In 2023, there will be the highest (COLA) in decades and a reduction in Medicare Part B premiums. It is being touted as a win for the American people. According to the Social Security Administration, there will be an 8.7…
When properly prepared, a will outlines who inherits your assets and property after you die. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution, your executor makes a public notice of…
When you die without a plan, your estate's financial future and legacy to your loved ones rely on the courts to administer your state's intestacy laws. Dying without an estate plan or a basic will creates confusion, work, and heartache…
In spite of its expense and complexity, probate is a standard legal procedure for transferring assets from decedents to their loved ones. Whether or not you require probate depends on the type of property and how you own it, and…
An estate plan that is comprehensive requires careful thought and discussion with your spouse. Before meeting with an estate planning attorney, it is best to discuss your ideas to present a united goal. This conversation can be challenging if you…
Especially after a big life change such as a birth, marriage, divorce, or moving to a new state, you should check your estate planning documents regularly. Children grow up, marriages dissolve, property gets sold, and residences change. That’s why we…
As the Internet of Things (IoT) integrates more and more into our lives, it is more and more important to identify and manage your digital property. From smart home devices to online investments and bank accounts, we’ve gone way beyond…
In most cases, dividing assets equitably among children is a good idea. Yet, in some families, each child receiving the same inheritance can be inappropriate, deplete the estate’s assets due to ensuing litigation, or cause other family issues after you…
Estate planning and elder law differ from each other when it comes to planning for your future financial affairs and health care needs. Estate planning and elder law also have some similarities. Even though these two types of law are…
Sandwich generations are individuals who have to care for aging parents and children simultaneously. Although generation is part of the phrase, it does not refer to people born at a specific time. Typically, these "sandwich" family caregivers will be in…