Usually, when we think of annuities, we think of a deferred annuity or an investment type annuity. An investment annuity is like a combination of an investment and insurance policy. The annuity can be invested in many different kinds of investments, and the investor...
Estate Planning
Preparing for the unexpected with your estate plan
Many people may associate estate planning with end-of-life issues. However, you can use estate planning tools to make sure your wishes do not go unheeded if you are disabled, for example by a car accident or an unexpected health complication. You can let people know...
When should you start Medicaid planning?
Even if you are healthy and active right now, you may eventually lose some of your faculties because of illness, injury or old age. If so, you may choose to move into a nursing home to receive the care you need. Unfortunately, though, nursing homes can be almost...
ESTATE PLANNING AND ELDER LAW QUIZ. True or false:
1. I own everything jointly with my spouse, so we don't need wills. FALSE. Especially on the death the second spouse to pass away, when there’s no surviving spouse to inherit, a Will would be helpful or even necessary to direct your estate to those who should inherit....
What are the primary advantages of trusts?
When you want to create a secure legal arrangement for property during your lifetime or leave a legacy behind for your loved ones, you may choose to do so using any number of different methods. The manner in which you arrange your assets now or leave them behind later...
Will My Estate Be Affected By the SECURE Act?
In May of 2019, The U.S. House of Representatives passed a bill called the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The bill will now go to the Senate where it will be further debated. If the bill does eventually become law, it would have...
Congress is changing the rules for IRAs
In May, the House of Representatives approved the “Secure Act”, a bill intended to “reform” 401(k) and IRA rules. The Senate is now considering its version of these reforms. This legislation, if enacted into law, will change the way IRA and other retirement plan...
Not the “Register of Wills” Anymore!
Some areas of law change faster than others. Imagine the pace of change in laws regarding technology, the Internet, and the like! Although laws concerning Wills, Estates, Executors, Administrators and estate administration may change more slowly, there are changes...