Estate Planning – Questions About Tangible Personal Property

October 21, 2014

Preparing a Will enables you to direct how and to whom your estate will be distributed once you’re gone.  Your estate is comprised of your  intangible personal property (including cash, IRA’s, 401Ks, bank accounts, insurance policies, etc.), real estate, and  “tangible personal property.”  Many times people wish to be very specific regarding how their tangible personal […]

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Estate Planning: Telling your Children What You’re Planning and Why

October 7, 2014

A critical part of estate planning involves identifying your beneficiaries, and specifying what they will inherit.  Parents (particularly those who are widowed or divorced) often designate their children as beneficiaries.  However, problems may arise among the kids depending on how those assets are divided.  Examples abound, but here are just a few: You have three […]

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The Perils of Inconsistencies Between Divorce Decrees and Beneficiary Designations.

August 28, 2014

The standard language in divorce decrees regarding each party’s obligation to maintain life insurance for the children of the marriage is, in many instances, not sufficient to protect the intended beneficiaries.  To avoid such pitfalls, it is recommended that the two parties negotiate the beneficiary designation language to help insure that the divorce decree accurately […]

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If You Do Not Want Your Executor to Receive a Commission, Put It In Writing!

August 1, 2014

Unfortunately, when a loved one dies, arguments may arise among the heirs to the estate (also known as the beneficiaries).  One potential area of dispute may involve a commission due the Executor for serving in that capacity.  The following is a brief overview of the Executor’s role, and an example of the type of problem that may […]

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Executor, Trustee, and Testamentary Guardian – What’s the Difference?

July 8, 2014

Legal documents can be difficult to understand, containing unfamiliar words.  In the case of Wills, certain key terms frequently cause confusion –  specifically,  Executor, Trustee, and Testamentary Guardian.   We hope the following discussion will help clarify these three very different terms. 1. The Executor Many of us have accumulated assets over the years (for example, […]

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My Authority Under the The Power of Attorney Ended?

July 1, 2014

One important aspect of estate planning involves the Power of Attorney (POA).  Much confusion abounds regarding when POAs stop being in effect. We hope the following discussion will help clarify this issue. Generally speaking, the POA is a legal document whereby one person (the principal) authorizes another person (the agent) to act on the principal’s […]

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CCRC: An Alternate Long Term Care Option for Baby Boomers

June 17, 2014

Times change….  That’s a given.  And, for those of us at or approaching retirement, how we expect to live out our senior years has certainly changed.  In the not too distant past, many seniors could expect to live with adult children or other loved ones as their abilities to care for themselves diminished.  But, in […]

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Observation Stays in the Hospital: The Impact on Medicare Beneficiaries

May 6, 2014

The National Academy of Elder Law Attorneys (NAELA) has designated May National Elder Law Month.  Below is a recent article that appeared in the NAELA: Eye on Elder and Special Needs Issues newsletter.  It addresses disturbing new hospital practices that may severely impact medicare patients. May 2014 Observation Stays in the Hospital: The Impact on […]

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May is National Elder Law Month

May 1, 2014

The National Academy of Elder Law Attorneys (NAELA) has designated May “Elder Law Month.”   NAELA members are attorneys who are experienced and trained in working with the legal problems of aging Americans and individuals of all ages with disabilities.  Given the growing aging population in the United States, elder law awareness is more important than […]

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Taking the Law Into Your Own Hands Can Prove Costly

April 29, 2014

We’ve all heard the adage, “You get what you pay for.”  When it comes to getting “do it yourself” legal material off of the internet vs. seeing an attorney, this may certainly apply.  The following is a cautionary tale that highlights potential problems that may arise. Ms. Ann Adrich, living in Florida, decided to draft […]

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