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“Penny Wise and Pound Foolish” when it comes to Legal Zoom and other Document Companies
Byadmin
The Florida Supreme Court recently ruled for two nieces not included in a will drawn up by a testator on an “E-Z Legal Form.” In Aldrich v. Basile (SC11-2147), the testator Ann Aldrich used an E-Z Legal form to devise certain items she had listed on the form. The form did not include a residuary clause, which provides…
The CARE Act: Support for Maine’s Caregivers
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Caregiving from family and friends is an invaluable help, particularly for older individuals who wish to continue living in their homes. Fortunately, many Mainers support each other by assisting with the multitude of daily living tasks. According to Valuing the Invaluable: 2015 Update by the AARP Public Policy Institute, 178,000 Mainers each provide an average…
INSURANCE MATTERS
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Don’t waste the insurance you’ve already bought. Through the years, certain client problems seem to come across my desk now and again, and then not again for a long time. Recently, there seems to have been a spate of situations in which clients have lost coverage, or almost lost coverage, under insurance policies…
Gift, Estate, and Generation-Skipping Transfer Tax Update: Estate Planning in 2022 and Beyond
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The proposals in early versions of the Build Back Better Act had estate planners and American taxpayers on edge throughout 2021. While 2022 is well under way with no major legislative activity impacting gift and estate taxation, the sun continues to set on the $10 million estate tax basic exclusion amount under the temporary provisions…
Survivor Benefits Plan: Protecting Military Survivor Benefits for a Child with Disabilities
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Military families who stay in the service until retirement can easily provide survivor benefits for a child with disabilities without effect that child’s eligibility for public benefit programs. In December of 2014, the Disabled Military Child Protection Act was signed into law. Prior to the enactment of this law, a military parent had to choose…
Tips for a MaineCare Long-Term Care Application
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In Maine, the Medicaid benefit is administered by the Department of Health and Human Services (DHHS). It is called MaineCare. MaineCare helps pay for long-term care services for medically and financially eligible individuals. The MaineCare rules regarding long-term care are complex. They include: An asset limit for countable assets A five-year look-back period Transfer penalties…