A recent court decision in Minnesota serves as a cautionary reminder to anyone thinking of changing their estate plan on their own.
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An Elder Lawyer’s Pet Peeves
View image | gettyimages.com Here is a short list of dangers that I regularly see in my Elder Law practice. These hazards can frustrate a client’s estate plan or asset protection plan : 1) The Do It Yourself Last Will and Testament that does not work because it is improperly executed, has inconsistent clauses and/or fails to… Read More »
Incentive Trusts: Ensuring That an Inheritance Will Be Well Spent
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.
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?
Retirement Planning With Special Needs Child
Parents with special needs children have a set of added concerns when planning for their retirement. In addition to planning where they will live and how much income they will have, they also need to plan where there special needs child will live when the parent retires or after the parent passes away. Parents need… Read More »
Nursing Homes Abuses
The New York Times has reported that New York nursing homes are now bringing guardianship proceedings in order to collect on the bills owed to them. In order to protect yourself from such abuse, it is vital that you have a valid Power of Attorney and Health Care Proxy in place and that you review… Read More »
Getting Ahead of the Long Term Care Crisis
“A massive wave of 77 million baby boomers is now entering retirement. Advancements in medical technology have increased the life expectancy of these Americans. Faced with a huge population that is living longer, America will experience a sizable future need for long-term care services and potentially exploding public and private costs”, The Long-Term Care Financing… Read More »