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December 2013 Archives

Anticipated Lifespan Impacts Planning Efforts

It is important to gather all the relevant information when you are making plans for the future. With this in mind your anticipated lifespan is something to be aware of, and at the present time the average lifespan among all people in the United States is 78.1 years.

Alzheimer's-Induced Dementia Common Among Oldest Old

Estate planning is clearly going to involve arranging for the distribution of financial assets to your heirs after you pass away. However, you would also do well to make preparations for the latter stages of your life when certain eventualities may present themselves. With this in mind it is important to understand just how common Alzheimer's-induced dementia has become in America today.

Frank Discussions Foster Family Harmony

When it comes to human interaction on virtually any level honest communication is invaluable. Being a good listener who seeks to empathize with others is part of the ideal, and at the same time you have to be politely assertive about making your own perspectives known.

Children of Ray Charles Wrangle with Foundation

The singer and composer Ray Charles passed away back in 2004 at the age of 73. According to a CNN news piece, before he died he made an arrangement with his 12 children, leaving each of them a $500,000 trust fund. What he asked them to do for him in return was to agree never to attempt to obtain anything beyond this from his estate after he passed away.

Understanding Tax Laws

A lot of people are kind of shocked when they hear about the details surrounding the gift and the estate taxes. After all, we all pay income tax every year so we are well aware of this annual ritual, and we see sales tax tacked onto all of our purchases so this comes as no surprise.

A Tailor-Made Estate Plan

Imagine going Christmas shopping for all of your family members. You are not going to buy one-size-fits-all clothing and shoes in some type of generic style for everyone on your list. Your family is unique, and each person on your list is going to were a different size and have different tastes.

Estate Planning: You Have Options

Many individuals equate estate planning to drawing up a last will to direct the transfer of their assets to their loved ones someday. Indeed, you can go this route but it is not always going to be the best choice. You have options, and you should explore them because the best way to arrange for the transfer of resources varies on a case-by-case basis.

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The Elder and Disability Law Firm, APC
104 E. Olive Ave.
Suite 103
Redlands, CA 92373

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