Veterans are an important class of our population and as such, it is important to know about the various benefits available to them. Many of the benefits are based on the type of service by the veteran, the health of the veteran, or a combination of these factors. The next several paragraphs will outline benefits veterans should be aware of, however, it is recommended veterans speak with a...Read More
Estate planning is important for people of all ages, but as we age, the need for planning becomes even more critical. Many people avoid estate planning, because they do not want to think about the end of life, failing health or disability. Others believe that an estate plan is only for rich people. However, an estate plan is helpful for the senior adult and their families regardless of overall...Read More
Ambrose was getting on in years, and he missed his wife who had recently died. So he sold the home, put the $100,000.00 in the bank, and moved onto his son Arthur’s farm. Every day Ambrose got up at the crack of dawn to milk Arthur’s cows, and he felt healthy as a horse. So he really didn’t see the need to do any financial planning.
But one day Ambrose fell and broke his hip. Complications...Read More
A poor, non-nutritional diet, particularly one high in sugar can have disastrous consequences for overall health particularly in our more senior years. The sugar effect is cumulative and some of the bodily harm sugar causes can take months or years to undo, if it can be undone at all. The more diet disciplined you are at a younger age the greater your chance of enjoying a healthy, successful...Read More
Aging is the sign of a successful life. After all, when you think about the alternative to aging your perspective about getting older shifts. You should start seeking self-sufficiency for your retirement years well before the age of sixty-five. But, even if you have not done so, don’t shun the planning stages. You need to address planning no matter what your age. Some preparation is better...Read More
Congress passed the Tax Cuts and Jobs Act in December of 2017 which is aimed at cutting taxes for corporations and all Americans. While the bulk of the legislation went into effect January 2018, most taxpayers will not see much of a difference in their taxes until 2019, when they file their 2018 taxes. However, there are several important changes seniors need to be aware of now that could...Read More
Passing personal property on to family can be tricky. When drafting an estate plan, an individual can make specific bequests of certain property to beneficiaries. However, if the item is lost or destroyed the gift fails. If the recipient is no longer alive or does not accept the gift, other provisions in the will or trust must deal with this alternative scenario. So drafting language to...Read More
Now that the excitement (or relief) of Black Friday, Cyber Monday, Giving Tuesday, etc have passed, I thought it would be a good time to share a gift giving guide from an Estate Planning/Elder Law perspective. Not sure that I have a gimmicky name for this yet, but maybe next year. Many of these suggestions come from you, my clients. Thank you for sharing.
Apple Watch 4 – with new...Read More
As the holidays approach, many of us will be traveling to visit family we have not seen in awhile. This family may be our aging parents or our children who have started families of their own. For others, there will be family celebrations with those who we see everyday – because they live with us. More and more families find themselves in the latter category. A recent Wall Street...Read More
The Veterans Administration has announced changes to the eligibility requirements for Veterans to receive Aid and Attendance benefits.
The two most significant changes the VA has added is a gifting penalty and a 36-month look-back period for gifts an uncompensated transfers. These changes go in effect October 18, 2016
Overview of VA Aid and Attendance Benefits
Aid and Attendance is a Veterans...Read More