Q. I just watched “I Care A Lot” on Netflix and it was certainly eye-opening. In the story, a shady legal guardian, Marla Grayson, abuses the system by targeting wards that don’t really need her, places them in care facilities, … [Read more...]
Does my Life Estate Qualify for Real Estate Tax Relief? Links for all County and City Tax Relief Applications.
Q. My mom has owned her home for over 20 years. Last year she came to your firm and did an irrevocable Medicaid Asset Protection Trust. Your firm deeded her house into the trust but had her keep a life estate in the house. She now … [Read more...]
What Do Different Generations Care Most About in Their Estate Planning?
Q. My daughter, Abby, is 30 and newly married. Similar to many of her friends, Abby and her husband decided to do their estate planning because the coronavirus got them thinking about their mortality. It got me and my husband, who … [Read more...]
How Well Did Eddie Van Halen, Kobe Bryant, and Alex Trebek Plan for Their Loved Ones?
As everyone knows, 2020 has been a challenging year for many reasons. Luckily, there are only nine more days left of the year, and we’re hoping that 2021 brings much better things. Besides the coronavirus pandemic, one of the … [Read more...]
Happy Thanksgiving from the Farr Law Firm
How to Enjoy Thanksgiving in a Different Way this Year
Every year, Melissa and her family drive to New Jersey to spend Thanksgiving with her mother, a widow who lives alone. This year, with the kids still playing sports and Melissa and her husband still going into the office … [Read more...]
When You Inherit Unexpectedly
Q. When my sister-in-law, Erin, got her 23 and Me results in the mail a couple years ago, she was surprised to find out that she is Scottish, Irish, German, and almost a quarter Native American. Since then, she has connected with … [Read more...]
How Do Directed Trusts Work?
Q. I recently read about what is called a directed trust, where an individual has power to direct the trustee on some aspect of the trust, such as investment management, administration, and distribution decisions, powers usually … [Read more...]
When Guardianship Turns into a Nightmare
Kim Stryker, a Virginia resident, was a long-distance caregiver for her father, Steven Stryker, a Navy veteran residing in Florida. Steven had his share of health issues over the years including alcoholism, bipolar disorder, and … [Read more...]
No Matter How Old He Is— He’s My Son and I’ll Take Care of Him!
Q. I read about a situation where a 98-year-old mom named Ada Keating moved into a senior home to help care for her 80-year-old son, Tom. As a single mom with a son, I could understand wanting to ensure your child is well cared … [Read more...]
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