There are good ways and bad ways to give to charities. It often depends on the charity. People often decide to leave some or all of their assets to charity. However, the best way to find out how to give to any specific charity is to talk to that charity, according to Mountain Xpress...
Joint ownership means you don't have to go through probate. However, the risks are high—very high. A parent will sometimes decide to add a child to the deed to their home and that means an equal share. It also means that if the child has creditors, they can seek to make claims against t...
If you don't have an estate plan but do have minor children, it can become complicated. Most parents would choose to have their estate pass to their children, if they do not have a formal estate plan. However, if those children are minor, some challenges can arise, according to My San Antonio...
Some parents want to give everything to their children right now … but wait! Unless you have an estate plan, before your children can inherit the estate it must to go through the probate process. That can be both expensive and time-consuming.
May is National Elder Law Month. No elderly person should have to suffer from abuse of any kind. Now is a good time for the elderly to get informed about their legal options for all sorts of things, according to News 4 San Antonio...
If your spouse has assets, it is likely that Medicare will take them into consideration. Medicaid is likely to ignore any spousal agreements and consider the assets of each spouse when determining eligibility, according to My San Antonio in "Protecting separate assets from Medicaid."
Digital assets need to be protected now. However, they also need to be made available later. Protecting your digital assets before you pass away and making them available later, can create some conflicts. There are three basic complications, when it comes to planning for someone else to acc...
It may be wise to set up some review time for your estate plan, as life goes on. There are actually a few common things that can happen in your life that have an impact on your estate plan and they can be listed, according to the Huntsville Item in "When should you review your will?"
Conversations between family generations can be helpful in determining needs. Younger family members often end up helping their elderly loved ones, who may face the problems of aging. However, if the younger people do not know what to do and what the elderly person wants done...
Most states are not doing enough to fight crimes against the increasing elderly population. A few states have state level investigative units dedicated to fighting elder financial abuse. However, that may not be enough, according to the Brookings Register...
Many elderly retirees have forgotten about retirement accounts that accumulated in their younger years. There are many Americans who have a retirement account through an old employer, but they have forgotten about them. It is important to remember that when you leave a job that had a 401(k) ...
You have been making plans your entire life and it is likely there are a few more during retirement. Americans have generally been making plans their entire lives and those in retirement need to make plans, even though those plans are some of the least comfortable plans for people at any age...
Individual circumstances determine the best type of trust to fit your unique circumstances. Much of the confusion over trusts, is a result of some impressive sounding names that do not actually describe what the trust accomplishes. Therefore, deciding on which type of trust is the best...
Flexibility can lead to the creation of a better legacy than anticipated. When people go to an estate planning attorney, they sometimes already have a good idea regarding what they want to accomplish with their estate plans. That is often a good thing.
Myths are spread from person to person and by the Internet. Correcting the myths, isn't an easy task. The world of the will and the trust has created some basic estate planning myths through the years. However, they can be corrected...
People do inherit from a long, lost relative. However, it isn't all that often. If you should inherit money from a long, lost relative, someone administering the estate will contact heirs and let you know. This always comes as a very welcome surprise for the heirs.
Knowing how to handle cryptocurrencies in estate planning can be a challenge. The very nature of how the increasingly popular cryptocurrencies are held by their owners creates issues in estate planning, according to the New Jersey Law Journal...
The use of of beneficiary designations is gaining in popularity. However, problems can develop. Beneficiary designation forms can be an easy way to quickly distribute many financial assets to heirs. However, complications may lurk behind the apparent simplicity, according to Wealth Management...
If it is not updated, your plan may well become a bad plan. It doesn't matter if it is life or your business that changes when it comes to estate planning. When key parts of your life change, the environment needs a fresh look, according to the Herald News in "Revisiting Your Plan."
You have your own ideas on what should happen if you are incapacitated. However, your loved ones could have other ideas. What happens if you do not have a living will? For example, if you are in an accident and decisions need to be made about your medical care, your family might not hav...
Life can get in the way of an estate plan, if the changes are not taken into consideration. Basic and all too frequent problems can arise, if people do not match the changes in their lives to their estate plans, according to the Wicked Local Dedham...
If business is in the estate plan, there is a better chance it will survive. If you have worked for years to build your business, it is likely to close, if a plan for it to continue is not included in your estate plan, according to the Savannah Morning News...
The choice of a nursing home is crucial and how is one assured of high quality care? Recently, some researchers looked at the quality of care that traditional Medicare enrollees receive versus Medicare Advantage enrollees, according to Elder Law Answers...
Staying out of a facility in the senior years, needs careful consideration. More people can live at home rather than a facility for longer than ever before. However, seniors need to make the appropriate plans, according to a doctor in a recent article in The Roanoke Times...
Pennsylvania considers barring felons from obtaining guardianship of an elderly person. Many states have guardianship laws that sometimes prove to be ineffective in protecting the elderly from abuse. Therefore, state legislatures are looking closely at guardianship laws, according to the Re...
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