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An estate can become complex when a person passes away and leaves debt. Most people have not gotten rid of their debt entirely when they pass away, according to Market Watch in “What happens to your debt when you die?“. Approximately 73% of people in the U.S. pass away while still in debt. The average […]
Thicke’s sons and their stepmother square off over correct distribution of estate. It is not unusual for children and their stepmother to get into arguments when settling an estate, but it is unusual to bring the threat of revealing information to tabloids, according to TMZ in “Alan Thicke Sons Go To War With His Wife […]
Patients getting back their memories is a challenge. Technology may be able to help patients with Alzheimer’s and other forms of dementia recover some of their memories, according to the Daily Mail in “Touching moment a virtual reality headset helps elderly people with dementia recall previous memories.” A virtual reality therapy program has been created […]
Giving to charity is often more complicated than writing a check for a donation. While you can create a charitable legacy through several different methods, donor advised funds are gaining in popularity as a good way to do so, according to the Wills, Trusts & Estates Prof Blog in “The Rise of Donor Advised Funds.” […]
The uncertainty of tax reform can make it challenging to plan. The uncertainty of proposed tax reforms moving through the Congress makes the possibility of a spousal lifetime asset trust into an attractive option, according to Wealth Management in “SLATs Provide Flexible Plans for Many Clients.” Like any other trust, SLATs do not have to […]
If you leave them a large inheritance, can they handle it? The goal of determining the correct amount of an inheritance that will help your children, yet not hinder them in creating their own careers, is a challenge, according to the Wills, Trusts & Estates Prof Blog in “New Focus for Estate Planning.” The key […]
It is difficult for the legal system and people to keep up with the rapidly changing world of technology. The legal system has not been able to keep up with the fast-paced world of technology, according to Investment News in “Most estate plans aren’t dealing with digital assets properly.” Many people today are conducting business […]
It appears that the way Americans want to pass away is rarely what actually happens. The training of medical professionals may result in different goals for them than those of their patient, according to The New York Times reports in “We’re Bad at Death. Can We Talk?“. When we get sick, doctors give us the […]
Former executive alleges that insurance companies are overcharging Medicare. A whistle-blower has charged that insurers have used the Medicare Advantage program to make billions of dollars to which they were not entitled, according to The New York Times in “A Whistle-Blower Tells of Health Insurers Bilking Medicare.” The federal government may need to do something […]
If you are considering an estate plan, you need to take a close look at a trust. Trusts are not always better than wills. However, there are at least five scenarios that put trusts out front, according to Wicked Local Norwood in “Five Ways in which a trust is better than a will.” Those reasons […]
