Year: 2018
Preparing for the tax season is also a good way to organize an estate plan. Since you have to get all of your financial information for the year sorted out and digested at tax time, you can also benefit from your organizing effort by creating an estate plan, according to Forbes in “Make A Better […]
You have Social Security and Medicare but what’s next? It might be tempting to stop planning after retirement. However, there is still some planning left to do, according to the Wills, Trusts & Estates Prof Blog in “Post-Retirement Planning: A Checklist for Seniors.” Retirees need to plan for emergencies and the possibility of no longer […]
New Hampshire may put elder abuse cases on the fast track. While suspected elder abuse is being investigated and going through the legal system, the abuse can continue. However, some New Hampshire legislators are working on solving the problem, according to Seacoast Online in “House bill would help elder victims of financial abuse.” The idea is […]
Much depends on the state laws and the family situation when it comes to estate planning. When parents become estranged from their children, they need to know how to handle those children in their estate plans. An example was published recently when a woman wrote to the Napa Valley Register to ask about her brother’s […]
It is not the wealthy singles who are most in need of an estate plan. Most people think protecting their children is more important than money. That’s why parents with minor children have more reasons to plan their estates than wealthy single people, according to Volume One in “When There’s a Will.” When parents of […]
The idea has only been science fiction so far. However, that may change in the future. The reproduction of things learned after birth is not likely anytime soon, so an almost identical human genetic clone might be far off. Recent information that Barbra Streisand has had one of her dogs successfully cloned twice, has sparked some […]
If a spouse passes away unexpectedly, the financial challenges can make the situation even worse. If a spouse passes away and they were the one who handled the finances, the widow or widower may face an additional challenge. However, they should not let financial issues bother them too much, according to the Green Bay Press […]
Are one or more of the potential heirs considering or have no interest in the farm? There are three steps. When a farmer passes away, one, all or none of the children may have an interest in the farm. That makes planning seem difficult. However, in reality there are only three steps to consider, according to […]
If you end up needing Medicaid, the government will look closely at your assets. There are some ways around the problem of having assets and needing Medicaid. A trust is one of the answers, according to the Times Herald-Record in “Benefits of Medicaid Asset Protection Trust.” A Medicaid Asset Protection Trust is a trust that […]
While many digital legal documents have already been created, it seems that wills create a real challenge. Despite the recent move to create digital legal documents, wills, which by the very nature of the deceased being unable to verify the document in court, have remained on the back burner. Perhaps, that is about to change, […]
