Avoiding a Family Feud When Choosing a Power of Attorney
Deciding who gets the power of attorney is an important step for parents looking to organize their estate and plan for a future without them.
Planning for the Impact of Medicaid
When a spouse enters a nursing home, the cost of care can be financially devasting. Many families are simply unable to afford long-term care, without applying for Medicaid. To qualify for Medicaid, there are limits on the resources that an applicant may have. Resources include both income and assets.
You’ve Received an Inheritance. Now What?
Are you inheriting money from a relative? Or receiving funds from a lawsuit? Or planning to be a lucky lottery winner?
Estate Planning Can Solve Problems Before They Happen
The word ‘estate’ conjures images of great wealth, which may be one of the reasons why so many people don’t develop estate plans—after all, they’re not rich, so why make the effort? In reality, however, if you have a family, you can probably benefit from estate planning, whatever your asset level.
Are Digital Assets Part of My Estate Plan?
Smart estate planning, therefore, includes addressing how to handle digital assets.
Long-Term Care Costs and Your Estate Plan
Remember that the role of an elder law attorney is to be a client-centered advocate, which is a different assignment than being a taxpayer watchdog.
Is My Dad’s Timeshare Part of His Estate?
You may hear commercials for companies that say they can get you released from a timeshare purchase and lease agreements. If your parent passes away intestate (without a will) and owned a timeshare, you may not want it.
Common Estate Planning Mistakes to Avoid
Here are a few things to avoid on your way to an appointment with a qualified estate planning attorney to discuss your own estate plan, and a couple of others to keep in mind once you get there.
Estate Planning Short-Cuts Create More Problems
My idea: put our accounts in my wife’s name and put the land in our children's names. The way I figure it, when something happens to me, they won't need to do any of that courtroom mumbo jumbo that costs a few thousand dollars. What's your take on the workaround idea?
Why is Angelina Jolie Leaving Her Total Estate to Just One of Her Kids?
Angelina Jolie has reportedly laid out the details of her estate, according to Radar Online, revealing that she plans to leave her $116 million-dollar fortune to only one of her six children, her son Maddox.