On behalf of The Elder and Disability Law Firm, APC on Thursday, August 14, 2014. While it is indeed important to look ahead toward the future, the fact is that as a young adult you may not be that interested in the details of tax laws that are applicable to the field of estate planning. However, we all care a great deal about the well-being of our loved ones, and this tax can have an extraordinarily negative impact on succeeding generations of your family.So, it is important to ga...
On behalf of The Elder and Disability Law Firm, APC on Thursday, August 7, 2014. Inheritance planning is often reduced to a somewhat overly simplistic analogy. You inventory your assets to determine the size of the "pie" as it were. You then decide who will be receiving slices of the pie. The last step is to arrange for slices of various sizes to be transferred to these heirs after you pass away.Something along those lines is part of the equation, but there is another factor to con...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, July 16, 2014. Your family is unique from every other, and this is something to keep in mind when you are considering the future. There are websites out there that will sell you generic legal documents. They say that anyone can plan his or her own estate by following the directions and filling in blank fields on a one-size-fits-all piece of paper that you download off the Internet (for a hefty fee).In truth there are...
On behalf of The Elder and Disability Law Firm, APC on Monday, July 14, 2014. You will often hear retirement and estate planning attorneys emphasizing the fact that everything is connected. This is why holistic planning is recommended. What you would like to be able to do in the future is going to impact what you do in the present, so it is useful to look at things from an overview and act within an intelligently conceived long-term financial plan.This can be intricate for people w...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, June 18, 2014. It is good to remain positive and avoid fear-based thinking when you are planning ahead for the latter stages of your life. But at the same time, being aware of the various perils that exist is important if you want to steer clear of certain unsavory situations.With the above in mind you would do well to recognize the fact that elder financial abuse is a widespread problem in the United States today. O...
On behalf of The Elder and Disability Law Firm, APC on Monday, June 16, 2014. As you go through life each day is an extension of the last one, and we live busy lives wrought with responsibilities. So, the challenges of the present are generally going to take precedent.As understandable as this may be, a broader picture exists and the sooner you see it the better.When you enter into adulthood and perhaps start a family aging and retirement may seem like complete irrelevancies. But w...
On behalf of The Elder and Disability Law Firm, APC on Thursday, June 12, 2014. Understanding what to expect from Social Security is a must when you are rolling up your sleeves and crunching numbers with regard to your anticipated retirement budget. The first thing to consider is when exactly you will become eligible to apply for your benefit.If you are not currently receiving Social Security you become eligible to receive your full benefit when you are somewhere between the age of...
On behalf of The Elder and Disability Law Firm, APC on Monday, June 2, 2014. There are a number of different acronyms that you see thrown around when you are looking into the subject of estate planning. One of these is "POD" and we would like to take a brief look at what this means in an estate planning context.A POD account is a "payable on death" account, and the creation of this type of account involves naming a beneficiary who would assume ownership of the resources that remain...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, May 7, 2014. If you were to be the target of legal actions anything could happen, and some people are in occupations that leave them particularly vulnerable to lawsuits. You can't react after you become apprised of a pending action because this could be construed as an improper transfer of assets. So, being proactive about asset protection is the key to keeping your resources out of the reach of claimants.Along these...
On behalf of The Elder and Disability Law Firm, APC on Friday, April 11, 2014. All attorneys are not created equal, and this is something to keep in mind if you are a veteran who is interested in planning for the future.While virtually everyone in the legal profession is completely sincere and well-intentioned, different individuals have different areas of expertise and interest. So if you are a veteran you would do well to work with a lawyer who places a particular emphasis on pro...
