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What is Long-Term Care? Why Should We Plan for It?
Byadmin
I am often asked why we should worry about planning for long-term care. It is a good question. I think before we can talk about why we should talk about what. What is long-term care? We hear that phrase all over the place. What does it actually mean? Long-term care happens in that phase of life…
Does All Property Go Through Probate?
Byadmin
The purpose of a Last Will and Testament is to control the distribution of property in your probate estate after your death. But what property makes up your probate estate? Not all of it! Anything that is not part of your probate estate is not controlled by your Will and therefore will not be distributed…
What to Do with Stimulus Checks Received by Estates
Byadmin
You may have been seeing, reading, or hearing on your favorite source of media that stimulus checks are being delivered to some of our deceased relatives. Can the estate keep it? Personal Representatives of estates have been asking what to do if they receive a direct deposit or a check in the mail with this…
Estate Planning and Elder Law: Tax Planning in 2018
Byadmin
On December 22, 2017, the President signed into law the Tax Cuts and Jobs Act. The changes to the Internal Revenue Code impact virtually every individual and business and are generally effective in 2018. Estate and Gift Tax The federal gift, estate, and generation-skipping tax credits will shelter gifts and estates up to $11.2 million…
