Nefarious individuals who are looking for easy marks typically target people who they perceive to be vulnerable. For this reason, senior citizens are often in the cross hairs of scam artists of every ilk, and this is something that is a big problem within the elder law community. Elder financial abuse results in billions of dollars in losses each year, and a very significant of percentage of seniors are victimized. When people who you do not know are asking you to part with your money, a … [Read more...] about A Look at Two Pressing Elder Law Matters
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Reasons an Estate Plan Could Be Challenged: Part 1 – Formal Requirements
An Estate Plan is an essential part of your planning process. But there are ways an Estate Plan can be challenged as being invalid. This is part of a series of articles on ways an Estate Plan might be invalid and how to avoid these pitfalls. Reasons an Estate Plan Could Be Challenged: Part 1 – Formal Requirements … [Read more...] about Reasons an Estate Plan Could Be Challenged: Part 1 – Formal Requirements
A Conversation With an Estate Planning Lawyer
Sometimes the best way to get the gist of a subject is to absorb a series of relatively quick questions and answers. In this post, we are going to provide a hypothetical conversation between a new client and an estate planning attorney. After you go through it, you will come away with a much better understanding of the estate planning process. You don’t need an estate plan until you are a senior citizen, right? Unfortunately, far too many people adopt this perspective. Studies consistently … [Read more...] about A Conversation With an Estate Planning Lawyer
Wealthy Families Face Estate Tax Challenges
Without question, financial success is a beautiful thing, but there is one drawback that goes along with it. We have a federal estate tax in place, and it carries a whopping 40 percent maximum rate. The good news is that there is an estate tax credit or exclusion that allows you to transfer a certain amount before the estate tax would kick in. There are annual adjustments to account for inflation, but at the time of this writing in 2019, the federal estate tax exclusion is $11.4 … [Read more...] about Wealthy Families Face Estate Tax Challenges
The Questions of Estate Planning, Part 6: Why
People often have questions about Estate Planning. This is the sixth in a series of articles addressing those questions. This sixth article addresses “why” to do Estate Planning. Read on to learn more. The Questions of Estate Planning, Part 6: Why … [Read more...] about The Questions of Estate Planning, Part 6: Why
