mastheadblog26

Ten Reasons to Create an Estate Plan Now

Many people think that estate plans are for someone else, not them. They may rationalize that they are too young or don’t have enough money to reap the tax benefits of a plan. But as the following list makes clear, estate planning … [Read more...]

Aging Drivers and the Law

We rely heavily on cars in our society; in many places, they are the only convenient link to the outside world. Unfortunately, as people age, driving can become more difficult and more dangerous. The elderly drive less, but have … [Read more...]

Does Your Estate Plan Include Your Pets?

Have you considered your pet or pets when planning your estate? If not, you should, according to The Humane Society of the United States, the nation's largest animal protection organization."Since pets have shorter life spans, … [Read more...]

Joint Account Fails To Do Its Job

A court decision in Virginia highlights the potential dangers of relying on joint accounts for estate planning. Caine v. NationsBank, N.A. (Va. Sup. Ct., No. 002615, Sept. 14, 2001).In May 1989, Dr. Andrew A. Freier opened a … [Read more...]

Congress Passes Bill Containing Punitive New Medicaid Transfer Rules

By a vote of 216-214, the U.S. House of Representatives has passed budget legislation that will impose punitive new restrictions on the ability of the elderly to transfer assets before qualifying for Medicaid coverage of nursing … [Read more...]

The Message of the Pending Asset Transfer Changes: Don’t Delay Medicaid Planning

As you may know, Congress is on the brink of enacting a law that would impose punitive new restrictions on the ability of the elderly to transfer assets before qualifying for Medicaid coverage of nursing home care. (For the … [Read more...]

A Do-It-Yourselfer Costs Beneficiaries Money and Heartache

Here’s another story about a person who tried to create an estate plan without an attorney’s help, and ended up causing huge problems for his beneficiaries.A California man wrote his own will, in which he divvied up his real … [Read more...]

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