All of us are getting older and we want to make sure that the ones we love are taken care of and have a plan. There is a lot to think about, staying ahead of the curve, and having a plan for [...]
Retiring should be easy. After all, you’ve spent a lifetime working to get to this point and so it seems only fair that you shouldn’t have to work more in order to finally retire. Unfortunately, [...]
It’s no secret that the US retirement system is in desperate need of an update. After all, according to data from the U.S. Bureau of Labor Statistics, only 56% percent of US workers participate [...]
If you’re a small business owner, you are no doubt aware that the Covid-19 pandemic is driving companies to shutter at alarming rates. A study published by the Proceedings of the National Academy [...]
In times as turbulent as these, it is understandable that you’ve been putting off any sort of conversation that might further rock the boat. After all, with politics at their divisive worst, [...]
Estate planning is a bit of a misnomer. After all, the word “estate” brings to mind vacation homes and flush investment accounts when, in truth, most estates rarely include such luxury and plans [...]
When the Covid-19 pandemic hit global proportions back in March, few anticipated that it would continue to accelerate through the end of summer and into the foreseeable future. The economic [...]
If estate planning is about handing down one’s legacy and ensuring that loved ones are cared for in perpetuity, it only makes sense that the family cottage be included. After all, second homes [...]
The Covid-19 pandemic has taught us plenty, including that the internet is essential to modern life and that many of our daily activities can be conducted digitally. Looking back, this should [...]
These days, it can be hard to count anything as certain and yet one truth that remains unchanged is that lawyers want people to use lawyers. As a lawyer, I can confirm this. And yet, that is not [...]
Few caregivers double as secret service operatives and yet that is the skillset demanded of those charged with caring for the elderly in this moment of global crisis. The novel coronavirus [...]
In urgent times it can be easy to lose sight of the value of planning, and yet it is then, more than ever, that planning matters. By most measures, the economy is headed for a recession to rival [...]
It’s pretty bad out there. By now, 2020 has exceeded the expectations of even the most embittered pessimist. In economic terms, things have rarely been worse. And yet, the storm has produced [...]
The COVID-19 crisis has sent people scrambling to get an estate plan in place. The uncertainty of this crisis has sent droves of people into the offices of estate planning attorneys across the [...]
With experts insisting on the critical importance of widespread testing in the struggle to overcome the coronavirus, many are wondering if Medicare will cover the costs. The short answer is: yes. [...]
As the COVID-19 pandemic continues to wreak havoc on our country (and the world), having a solid estate plan in place is more important than ever. It may have taken a crisis for you to realize [...]
The Coronavirus is now the world’s biggest threat—in a matter of a few days, our world has turned completely upside-down. You may have lost your job, the markets are plummeting, local [...]
Companies need to have a solid succession plan in place to ensure a long-lasting and sustainable future. Gaining confidence in the future of the company requires strategic planning, and also a [...]
The number of retirees receiving Social Security benefits is around 45.1 million as of 2019. While we all want to retire as early as possible, most working Americans are still making typical [...]
Charitable giving is an important part of many people’s lives. There are a lot of individuals who devote much time to philanthropy and supporting causes that they feel passionate about. While [...]
If you’re reading this, chances are you’re thinking about estate planning—and that means you deserve a congratulations! Why? Because you’re about to join the estimated 45% of Americans who have a [...]
Around 40 million people in the U.S. are caregivers to family members, but a quarter of those people are millennials. Millennials are defined as those born between 1981 and 1996, and many of them [...]
It’s the start of the new decade, and resolutions of all shapes and sizes are ringing loud in our ears: exercising more, eating healthier, paying down debt, learning a new language, running a [...]
An estate plan exists to care for loved ones. There is simply no other reason to go through the work of organizing your assets. After all, you won’t need them when you’re gone. Don’t blow it by [...]
When you think of estate planning, college-aged children are likely not what comes to mind—unless you’re thinking of your grandchildren, that is. Surprisingly, even young adults would benefit [...]
When you are setting up your estate plan, you probably wonder: how much money should I leave my children? What is too much or too little? What if they don’t end up using it wisely, or [...]
In this modern day, a lot of our prized possessions lie in the digital world. From the photos we take of our cherished experiences to the website domain for our businesses, from our social media [...]
Stunning as it sounds, nearly two-thirds of people in the U.S. have no estate plan of any kind. Countless more merely have a will, getting them only halfway to a complete plan…if that. Wills [...]
In order to qualify for Medicaid coverage, there are many rules and regulations for applicants, many of which incentivize applicants to spend down their assets in order to meet Medicaid [...]
If you are building your own business, likely the last thing on your mind is estate planning. After all, planning for what will happen to your business when you die is a big ask when planning for [...]
Like most things in life, the hardest part of establishing an estate plan is getting started. Once you get the ball rolling, you’ll discover that what may seem like an overwhelming task is [...]
As a grandparent, you have surely reflected on the knowledge you hope to pass on to your grandchildren. Likely, this consists of core values, family history, and, perhaps, career planning. If [...]
Despite the IRA being intended as a retirement account and not an estate planning vehicle, many individuals use it for this purpose. The stretch IRA works seamlessly in this capacity, allowing [...]
It goes without saying that growing old is hard. Not only must those entering this stage of life navigate the enormous shifts provoked by retirement, changing family roles, and the loss of [...]
As we age, our financial acuity drops by one percentage every year after we turn 60. The irony is that, as our financial acuity drops, our financial confidence actually increases. The older we [...]
If you’re reading this, chances are that you have an estate plan. Great! Most Americans haven’t devised a will or planned their estate at all, so congratulations for being prepared! However, [...]
If you’ve been pondering how to best organize your estate, you know that there is a lot to think about. Beyond designing a will, you ought to consider setting up a living trust, filing [...]
There’s a saying that failing to prepare is preparing to fail. For the wonder-eyed among us this might seem like an uptight approach to life, but in the realm of estate planning, it is sound [...]
It’s well-known that you don’t talk about religion, politics, or estate planning at the dinner table. Or, wait, was it just religion and politics? Estate planning might as well be on the list, [...]
Losing a loved one is a heart-wrenching experience. Having to deal with the associated practical matters adds anxiety at a time when your energy could be better spent elsewhere. However, if in [...]
Planning your estate early in life is always a smart idea. You never know when the worst case scenario will strike, so being prepared for it can not only give you peace of mind, but can prevent [...]
Estate planning isn’t an exciting task—it’s easy to procrastinate, or even decide you don’t need one—especially if you are single, or married without children. You wonder, Why would I need an [...]
Like most things in life, waiting until it’s too late to protect your assets will rarely work out in your favor. Sure, there are groups of people who are more likely to get sued than [...]
More than 70% of businesses won’t survive the transition from founder to second generation. Between hefty taxes and family drama, many sole proprietorships or partnerships die when the founder [...]
So, you’ve decided that 2019 is the year you’re going to get your act together and get an estate plan in place. Great! But how do you find an estate planning attorney who you can trust to give [...]
Trust us, we understand why it’s so easy to procrastinate when it comes to estate planning. Thinking about what happens after you’re gone is uncomfortable. And scary. And overwhelming. [...]
Most millennials don’t want to think about what happens after they die. Death seems improbable—or even impossible—to those in their 20s and 30s. However, unexpected tragedy can strike at any [...]
To many—or rather, to most people—estate planning feels like a monumental task. It’s overwhelming, to say the least. Not to mention, thinking about what you want to happen to your assets after [...]
We all know someone who has an estate planning horror story. A DIY estate plan that failed to meet statutory requirements and was thrown out in probate. Or a long, painful, exhausting, and [...]
Meeting Ohio’s stringent Medicaid qualifications is often very difficult. To qualify for Medicaid or Medical Assistance (MA) benefits, an individual must be either disabled or over the age of 65 [...]
Medicaid law imposes a penalty period if you transferred assets within five years of applying, but what if the transfers had nothing to do with Medicaid? It is difficult to do, but if you can [...]
Older parents are becoming more common, driven in part by changing cultural mores and advances in infertility treatment. Comedian and author Steve Martin had his first child at age 67. Singer [...]
Medicare is offering relief from penalties for certain Medicare beneficiaries who enrolled in Medicare Part A and had coverage through the individual marketplace.
With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax, which in 2017 affects only estates over $5.49 million, fewer than 1 [...]
Sometimes seniors find themselves owing past-due federal taxes they cannot afford to pay. Although notices from the IRS can be especially frightening, there are solutions.
Americans are misinformed about many aspects of Social Security, and local Social Security offices may not be helping, according to a study by the Government Accountability Office.
In a move that could be confusing to seniors who are vulnerable to scams, the IRS will begin using private debt collection agencies to collect past-due taxes.
A recent New Jersey appeals court case demonstrates how important it is for families to come up with a long-term care plan before an emergency strikes.
A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care insurance.
The Medicare program has become quite complex over the years. Running afoul of its sometimes arcane rules can be expensive, and expert guidance is almost [...]
Even if you've created an estate plan, are you sure you included everything you need to? There are certain provisions that people often forget to put in in a will or estate plan that can have [...]
All hospitals must now give Medicare recipients notice when they have not been admitted but are merely under "observation" status. The notice requirement is part of a law enacted in 2015 but [...]
When leaving a home to your children, you can avoid probate by using either joint ownership or a revocable trust, but which is the better method?
President Trump signed an executive order calling for a review of the fiduciary rule that was intended to prevent financial advisers from steering their clients to bad retirement investments.
A couple who are both age 60 and who purchase new long-term care insurance coverage can expect to pay between 6 and 9 percent more compared to a year ago according to the [...]
A new Medicare rule will promote earlier diagnosis of Alzheimer's disease. Medicare will now reimburse primary care doctors who conduct an Alzheimer's evaluation and offer information about [...]
Taxpayers with long-term care insurance policies can deduct some of their premiums from their income. Whether you can use the deduction requires comparing your medical expenses to your income [...]
Medicare Advantage plans are a popular alternative to regular Medicare because the plans often offer lower out-of-pocket costs, but buyers need to make sure they know what they are paying for.
More and more states are switching to a managed care model when dealing with Medicaid long-term care patients, a change that has resulted in a loss of services in some cases.
The beginning of a new year is a good time to take a look at your estate plan to make sure it is up to date. Less than half of people actually have any estate planning documents in place and [...]
One of President-elect’s Donald Trump's campaign promises was to repeal the Affordable Care Act, aka Obamacare, which would have implications for everyone covered by the insurance, but [...]
The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2017 income as a result of buying long-term care insurance.
After holding steady at $104.90 a month for four years, the standard Medicare Part B premium that most recipients pay will rise 4 percent to $109 a month.
Social Security benefits will rise only slightly in 2017. This follows no increase in benefits in 2016 and small increases for many of the previous years.
The one tax you may be able to avoid or minimize most through planning is the tax on capital gains. Here's what you need to know to do such planning.