On behalf of The Elder and Disability Law Firm, APC on Thursday, January 2, 2014. A lot of people procrastinate when it comes to estate planning. They tell themselves that they will have plenty of time to take care of it when they are old and gray, but the truth is that you are taking risks when you look at things this way.For one thing, you really don't know when you will pass away. Yes, there are average life expectancies and they are useful to consider. But in the end fate holds...
On behalf of The Elder and Disability Law Firm, APC on Monday, December 30, 2013. 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.However, depending on how old you are and whether or not you are a man or a woman your expected lifespan can vary considerably. As you ge...
On behalf of The Elder and Disability Law Firm, APC on Friday, December 27, 2013. 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.Alzheimer's di...
On behalf of The Elder and Disability Law Firm, APC on Friday, December 20, 2013. 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.In many cases the need for communication is readily apparent and simple to facilitate. On the other hand there are situations that can ...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, December 17, 2013. 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.Now it has turned out that seven of the 12 child...
On behalf of The Elder and Disability Law Firm, APC on Thursday, December 12, 2013. 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.But these taxes on asset transfers are not something that you are faced with every day or every year so you may not kno...
On behalf of The Elder and Disability Law Firm, APC on Friday, December 6, 2013. 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.The same thing is true of estate planning. Depending on the dynamic of your family and the exact nature of yo...
On behalf of The Elder and Disability Law Firm, APC on Monday, December 2, 2013. 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.Your unique personal situation is going to have a lo...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, November 26, 2013. There are individuals who view estate planning as something that is only applicable to elder Americans. After all they reason, dying is for old people. They think they will have plenty of time to worry about things such as this when their hair turns gray and they are swaying in rocking chairs on the front porch.This is one way to go about things, but if you look at the statistics you know that people...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, November 20, 2013. When you first enter into a small business, you are well aware of the fact that a high percentage of start ups wind up failing.As a result, your first objective is going to be to work tirelessly to make your business start turning a profit as soon as possible. It is likely that asking yourself how you are going to exit the business someday is among the furthest things from your mind when you first ...
