Is Transferring House to Children a Good Idea?
December 8, 2020
Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn’t.
How Do You Stop Family Fights Over an Inheritance?
December 7, 2020
After a loved one passes, one of the biggest hurdles families face is passing wealth onto the next generation. Unfortunately, family dynamics can spur conflict and infighting among descendants.
Is a Tax Change a Good Time to Check My Will?
December 3, 2020
Changes in tax laws could be affecting—and outdating—your clients’ wills and bequeathing plans.
How Does Court Choose an Executor if a Will Isn’t Available?
December 2, 2020
An essential part of estate planning is selecting someone to represent you after your death in the management of your estate. This personal representative is also known as an executor, or executrix, if you choose a woman as your personal representative.
Homeownership and Medicaid Can Be Problem
December 1, 2020
Many people work hard to acquire real estate and then later find that that real estate makes them ineligible for Medicaid to help pay for nursing home or in-home, long-term care.
Does My Business Need a Power of Attorney?
November 30, 2020
As a business person you may have seen the term “durable power of attorney” in several situations. Power of attorney is a strange term because it’s not immediately clear what powers an attorney for the business may have.
Does Pandemic have an Impact on Financial Powers Of Attorney?
November 25, 2020
We have all seen the heartbreaking stories about people dying in hospitals from Covid-19 without family present. We’ve also heard about the tragic decisions healthcare workers must make when time and resources are spread thin. Compounding these sad situations is that often the person who can speak for the individual suffering from Covid-19 is not present because of hospital procedures designed to prevent contagion.
What Do I Do If Property I Just Inherited Has a Mortgage?
November 20, 2020
What happens if you inherit your loved one’s home? What if they still have payments to make on their mortgage? We’ll explore these and other questions you may have below.
Should I Delay in Claiming Social Security?
November 19, 2020
It’s just so tempting — even if they know delaying until they’re 70 will get them a bigger monthly payment for the rest of their life.
Despite Pandemic, Many Still Don’t Have an Estate Plan
November 18, 2020
The Covid-19 has produced a rise in estate planning…but not a large enough one. Most Americans still do not have a last will and testament.