Friday, May 7, 2021
in-home care as tax deduction

When Can In-Home Care be Deducted as a Medical Expense?

The U.S. Tax Court provided some insight into the question of the deductibility of in-home care of a disabled individual. The case involved an...
organze family papers

Getting Your Records Organized is More Important Than You Think

Keeping track of important papers is critical to maintaining an accurate picture of your finances and ensuring that your heirs are cared for in the...
medicaid planning for nursing home

WHAT YOU SHOULD KNOW ABOUT MEDICAID PLANNING

You’re active and in relatively good health. You’re finally enjoying the things you now have time to do as a retiree – or looking...
assisted living community

Maintaining Some Independence through Assisted Living

Most elderly people don't need nursing homes, but many require help with daily activities. If providing that support isn't practical for family and friends, assisted...
special needs trusts

What You Should Know About Special Needs Trusts

Bequeathing assets to a loved one with special needs is a benevolent gesture, but in some cases, it can cause problems that were never intended. An...
mechanics lien on house

Home Improvements: Stay Clear of Mechanics’ Liens

It usually starts out simply enough: You want to make some improvements to your home such as remodeling the kitchen and bathrooms or adding...
irrevocable living trust

Decanting a Trust: What Is it? When is it a Good Idea?

An irrevocable trust is usually created to take assets out of the estate of the grantor mostly to: Save on federal or state taxes Remove...
organze family papers

Getting Your Records Organized is More Important Than You Think

Keeping track of important papers is critical to maintaining an accurate picture of your finances and ensuring that your heirs are cared for in the...
father talking to son about inheritance

Why You Should Discuss Inheritances with Your Heirs

Many people are uncomfortable discussing with heirs how they will distribute their estate. Perhaps you don't want your children to realize how much they may...
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How Will You Handle Your Digital Estate? (And, yes, you do...

Some assets don’t necessarily fit into our traditional approach to estate planning. We know how to account for bank accounts and real property. But...

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How to Avoid Ambiguities in a Will

Will drafting can be complicated. People can run into problems if they attempt to do it on their own, or rely on websites that do...

Unhappy with a Will? You Might Be Able to Challenge It

There are instances when heirs are not happy with the terms of a person's will. When that is the case and the executor submits the will...

Prepare Your Family with an Estate Planning Letter

When you pass away or if you become incapacitated, it's natural for your family to feel confused and insecure about the future. You can help...

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