2024 Annual Gift and Estate Tax Exemption Adjustments
With the arrival of the new year, revisions to the annual gift tax and estate tax exclusions will be going into effect, as recently announced by the Internal Revenue Service.
14 Essential Questions to Ask Aging Parents This Holiday
With multiple generations getting together for holiday meals, gift exchanges and quality time, these annual gatherings present an opportunity to broach sensitive but important topics with your aging loved ones.
6 Ways the Sandwich Generation Can Plan for The Future
Many couples in their 30s and 40s are providing for their families and balancing care duties between the needs of children and parents. Managing it all takes preparation, organization, and communication.
What Does Incapacitated Mean in Elder Law & Estate Planning?
Someone who is incapacitated cannot make personal decisions or understand legal documents. An incapacitated person requires a surrogate decision-maker, such as an agent under a health care power of attorney or a guardian.
What Are the Drawbacks of Naming Beneficiaries?
Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions.
Lady Bird Deeds: A Different Kind of Life Estate
If you are a property holder, you may use a Lady Bird Deed to transfer real property to a specific beneficiary while retaining certain rights to the property.
Will Your Power of Attorney Work When You Need It?
As a specialist in the field of Elder Law, I have reviewed countless estate planning documents that did not fulfill the maker’s wishes. In my experience, however, the document that causes the most damage in times of crisis is the poorly-written financial Power of Attorney. A financial Power of Attorney allows you to appoint a […]
Decluttering Is the New Estate Planning
If you have been meaning to declutter your house but have struggled to find the motivation, maybe it is because the usual arguments in favor of ridding your house of clutter do not resonate with you. You are not planning to move or renovate your house, and going through the boxes and the spare bedroom and deciding which knick-knacks to throw away sounds like the opposite of joy. Did you know that decluttering can be an important part of estate planning? Indeed, decluttering now while you are healthy might go as far toward preventing conflict and stress among your family members as your will or living trust.
Understanding Ancillary Probate: What Happens When You Own Property in Different States
For many people, Florida is a second home. They may only live here part of the year while still maintaining owning a home or real property in another state.
Four Ways to Stay Connected With Friends and Family in the COVID Era
The coronavirus pandemic has forced many of us to make drastic changes to our lives, including how we visit our friends and loved ones.
