice for you and your [...]

9 05, 2024

Probate Process: A General Timeline

2024-05-09T14:09:08-04:00May 9th, 2024|

Probate is the legal process of formally recognizing a will after a person dies, naming or validating an executor to administer the estate, and distributing assets to intended beneficiaries. It also requires paying the decedent’s outstanding debts and federal and state taxes. [...]

3 05, 2024

What to Do With an Inherited IRA

2024-05-03T09:32:49-04:00May 3rd, 2024|

Inheriting an IRA may seem like a good thing, but there can be tax consequences if you aren't careful. If you inherit an IRA, you should check with an attorney or financial advisor as soon as possible to find out [...]

29 04, 2024

Seven Ways to Distribute Your Personal Property Fairly

2024-04-29T08:21:21-04:00April 29th, 2024|

Unlike money, personal belongings usually can't be divided equally after their owner passes away.  For this reason, distributing possessions like furniture, jewelry, dishes, silverware, artwork, photographs, or clothing is often the most difficult challenge in settling an estate. It can [...]

26 04, 2024

Capacity Requirements for Executing Estate Planning Documents

2024-04-26T10:03:18-04:00April 26th, 2024|

Proper execution of a legal instrument requires that the person signing have sufficient mental "capacity" to understand the implications of the document. While most people speak of legal "capacity" or "competence" as a rigid black line--either the person has it [...]

22 04, 2024

What You Should Know About Long-Term Care

2024-04-22T09:12:36-04:00April 22nd, 2024|

Research shows that roughly one in seven adults aged 65 or older will need long-term care at some point in their later years. Meanwhile, tens of millions of Baby Boomers in the United States are growing older and living longer. It seems [...]

19 04, 2024

Understanding Medicaid: What Does Medicaid Cover?

2024-04-19T09:14:10-04:00April 19th, 2024|

In the complex and frequently changing landscape of health care in the United States, Medicaid stands out as a vital program. Since 1965, it has provided essential coverage to millions of low-income individuals and families. Alongside Medicare, Medicaid serves as [...]

15 04, 2024

Elder Financial Abuse: How an Elder Law Attorney Can Help

2024-04-15T08:44:51-04:00April 15th, 2024|

Elder financial abuse is a significant issue affecting many older adults nationwide. It involves someone exploiting or misusing an older person’s finances or assets for personal gain. Often, the perpetrator is in a position of trust, be it a family [...]