Some Legal Trivia…
Did you know? The Code of Ur-Nammu, written around 2100 BCE, is the oldest found legislative code. It later influenced the code of Hammurabi. It’s the first time when a schedule of predetermined consequences for violating rules of conduct was written. Most penalties were monetary: 15 shekels for perjury, 5 shekels for deflowering...
Some Legal Trivia… Continue reading…
Imagine your family at peace: How to Have Crucial Conversations with Your Loved Ones about End-of-Life issues
Talking about end of life issues with a loved one who is already sick is difficult. Your loved one may not be thinking clearly, may be in pain, and everyone is likely to be very emotional. That’s why it’s important to have this conversation early, while everyone is thinking clearly. A plan is...
Imagine your family at peace: How to Have Crucial Conversations with Your Loved Ones about End-of-Life issues Continue reading…
Are you at risk of getting sued, if you agree to act as a Fiduciary (Executors, Trustees and Agents under Power of Attorney)?
Trust and estate litigation is on the rise. The conflict can arise due to beneficiaries who feel they were entitled to more money or Trustees, who are supposed to act as fiduciaries with care, loyalty and impartiality, but often don’t. Unfortunately, you cannot plan for every contingency. You hope that the Trustee that...
Are you at risk of getting sued, if you agree to act as a Fiduciary (Executors, Trustees and Agents under Power of Attorney)? Continue reading…
Will the 1031 “Like-Kind” Exchange be now eliminated?
Section 1031 of the tax code allows those who sell a real estate property and invest the proceeds in a different real estate property to postpone capital gains taxes. It is a great strategy for investors: with a 1031 exchange, after a sale of a property you can use 100% of the proceeds...
Will the 1031 “Like-Kind” Exchange be now eliminated? Continue reading…
Get a FREE online evaluation – what kind of documents you need
Have you always wondered if you need an estate plan? Have you thought of doing it yourself, but were not sure if you are doing it right?
Take this FREE online evaluation and find out!
Trump just proposed to eliminate the Estate Tax completely. Will it affect you?
Currently, the gift and estate tax threshold is $5.5MM per person ($11MM per married couple). Assets passing at death that are above that threshold are taxed at 40%. Gifts made during lifetime that are above this threshold are also taxed at 40%. Less than 1 out of 550 of people who die have taxable estates. Furthermore,...
Trump just proposed to eliminate the Estate Tax completely. Will it affect you? Continue reading…
You have a Trust? When DO beneficiaries find out about money left to them ?
Clients often establish Trusts for the purpose of deferring distributions to beneficiaries. These Trusts are usually established to protect assets from risks such as mismanagement, imprudent spending, creditors and divorce.But when do Trust beneficiaries have to receive information about the Trust and the assets? This question is different from the one about when...
You have a Trust? When DO beneficiaries find out about money left to them ? Continue reading…
Should you hire an aide privately or through an agency?
According to recent research by the AARP, about 90 percent of seniors would like to stay in their own home as they age, even if they require day-to-day assistance with activities of daily living. With a rapidly increasing senior population, demand for quality in-home care is beginning to skyrocket.In the past, in-home care...
Should you hire an aide privately or through an agency? Continue reading…
Most Americans Still Avoid Estate Planning
Based on the most recent survey, 52% of Americans do not have a Will. Usually, not having a Will also means not having a Power of Attorney or a Health Care Proxy. When I lecture about this issue, I can talk for at least an hour about the need for a Power of...
Most Americans Still Avoid Estate Planning Continue reading…
If you plan on growing old, the Medicaid debate affects you!
One in three people who turn 65 end up in a nursing home. No one ever wants to go there, yet most of the time the family has no choice about this issue (it becomes dangerous to keep the person at home, the daily care required is too much for a home care...
If you plan on growing old, the Medicaid debate affects you! Continue reading…