How Do I Protect Property If I Need Long-Term Care?

April 30, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning, Life Insurance, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

Did you know that 70% of adults over the age of 65 are predicted to need some type of long-term care for an average length of three years? While thinking about your future, you’ve likely already planned financially, but have you considered your long-term care options?

Retirement Planning and Declining Abilities

April 29, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning, Guardianship, Life Insurance, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

When a loved one is experiencing cognitive decline, emotional and medical considerations often overshadow the financial planning that needs to happen. This is a potentially costly mistake.

How Can I Be a Good Caregiver?

April 28, 2020
Bill O’Leary, Esq.
Elder Law, Estate Planning, Guardianship, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

Not everyone can afford to hire an in-home nurse or professional caregiver. Today, there are around 45.3 million unpaid, non-professional caregivers in the United States taking care of a loved one.

A Good Move to Make during the Pandemic

April 27, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Elder Law, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

The COVID-19 crisis isn't just costing Americans their freedom and jobs; it's also forcing millions to contemplate their own mortality.

Finalizing Estate Planning Documents while Social Distancing

April 23, 2020
Bill O’Leary, Esq.
Elder Law, Estate Planning, Power of Attorney

Besides seeking to draft or alter wills and trusts, many clients were changing trustees, executors and the agents they assigned to oversee their finances and health care, if they were unable to make decisions themselves.

Do I Really Need a Health Care Proxy?

April 23, 2020
Bill O’Leary, Esq.
Elder Law, Estate Planning, Long-Term Care Planning, Power of Attorney

An Advance Directive/Living Will is that type of document. It provides authorization for the termination of life support. It is a document that only you can sign – you cannot delegate the power to make that decision.

C19 UPDATE: Coronavirus Got You Thinking About a Will? That Might Not Be Enough.

April 22, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

Amid the climate of uncertainty surrounding the coronavirus pandemic that is sweeping the nation, people are grappling with the difficult subject of estate planning … and not taking any chances.

Do I Need to Be Wealthy to Set Up a Trust?

April 22, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Elder Law, Estate Planning, Life Insurance, Power of Attorney, Probate and Estate/Trust Administration

If you've heard of trust funds but don't know what they are or how they work, you're not alone. Many people know just one key fact about trust funds: they're set up by the ultra-wealthy as a way to protect passing on significant sums of money to family, friends or entities (charities, for example) after they pass away.

Massive Changes to RMDs from Stimulus Plan

April 20, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning

Here are the highlights of the most recent tax changes found in the $2 trillion coronavirus relief bill, which the Senate has approved, and the House recently passed.

COVID-19 Raises Fears of Health Care Rationing, Disability Discrimination

April 19, 2020
Bill O’Leary, Esq.
Elder Law, Estate Planning, Special Needs Planning

COVID-19 Raises Fears of Health Care Rationing, Disability Discrimination As hospitals around the country brace for an expected surge of patients infected with the COVID-19 coronavirus, fears have been raised that health care providers will begin rationing treatment, with lethal…