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Everything Is Not Always Bad for Estates

May 26th, 2016

Most of the news that people hear or read about estate plans, trusts, wills and probate is negative. In reality most of the time outcomes are positive. Over the years, much has been said and written regarding the tendency of media to focus on negativ… Read More

Categories: Elder Law, Estate Planning, Will

Tags: estate planning, Trusts, Wills

Frank Zappa's Family Argues over Music and Trust

May 17th, 2016

In the first decade after the death of musician Frank Zappa his estate plan appeared to have worked smoothly. More recently, however, issues have arisen that have Zappa's children fighting between themselves. After Frank Zappa passed away in 199… Read More

Tags: estate planning, trust, Trustee

How Much Are Nursing Home Costs Rising?

May 12th, 2016

The cost of nursing home care continues to rise. Seniors should plan for continued increases. A new study released by the Lincoln Financial Group reveals that on average the cost of semi-private and private nursing home care in the U.S. increased by… Read More

Tags: Elder Law, estate planning, Nursing Home Costs

Family Business Succession

May 9th, 2016

Most family owned businesses fail after the founder passes away. Good planning can prevent yours from being one of them. Sometimes family business operators are aware that after they pass away their businesses will not remain under family control or… Read More

Tags: estate planning, Succession Planning

Little Things Matter in Estate Planning

May 2nd, 2016

People often think that estate planning is only about deciding who gets big ticket items, such as a house, a car and a stock portfolio. However, the little items of personal property can be just as important. A typical will often goes into great deta… Read More

Tags: estate planning, will

Special Needs Estate Planning

April 15th, 2016

Families with members who have special needs that require continuing care have some estate planning options to make sure that care is provided fairly. When an adult child has special needs that require the help and support of parents it is important… Read More

Tags: estate planning, Special Needs, Supplemental Needs Trust

It Is Important to Designate a Contingent Beneficiary for Your IRA

April 12th, 2016

A recent IRS private letter ruling highlights why it is important to designate a contingent beneficiary for your IRA in case the primary beneficiary predeceases you. Individual retirement accounts are an important part of many estate plans. By design… Read More

Tags: Beneficiary, estate planning, IRA, IRS

Same-Sex Couples May Still Have Special Estate Planning Needs

April 7th, 2016

Despite the Supreme Court's decision to legalize same-sex marriage in the U.S., many older same-sex couples still face challenges and need special estate planning. The decision by the Supreme Court to legalize same-sex marriage throughout the U.… Read More

Tags: estate planning, law, marriage, power of attorney, same-sex marriage, trust, weddings, will

Women Live Longer than Men but Not Healthier

April 4th, 2016

A new study reveals that women can still expect to live longer than men on average. However, women suffer from more disabilities in those extra years. For some time, estate planning for older married couples has been based in part on the assumption t… Read More

Tags: Elder Law, estate planning

Splitting a Farm to Keep It in the Family

April 1st, 2016

Farmers who have more than one child have an estate planning dilemma. The most valuable property that they have is almost always the land and the farm equipment. If all of the children are not interested in farming, it can be difficult to give them a… Read More

Tags: estate planning, Farms, succession

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