Estate planning involves many types of trusts; irrevocable and revocable trusts are the most common. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last will…
In addition to self-monitoring medical devices, telehealth, and smart homes, the internet of things and technological advancements enable many older Americans to stay in their homes longer and live more safely. Elder law and at-home medical technology uses can intersect…
A number of tax provisions have been incorporated into the Inflation Reduction Act (IRA) which went into effect in August 2022, along with the SECURE 2.0 Act which went into effect in December 2022. Lower-income household tax code changes will…
The manner in which a home and other types of real property are titled deserves careful consideration. Real estate constitutes the land and any structure, including vegetation, livestock, crops, and other natural resources that sit on the land under the…
Estate planning involves many types of trusts; irrevocable and revocable trusts are the most common. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last will…
Special needs trusts and ABLE accounts both allow people with disabilities to save money while protecting their eligibility for public benefits. Each has its merits, and it’s possible to maintain both account types. Special needs trust (SNT) There are various…
There are astronomical costs associated with nursing home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet if…
Your estate planning documents should be reviewed periodically, particularly after big life changes such as marriages, births, divorces, and moving to a new state. Children grow up, marriages dissolve, property gets sold, and residences change. That’s why we recommend that…
It’s unpleasant to think that a traumatic event or a chronic illness might incapacitate you. People are unfortunately affected by this every day. With this knowledge, many people like to prepare in advance for the kind of treatment they want…
Though probate has a negative reputation, thoughtful estate planning can often prevent or minimize the need for it. In reality, most heirs will have to navigate the probate process to some degree after losing a loved one. Understanding what probate…
