Estate Planning Articles
Estate Administration: Know What to Do When a Loved One Dies
When someone you love passes away, the last thing you want to think about is locating legal documents and handling financial matters. Use these steps to make the probate process as simple as possible.45 Comments
How to Prepare a Letter of Instruction for End-of-Life Wishes
A letter of instruction acts as a comprehensive guide to end-of-life matters for surviving family members. Learn what kinds of personal, financial and funeral planning information to include in this document and how often it should be updated.0 Comments
10 Things You Should Know About Your Parent's Finances
Would you know what to do if you suddenly had to take over managing money and paying bills for your parent? Here are 10 things you need to know before assuming this responsibility.40 Comments
Exercise Caution when Considering a Life Estate Deed
Some individuals may consider transferring property to a trusted family member as a part of their estate plan or Medicaid planning. However, there are a few different scenarios to consider before opting for such a strategy to ensure you do not lose the property altogether.3 Comments
Estate Tax Q and A for Family Caregivers
Taxes are an important element to consider when engaging in estate planning. Discover the answers to 5 key estate tax questions.2 Comments
Married Couples Should Update Their Will to Avoid Medicaid Misery
This path of inheritance is the normal distribution under many states' "intestacy statute" (the law setting forth the distribution of the property of a decedent with no will).1 Comment
What is a Trust?
Details for caregivers on trusts, including definition of a trust, types of trusts and how to set up a trust.4 Comments
When mom dies, how can I avoid her estate going into probate?
Your mother's estate may not be subject to will or probate. You can do whatever you want once the estate has been administrated.12 Comments
Inheriting an IRA Can Be Taxing
Inheriting an Individual Retirement Account (IRA) has certain tax implications. Understand your options to avoid costly mistakes.4 Comments
Building Your Retirement Planning Team
Assemble a winning team of professionals to help you manage your finances and plan for the future. Make sure these three experts are in your lineup for long-term success.0 Comments
How to Find Out if a Loved One Had a Will
Family members are often stumped when it comes to locating a loved one’s will after they have passed away. Use these tips to locate this legal document so you can begin the probate process.0 Comments
Capital Gains Tax and Estate Planning
Capital gains taxes play an important role in careful estate planning and the probate process. Knowing the specific rules for these taxes and any potential changes to them will help you and your family plan effectively.0 Comments
Medicaid vs. Inheritance
Inheritance and bequests are usually wonderful gifts, but for a beneficiary on Medicaid, these funds can jeopardize their eligibility for benefits.19 Comments
Can You Cancel a Will?
People and families change, but tearing it up and starting over is not the best option. Consult with an attorney to ensure your wishes are followed.8 Comments
Why Your Parents' Finances Are Your Business
Speaking with your parents about their legal and financial future isn't an easy thing to do. However, a bit of planning and straightforward conversation can help the entire family avoid unnecessary complications during trying times.0 Comments
Death and Taxes: The Tax Effects of an Elder’s Passing
Learn the basics of filing a final tax return for a recently deceased loved one.11 Comments
Medicaid Estate Recovery: Long-Term Care Benefits Aren’t Necessarily “Free”
The goal of the Medicaid Estate Recovery Program (MERP) is to recoup all the money that Medicaid spent on a beneficiary’s care. Learn what families can do to minimize the impact of the recovery process.89 Comments
Ethical Wills Lend Clarity to Caregivers and Serenity to Seniors
An ethical will, also known as a legacy letter, is a way to record and pass on your values, beliefs, faith, life lessons, love and forgiveness. For many of us, this is as close as we will ever get to being able to discern the wishes and whims of our predecessors.1 Comment
What is a Will and Why Should Every Senior Have One?
A will is a legal document that indicates how you want your assets to be distributed upon death. Here is more information on what a will contains and how to write a will.7 Comments
Mom recently moved to a nursing home. Is it too early to give her possessions to the family?
Giving your mother’s belongings to others in the family after she goes into a nursing home is a kind and loving gesture.20 Comments