Year: 2019
“More than likely, most people may not want to envision a time spent in court, arguing with siblings and other family members, or fighting with financial institutions and health providers to uphold end-of-life wishes and the management of personal assets. The problems aren’t always evident when the first parent passes. Often, it’s when the second […]
“Does a Power of Attorney ever lapse? What happens if I change my mind and want to take the Power of Attorney back? Can the Power of Attorney refuse to return the authority?” These are all good questions, as Powers of Attorney (POA) are some of the most commonly used estate planning documents and they […]
“Springfield, Mass. is known as the “City of Firsts.” It is called the “Birthplace of Basketball” and is home of the first gas-powered car.” This summer, Springfield, Massachusetts became the first place to receive three marks of “age-friendliness,” as designated by a global initiative of the World Health Organization. This town in western Massachusetts, with […]
“When the first spouse dies, the surviving spouse may not remain as close with his or her stepchildren. Small irritations which were overlooked during the lifetime of the spouse who died, may become outright disputes.” Estate planning for blended families is like playing chess in three dimensions: even those who are very good at chess […]
“Retirees preparing to file their taxes for this year should be aware of a number of common pitfalls, often-overlooked deductions and changes that stem from the tax overhaul two years ago.” Did you know that there is a new federal income-tax form for seniors designed to make filing taxes easier this year, especially for those […]
“All it takes is one accident or medical emergency while out-of-state in Arizona or Florida this winter, for powers of attorney and living wills to pay for themselves.” Before snowbirds begin their seasonal journey to warmer climates, it’s time to be sure that they have the important legal documents in place, advises LimaOhio.com in a […]
“Congratulations! Your retirement planning paid off. You built a $1 million retirement nest egg. How long will $1 million last in retirement?” For most retirees, the goal is simple: don’t run out of money. That’s the worry that plagues most Americans—61% of them, according to a survey from Allianz Life. How do you keep that […]
“Last wills and testaments, which were invented centuries ago, are the most famous estate-planning documents.” Everyone knows what a last will and testament is. However, a will is not always the best way to distribute your assets, explains the Times Herald-Record in the article “Living trusts are better choice than wills“. Most people think that […]
“Relocating for retirement and trimming the budget line for taxes are among the many tasks preretirees and retirees have on their to-do lists.” There are states where taxes are lower than others. However, if you plan to move to a state that has low tax rates or tax breaks designed to help older residents, make […]
“We have money in savings and retirement accounts, but our most valuable asset is our home. We want to leave our property to our two children equally.” Treating everyone equally in estate planning can get complicated, even with the best of intentions. What if a family wants to leave their home to their daughter, who […]
