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Recent Posts

The Fiscal Cliff Compromise and Your Estate

Jun 3, 2013 / By:
Category: General

Estate planning can involve the implementation of tax efficiency strategies if the value of your estate exceeds the estate tax exclusion. For this reason understanding exactly where you stand with regard to the existing exclusion is very important. When you think back and recall the dialogue surrounding the fiscal cliff negotiations it was said that...

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Pennsylvania court holds son liable for mother’s unpaid nursing home expenses

May 30, 2013 / By:
Category: Disability Planning, Elder Law, Estate Planning

In Health Care & Retirement Corporation of America v. Pittas, the Pennsylvania Superior Court has held a patient’s son liable for over $92,000 in nursing home expenses under the “filial support” or “relatives’ liability” law. After an arbitration ruling in the son’s favor, the nursing home appealed and was awarded $92,943.41 by the trial court.  The son...

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Where Do You Keep Your Estate Planning Documents?

May 8, 2013 / By:
Category: Estate Planning

If you spend all of the time and money that it takes to create an estate plan you need to keep it safe. When family members cannot locate an estate plan, it can cause problems for your family that your estate plan was meant to solve. For some people, finding a place to store their...

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How failure to change beneficiary designations can upend your estate plan

May 7, 2013 / By: laurieg
Category: Asset Protection, Beneficiaries, Estate Planning, Financial Planning, General, Probate

With the high percentage of people in this country who fail to make a will, those who do are often proud of the fact that they have set their affairs in order.  But many issues are not resolved within the four corners of a will.  Some of the most common of these are insurance proceeds...

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Things to Know About Medicaid in 2013

May 1, 2013 / By:
Category: Elder Law

There are some changes to the program dollar limits that are relevant to people who are engaged in Medicaid planning. We would like to point out three things that you should know now that we are working with the adjusted figures for 2013. Let’s say that you needed to enter a nursing home as an...

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Recent Divorce? Revise Your Estate Plan

May 1, 2013 / By:
Category: Estate Planning

The last thing on your mind during a divorce is your estate plan, but it shouldn’t be. After divorce your estate plan needs to be updated. If it isn’t, your assets could be distributed to your ex-spouse, even after you intended to distribute them elsewhere. Revoke the Old Will Don’t leave your old will in place. Instead,...

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Selecting a Trustee

Apr 24, 2013 / By:
Category: Estate Planning, Trust Administration

If you have created a trust, you will need to select a trustee to manage your trust upon your death. While for some people this is a relatively easy task, for others, it can be difficult finding the right person. Your trustee fills a very responsible role; therefore, you need to make sure the person...

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The Essentials of Estate Planning

Apr 24, 2013 / By:
Category: Estate Planning

There are good and bad situations in estate planning, but often the bad is a result of poor estate planning. Therefore, consider this checklist of essentials for estate planning that ensure your estate plan is complete – including those not-so-common situations that can occur. Using an Attorney While you may be looking to save money,...

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The 11 Don’ts of Estate Planning

Apr 24, 2013 / By:
Category: Estate Planning

You probably already know the things you should do with your estate plan, but what about the things you shouldn’t do? As with any situation, there are do’s and don’ts you need to remember. And, with estate planning, the don’ts are just as important as what you need to do. Don’t: Procrastinate on doing your...

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Tips for Preparing to Meet with an Estate Planning Attorney

Apr 18, 2013 / By:
Category: Estate Planning

There is a lot of planning and decision-making that goes into an estate plan. One of the most valuable assets you will have is your estate planning attorney. To get the most out of your meeting, make sure you prepare adequately for your estate planning sessions. Discuss Ahead of Time Discuss with your spouse and...

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