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Is Assisted Suicide Legal in Tennessee?

Posted by Nina Whitehurst | Jul 30, 2020 | 0 Comments

Occasionally we are asked whether assisted suicide is allowed in Tennessee. It is a fair question, because "helping" someone to take his or her own life IS considered murder in every state, absent a statute to the contrary. There are only a handful of states that have statutes that allow assisted suicide. As of this writing (July 30, 2020) those states are Washington, Oregon, California, Colorado, Maine, Vermont, and New Jersey.

How Secure Is Social Security?

Posted by Nina Whitehurst | Jul 29, 2020 | 0 Comments

For years people have been worried about Social Security’s future, but what is the actual outlook? According to the federal government, unless Congress acts to intervene, Social Security shortfalls are expected beginning in 2035

Unique Planning Opportunity for Disabled or Chronically Ill Beneficiaries

Posted by Nina Whitehurst | Jul 16, 2020 | 0 Comments

Under the new rules of the SECURE Act, one category of individuals who are still entitled to the financial benefit of stretching distributions from the account over their life expectancy include beneficiaries of the retirement account who are disabled or chronically ill. This is a huge benefit and advantage for those disabled or chronically ill beneficiaries, possibly over other beneficiaries you may have.

DIY Estate Planning Mistake #16: How to Help an Elderly Parent Manage Credit Card Account the Right Way

Posted by Nina Whitehurst | Jul 13, 2020 | 0 Comments

Just like it is a bad idea to add yourself (you being the adult child, friend or other helper) to the elder's bank accounts as a co-owner, it is a bad idea to add yourself to the elder's credit card accounts as an "authorized user". That method "works", but there's a downside, which is the elder's credit card account will now appear on YOUR credit report. If they have a high balance compared to the available credit, or just a high balance in general, or a poor payment history, these things could negatively affect YOUR credit score.

Biden’s Income and Estate Tax Rates

Posted by Nina Whitehurst | Jul 06, 2020 | 1 Comment

I always tell clients to plan for today but be prepared to make changes as circumstances change. If Joe Biden is elected as our next President (2020 election), clients of estate planning attorneys across the country will have a lot of unfavorable changes to accommodate. The changes will almost certainly have a detrimental impact on capital investment in the US.

Medicaid Protections for the Healthy Spouse

Posted by Nina Whitehurst | Jun 03, 2020 | 0 Comments

Medicaid law provides special protections for the spouses of Medicaid applicants to make sure the spouses have the minimum support needed to continue to live in the community while their husband or wife is receiving long-term care benefits, usually in a nursing home.

DIY Estate Planning Mistake #15: Deed in Safety Deposit Box

Posted by Nina Whitehurst | May 18, 2020 | 0 Comments

Some do-it-yourselfers have tried to transfer real property to another person, to be effective at death, by signing and acknowledging an actual deed but then hide the deed in a desk drawer or safety deposit box to be found when the grantor dies, expecting that the grantee can then take the deed to the recorder's or register of deeds office and record it. This technique does not work . . .

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