by admin | Nov 4, 2023 | Estate Planning, Nursing Home
Question: We attended a dinner hosted by a large estate planning firm. They got us excited about signing up for nursing home protection planning. To be safe, we sought your “second opinion.” You took a close look at our finances, saw our $1 million IRA and advised...
by admin | Oct 19, 2023 | Estate Planning
Question: What is the difference between an estate plan and a will? Why do I need one? Answer: A basic estate plan consists of a will, health care proxy, durable power of attorney and often a declaration of homestead verses a single will. Ninety-nine percent of the...
by admin | Oct 9, 2023 | Estate Planning
Question: I was adopted at a young age. I was raised by wonderful adoptive parents. Late in life, I reconnected with my biological mother. All of my parents are elderly and estate planning is being discussed. Can I inherit from my adoptive parents? By contrast, can...
by admin | Oct 3, 2023 | Estate Planning
Question: I would like to make some large cash gifts to my children, while I am alive, rather than by inheritance. What is the limit I can give each year, before paying gift tax? Answer: You can continue being generous. Assuming you have not given away millions of...
by admin | Aug 23, 2023 | Estate Planning
Question: My daughter is going to live at college in the fall. She is now 18 years old. In case of a problem, do I need anything legally to support her medically or financially? Answer: It’s that time of year again. I remember my freshman year at college. Though I was...
by admin | Jun 24, 2022 | Estate Planning
Question: When is the best time of year to focus on my estate planning? Answer: My first answer would be, the moment you think about getting a will or trust, just pick up the phone. Simply call a lawyer for an appointment. Even if it is a weekend, holiday, or evening....
