Why Should I Avoid Probate Court?
You may have heard that it's best to avoid probate court if you can. But just because people may have heard that term, doesn’t mean they know exactly what probate means, why it can be a problem, or how to…
Considerations When Deciding on an Irrevocable Life Insurance Trust
The federal estate tax exemption allowance seems to be at risk of being reduced, and so it may be a good idea to reevaluate your estate plan. Senate Democrats are proposing to lower the current estate tax exemption from $11.7…
Which Child Gets the Farm?
Imagine a pair of aging parents that have been farmers and own their farm. Now, though, they’re getting on in years and they’re considering moving into a smaller place. One of the daughters and her husband help run the farm,…
Nursing Homes Gaining Increased Protection From COVID-19 Lawsuits
Nursing homes are naturally more susceptible to disease because of the frequent movement of nursing personnel between areas and the communal environment. Before the coronavirus pandemic, a Government Accountability Office (GAO) report in 2019 found that 82 percent of the…
How Does the Probate Process Work?
The probate process involves authenticating the deceased individual’s will, assessing the assets, settling debts and taxes and oversee the allocation of the inheritance. After an asset-holder dies, the court will appoint a valid will's executor to administer the probate process.…
How to Prevent Being Scammed Online
With millions of people around the world using the internet, there is an endless number of scams being perpetrated on unsuspecting victims. Seniors and near seniors should be aware of some of the more common attacks aimed to gain access…
A Comprehensive Power of Attorney Is Critical to Be Effective
It is critical your “power of attorney” (POA) documents are clear and comprehensive for when the time comes when you are unable to handle your finances or make healthcare decisions. Beware if you rely only on POAs that hospitals provide,…
How a Will Works
A complete estate plan contains a legally binding mandate called a will, describing the distribution of assets upon death. If you die without one (intestate), the state will distribute your assets and property via state law and quite possibly at…
New App Serves as Storage for Important Information
In today’s world, a lot of our information is stored and exchanged through digital apps on our phones or tablets. Whether engaging in online banking, using a mobile plane boarding pass or creating work calendars shared in the cloud, the…
Review a Nursing Home Contract Carefully
Imagine a loved one no longer being able to care for themselves and needing to be cared for in a nursing home facility. You are stressed and anxious. The nursing home puts a twenty-page, single-spaced contract in front of you.…