Gift Tax Basics: Do I Owe Taxes When Someone Gifts Me Money?

It’s fairly unanimous that receiving a gift, especially in the form of cash, is a great feeling. You don’t have to pay anybody back, and you can do whatever your heart desires with the funds. Unfortunately, while most people agree on the joy of receiving Read More …

Estate Essentials: Are There Risks in Estate Planning?

Most people know that estate planning is the most effective way to transfer you assets to loved ones after you pass. There are many things at stake, including your loved ones financial security or even familial peace regarding the distribution of your assets, which makes Read More …

5 Questions An Attorney Will Ask When Drafting A Will

The process of planning a will is a cause of stress for many people, however it does not have to be. If you come prepared to meet with your attorney with some prior knowledge of what they may ask you, the process can go much Read More …

Senior Abuse: Top Senior Scams and How to Avoid Them

As unfortunate as it is, it is no secret that tons of financial scams exist that target the elderly population in an effort to rob them of their hard-earned money. Although awareness for these scams is now at an all-time high, thousands of people still Read More …

Elder Law Essentials: Mistakes to Avoid In Elder Planning

One of the benefits of hiring an elder law attorney to draft your estate plan is that the law is highly nuanced, and only a licensed professional will be able to ensure that you have the most comprehensive plan possible. Oftentimes, however, people opt to Read More …

Long-Term Planning: What Happens When You Turn 65?

Time gets us all, and before you know it you’ve celebrated your 65th birthday and thoughts of how you will be spending your retirement days start to cloud your mind. While it’s true that there are some important decisions that need to be made regarding Read More …

What You Should Know About Taxes in Estate Planning

Just as they do during life, taxes affect you even after death. When drafting your estate plan, you should know how taxes will affect your assets once they are passed down. Having a properly structured estate plan will ensure a peaceful transfer of assets and Read More …

The Benefits Of Non-Probate Transfers

Probate, a dirty word in estate planning, is the process where a court determines the legitimacy of your will and then decides how to properly distribute your assets based on that determination. This process can last from six months up to a year or even Read More …

Forgot to Place A Property In Your Trust? – When A Pour-Over Will Can Come in Handy

The Use Of A Pour-Over Will One of the most important things you can do to ensure a peaceful transfer of assets after your passing is to draft a proper estate plan. Unfortunately, it is not uncommon for grantors of a trust to not always Read More …

How Much Money Can A Spouse Have Before Having To Pay for An Assisted Living Facility?

As couples age, they may reach a point in time when one spouse needs to enter a nursing home while the other is still able to live independently. When the nursing home is paid for by Medicaid, there are special protections under the law given Read More …