On behalf of The Elder and Disability Law Firm, APC on Thursday, June 20, 2013. People who serve in the military put it all on the line for the rest of us, and in many cases they must make a lot of sacrifices.Though the challenges that go along with service are readily apparent, military service is something that can be very rewarding to a young person on a number of different levels. You can learn a skill or trade, develop a resume, gain an understanding of what teamwork is all ab...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, June 18, 2013. Incapacity planning is an important part of a comprehensive plan for the future, and this is something that is often overlooked. There was a poll conducted by the Harris organization late in 2009 that found that only 48% of people over the age of 65 had a durable financial power of attorney in place and only 51% had a durable power of attorney for health care.These documents are utilized to name someone ...
On behalf of The Elder and Disability Law Firm, APC on Monday, June 17, 2013. It would be logical to assume that most responsible adults have an estate plan in place. However, the sad truth is that a majority of Americans are going through life without an estate plan and this is not a good thing because it is your family who will pay the price if you fail to make the proper preparations.There was an article in Forbes a while back that examined the subject of estate planning prepare...
On behalf of The Elder and Disability Law Firm, APC on Friday, June 14, 2013. Retirement planning is very important because believe it or not retirement is not something that is a given. In a very real sense, retirement is just a word that describes the decision to stop working. To be able to do this you're going to have to have adequate financial resources.If you are like most people, you go to work because you need the income. To be able to retire someday you will have to be able...
On behalf of The Elder and Disability Law Firm, APC on Thursday, June 13, 2013. Attorneys will tell you that you should not consider the matter of estate planning closed when you walk out of the office with your initial estate plan in hand. Things take place in your life over the years that can make revisions to your estate plan necessary and this is something to be aware of as you go forward.One of the most common life changes that can make an estate plan adjustment necessary is t...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, June 12, 2013. The last Will is the most commonly utilized estate planning document as we all know, but it is important to recognize the fact that you have alternatives. A revocable living trust is one of them and they have become very popular. The primary reason for this is because they enable Probate avoidance.What is Probate you ask? Probate can be briefly defined as the legal process of estate administration. You...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, June 11, 2013. When you are living in the moment going about your day to day responsibilities you may find it difficult to imagine a time when you will be approaching retirement age. As understandable as this may be if you are two or three decades away from your 60s, you have to take action if you want to be prepared for retirement.At the present time the baby boomer generation is reaching retirement age, and studies a...
On behalf of The Elder and Disability Law Firm, APC on Friday, June 7, 2013. When you read about the gift tax and the estate tax as you're doing research into long-term planning you may hear about a $5 million exclusion. This is often mentioned as either a gift tax exclusion or an estate tax exclusion, so it can be kind of confusing.You have to understand that the gift and estate taxes are said to be "unified" by the Internal Revenue Service. As a result, the $5 million exclusion t...
On behalf of The Elder and Disability Law Firm, APC on Thursday, June 6, 2013. There are certain basic responsibilities that you assume by simply becoming a self-supporting adult. This is something to keep in mind if you are one of the many who is procrastinating about putting an estate plan in place.In 2010 there was an article in Forbes magazine that highlighted the lack of preparedness among Americans in general when it comes to estate planning. As you might expect, younger adul...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, June 5, 2013. There are people who get themselves into trouble because they don't have enough information about long-term care. One of the misconceptions that some people buy into is the notion that it is unlikely that they will ever need long-term care. This idea flies in the face of reality. In fact, according to the United States Department of Health and Human Services approximately 7 out of every 10 Americans who...
