Some parents, fearful of how a large inheritance will affect their heirs, set up what are known as “incentive trusts” that ensure that the trust funds support positive behavior and discourage unproductive activities.
Posts Categorized: Health Care Proxy
How to Protect Your Deceased Loved Ones From Identity Theft
We’ve all been warned about protecting ourselves from identity theft, but one group of victims can’t take action to protect themselves—the dead. Fortunately, there are steps that you can take to discourage identity thieves from targeting a deceased loved one.
Obama Signs Law Requiring Hospitals to Warn of Costly Medicare Loophole
President Obama has signed a new law intended to prevent Medicare beneficiaries from spending days in a hospital only to find that they hadn’t been admitted to the hospital at all – they were only under “observation.”
Know Your Options Before Signing Up for Medicare
As you get ready to turn 65, you may be inundated with information about Medicare. All this information is confusing, but it is important to do your research before choosing your plan.
Who Will Inherit Whitney Houston's Fortune Following Bobbi Kristina's Death — and What Are the Lessons?
Now that the late Whitney Houston’s only child, Bobbi Kristina, has herself died, what will happen to the estimated $20 million estate she was to inherit?
Considerations For Your Health Care Proxy
I regularly sit with clients helping them prepare their Long Term Care tool boxes. One very important Tool is the Health Care Proxy, a document that designates who has authority to make medical choices for them when they are unable to make those choices themselves. During these discussions my clients tell me that they want… Read More »
Things to Remember at Tax Time
Tax day is fast approaching and you want to make sure you’re taking advantage of all the deductions you’re entitled to.
What Is Required of an Executor?
Being the executor of an estate is not a task to take lightly. An executor is the person responsible for managing the administration of a deceased individual’s estate.