Once you reach the age of 67, your life expectancy is 85 years if you are a man, and it is 87 years for a woman. You become eligible for your full Social Security benefit when you are between 66 and 67 depending on your birth year, so these numbers paint a compelling picture. If […]
Occasionally, those who are not Estate Planning attorneys will attempt to do their own Estate Planning. Perhaps they’ll go online and get a document to use. Unfortunately, Estate Planning is about far more than a cookie-cutter document. Read on to learn more.
A simple will is the most commonly used estate planning document, and there are specific steps that must be taken to execute a valid will. In order to create a will that will stand up under legal scrutiny, you must be at least 18 years old, and you have to be fully competent. The will […]
As elder law attorneys, we speak to a lot of senior citizens that want to learn about the legal matters that they should be concerned about. In some cases, clients come to us after problems have arisen, and it can be difficult to mitigate the damage at that point. Information is the key to a […]
There’s a way to make a charitable gift and yet be able to influence where it goes and how it’s invested. This can be very handy if you want to time your charitable giving for income tax reasons. Read on to learn more.
The first estate plan that you establish will reflect the circumstances of your life at that moment, but over the years, things will invariably change. With this in mind, you should view estate planning as an ongoing process from the start so you can keep your plan up-to-date at all times. Natural Progression You should […]
As you might expect, millennials are largely unprepared from an estate planning perspective. According to a survey that was conducted by Caring.com, less than 30 percent of people between the ages of 25 and 40 have estate plans in place. A lot of people would shrug their shoulders and say that it doesn’t matter because […]
There are many parts to an Estate Plan. The Revocable Trust is just one part. It’s important to coordinate the various parts of the Estate Plan. Read on to learn more.
People often harbor misconceptions about estate planning. This is one of the reasons why it is very important to discuss your options with a licensed attorney from our firm. Unfortunately, many people make assumptions, and the results of their poor decisions are less than ideal. This often enters the picture when it comes to the […]
This is the second in a two-part series on Roth IRAs. The first part reviewed the basics of Roth IRAs. Read on to learn more.