Blog
When it comes to IRAs most couples name each other the beneficiary and the remaining spouse creates a spousal rollover. If the surviving spouse is incapacitated by an ailment such as dementia, complications can arise. What happens when end-of-life affairs are set up for a couple and one member later becomes incompetent? The potential problem […]
A new bill introduced in the Senate aims at eliminating some of the wait time for an appeal to a denied Medicare claim. An appeal to a denied Medicare claim now takes approximately 547 days, according to a McKnight’s article titled “Bill would speed up Medicare claims appeal process. It was only 94 days in […]
There is an issue of U.S. property seized in Cuba more than a half century ago that may slow the attempted reconciliation with Cuba recently announced by President Obama. Despite the fact that American companies are already making plans to do business on the island, the project could be put on hold for a while. […]
Many websites now exist where an estate plan can be stored online, but a word of caution on storing a valuable plan in the cloud. A new trend in the world of estate planning was reported in a recent article in U.S. News and World Report, “Passwords and Powers of Attorney: Your Digital Estate Planning […]
The rules that allow first party special needs trusts to protect assets while receiving assistance from the government are being tightened. First party special needs trusts are established by a parent, grandparent, guardian or by court order for the sole benefit of a person with special needs. The assets of the person with special needs […]
For more than half a century after the attack on Pearl Harbor the remains from many of the victims of the attack were difficult if not impossible to identify. Many families of the victims of the attack on Pearl Harbor did not receive the remains of their loved ones to bury. By the time the […]
A no contest clause is sometimes included in an estate plan when people do not want their relatives to challenge the wills and trusts. A trustee could be charged with abuse if they act in bad faith as demonstrated in a recent Virginia case. Estate planning can be difficult when blended families are involved and […]
The competency of Sumner Redstone, who owns a controlling interest in both Viacom and CBS, is being questioned as an ex-girlfriend files an application in probate court to have him declared incompetent. There is considerable disagreement on whether the ex-girlfriend of 92-year-old Sumner Redstone is after his money or out to help her long-time companion […]
Most people will find they need some help in wisely handling a sizeable inheritance to put it to good use and to make it last. It can be the best of times and it can be the worst of times should a large inheritance come your way. It would most likely be a life-changing event […]
Children should always be required to provide for the care of elder parents or so it seems. That may not turn out to be fair in some instances. Every state requires a legal obligation of parents that they care for their offspring but some states take it to the next level and require the children […]
