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A mistake in estate planning sparked a long fight between the heirs. Audrey Hepburn memorabilia has been stalled in court for the last two years but her sons may have now reached an agreement, according to the Daily Mail in “Audrey Hepburn’s sons agree to split their late mother’s treasure trove of belongings, including costumes, […]
A Nevada trust may replace Delaware, when it comes to asset protection. Some question Delaware as the state of choice for an asset protection trust following a court decision in 2014, according to Kiplinger in “Delaware Trust? You May Want to Consider Nevada Instead.” Dynasty trusts have long been the goal of people who want […]
One has to be very careful with their assets, when it comes to qualifying for Medicaid. A key mistake when it comes to Medicaid is not carefully planning for your assets, according to the Pauls Valley Daily Democrat article titled “Misunderstandings create traps in planning.” Nursing home care is a major expense for many who […]
When senior citizens can no longer live at home, perhaps they should consider an assisted living facility. Senior citizens sometimes do have an option available other than a nursing home when they can no longer live at home, according to the Yorktown News in “What Is an Assisted Living Facility and Is It the Right […]
Following budget cutbacks, the IRS focuses on the rich to get more bang for its buck. The trend by the IRS to switch its focus from auditing the middle class to auditing the wealthy is expected to continue in 2017, according to Private Wealth in “This Year’s Audits Are Bad News For The Rich.” The […]
Working with a specialist in estate planning, ensures that you get the best plan. When it comes to things such as health issues, legal matters and estate planning, the wisest course of action is to work with a specialist, according to the Norman Transcript in “The right attorney is needed for wills and estate planning.” […]
The Millennial generation gets a lot of attention and may not be thinking about mortality. Millennials may want to take a little time to consider mortality, as well as the need for estate plans, according to the Christian Science Monitor in “Millennials, don’t forget estate planning.” It might seem premature to discuss estate plans with […]
People need estate plans, even when they are not holding large assets. Despite the popular myth that only people with large financial holdings need estate plans, people who do not have a large estate do need an estate plan, according to Pauls Valley Daily Democrat in “More on estate planning myths.” Many of the people […]
An estate plan is more than a will and can solve many problems for you and your family. Some recent statistics point out the importance of Americans not only creating a will, but learning about the options of an estate plan, according to the AARP in “Haven’t Done A Will Yet?“. A new survey reveals […]
New Jersey case highlights the difficulties faced with some right-to-die decisions. Every state has allowed the addressing of the right-to-die issue through living wills that address the person’s views on life-prolonging treatments for the terminally ill, although in New York State, a living will, unlike a health care proxy, does not carry legal weight. While […]
