The Internal Revenue Service (IRS) has announced that for 2016 the estate and gift tax exemption limit increases to $5.45 million per person, an increase from $5.43 million per person. A qualifying ...
A general durable power of attorney is an important estate planning and elder law planning tool. A power of attorney allows the attorney-in-fact, also referred to as the agent, to ...
Being designated by a friend or a loved one as the Executor of his or her estate is an honor, but with that designation comes many responsibilities and legal risks. ...
For many seniors, taking care of their affairs, particularly paying bills, banking, and other financial matters, becomes more and more difficult as the years go by. When this happens, many ...
Preparing your Last Will and Testament (the Will) is critical for helping insure that your wishes are respected after you’re gone. Married couples with children may have special concerns regarding ...
A family feud between Robin Williams’s widow and his children from prior marriages has received a lot of press. A major issue in this feud involves Mr. Williams’s tangible personal ...
Susan went through a very hard time when her husband, Steven, died. Not only was she grieving the loss of her husband, but she had to deal with so many other ...
Alex, a 30-year old man with Down syndrome, has cause to celebrate today. As a Special Needs individual, Alex receives Medicaid and Supplemental Security Income (SSI). However, these federally funded ...
When his 75-year-old father died, forty-year-old John inherited his father’s $1 million traditional Individual Retirement Account (IRA). John wasn’t sure what to do with all that money. So, he contacted the ...
In our last post, we discussed problems that may arise if a person dies intestate (without leaving a Will). In this post, we discuss the process for administering and distributing ...