Year: 2016
Senior Lives Matter aims to raise the issue of abuse of the elderly to the Presidential campaign trail. The cost of long term care, elder abuse and problems in guardianship systems have not created much discussion on the Presidential campaign trail despite the fact that seniors are left vulnerable to abuse. There is a chance […]
People who have pets often make informal plans to protect their pets after the owner dies but informal plans are not official plans. Pet owners often make informal plans with siblings or best friends about the fate of their pets after the owner passes away but these arrangements have no legal standing because, while some […]
The owners of a family business sometimes attempt creative ways to protect the business from a divorce within the family but those plans can backfire. The owner of a pizza parlor chain in New York chose to leave her estate to her daughter, cutting her son completely out of the will. She supposedly did this […]
New IRS forms—IRS Forms 8971—are due on March 31, 2016 and, while they close an estate tax loophole, they also create confusion. While closing an estate tax loophole is a good idea and should be simple, it is not. The loophole being closed allowed one value of property for estate tax purposes and a different […]
Following a few simple rules can make the choice of naming a trustee an easier decision. People sometimes delay naming a trustee because it is a difficult decision with wide-spread ramifications. Sticking close to some guidelines can get the job done and create peace of mind. Recently, the Daily Press offered some advice in “Trustees […]
UCLA has conducted a study on Medicare and found that prices are often inflated and payments are a problem. Medicare pays a set amount for each procedure despite the amount of the bill from health care providers. But a study conducted by UCLA and reported by Medical News Today in “UCLA study finds inflated charges, […]
The will of terrorist Osama Bin Laden has been released to the public. While much of the focus on the documents released by the Office of the Director of National Intelligence from the Osama Bin Laden raid has been on the warning against forming a state similar to ISIS, the government confirms CNN’s report that […]
AARP study reveals cost of medications most commonly used by seniors rising faster than inflation. While Presidential candidates don’t agree on most every subject, they are generally in agreement on one: the cost of prescription drugs is too high. Several candidates have suggested that allowing the government to negotiate prescription prices with drug companies would […]
The issue of digital accounts can be resolved in an estate plan. Legislative solutions to digital accounts have been approved by some state legislatures across the U.S. but the problem of access to your digital accounts after you pass away continues to be a challenge. And, if you live in a state that has not […]
Stock can be transferred after you pass away and it can be a simple process. The transfer of stocks after you pass away is not only possible but relatively simple if the rules are known and that is important when preparing an estate plan. Recently, the Motley Fool discussed the possibilities in “What Happens to […]
