C19 UPDATE: Small Businesses Hurt by COVID-19 May Qualify for SBA Disaster Relief Loans

March 25, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Elder Law, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

The U.S. Small Business Administration (SBA) is offering up to $2 million in Economic Injury Disaster Loans for small businesses impacted by the coronavirus, in addition to a resource page detailing eligibility and how to apply.

Ozzy Osbourne and Sharon Osbourne Have an Estate Plan

March 23, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning, Guardianship, Power of Attorney, Probate and Estate/Trust Administration

Ozzy Osbourne and Sharon Osbourne plan to pass on their significant fortune to future generations of their family.

Can I Appeal More Expensive Medicare Premiums?

March 18, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning, Power of Attorney

About 4.3 million Medicare beneficiaries are subject to so-called income-related monthly adjustment amounts, due to law changes over the years that have required higher-earners to pay more.

How Does the Death of Prince’s Brother Impact the Late Rock Star’s Estate?

March 17, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

The death of Prince’s brother Alfred Jackson, along with his contested will, are raising new questions in the endlessly complicated efforts to settle the legendary musician’s estate, including whether a California man with a reputation for cozying up to celebrities will end up with one-sixth of Prince’s riches.

What are the Penalty-Free IRA Withdrawals?

March 12, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning

The contributions you make to your individual retirement account (IRA) are intended to supplement your income during your retirement years. However, as much as you'd like to let your IRAs remain untouched until retirement, unforeseen expenses may force you to withdraw some of those assets early.

The Financial Legacy of Walt Disney’s Heirs and the Role of Trusts

March 11, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning, Guardianship, Power of Attorney

The Walt Disney Company has come a long way since it was founded by brothers Walt and Roy O. Disney nearly a century ago. What began as a cartoon studio is now a media powerhouse, complete with amusement parks and properties.

How Bad Can a Do-It-Yourself Estate Plan Be? Very!

March 10, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning, Life Insurance, Power of Attorney, Probate and Estate/Trust Administration

One Justice from the Florida Supreme Court commented that the expensive litigation far outweighed any savings resulting from the pre-printed form.

The Latest on Kirk Douglas’ Estate

March 9, 2020
Bill O’Leary, Esq.
Advanced Directives, Asset Protection, Business Planning, Elder Law, Estate Planning, Long-Term Care Planning, Probate and Estate/Trust Administration

Old Hollywood didn’t pay stars well by modern standards, but Kirk had the wisdom to own his most iconic films and pour the profit into property. Soon philanthropy will force tough choices. The death of any giant produces shockwaves. Where Kirk Douglas is concerned, those ripples reveal how much the entertainment landscape changed in his lifetime and how much the numbers have grown.

Am I Better Off Investing Earlier in My IRA?

March 6, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning

If you’re under age 50, you can contribute up to $6,000 across one or more IRAs for tax year 2020. If you’re age 50 or older, the limit is slightly higher ($7,000).

An Introduction to ABLE Accounts

March 3, 2020
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Special Needs, Special Needs Planning, Special Needs Trust

An Introduction to ABLE Accounts When Congress passed the Achieving a Better Life Experience (ABLE) Act in 2014, it was a game-changer for families with special needs. For the first time there was a tax-advantaged way to put money aside for…