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Walt Zaremba
Williamsburg, Virginia
Your Dreams, Our Knowledge...Creating Estate Plans That Work
Interests: People
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Imagine your doctor telling you have Alzheimer’s disease or some other type of dementia. Then, imagine being told, ‘I’m sorry, there’s nothing we can do. You might want to start getting your affairs in order.’ Those newly diagnosed with Alzheimer’s frequently say they felt overcome by hopelessness. Authors Laura Gitlin... Continue reading
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It’s become a common scenario: a star who worked past their traditional retirement age and was beloved by generations dies with career earnings that wouldn’t even pay a corporate CEO salary for one year. Aretha Franklin sold 75 million records and is credited as a songwriter on hundreds of albums... Continue reading
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Imagine your doctor telling you have Alzheimer’s disease or some other type of dementia. Then, imagine being told, ‘I’m sorry, there’s nothing we can do. You might want to start getting your affairs in order.’ Those newly diagnosed with Alzheimer’s frequently say they felt overcome by hopelessness. Authors Laura Gitlin... Continue reading
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I have had a lot of questions lately about how parents can protect a child who has a substance abuse disorder. The American Family Survey is commissioned annually by the Deseret News and conducted by YouGov, found that 12% of families in 2017 said they had an opioid-addicted relative. Opioid... Continue reading
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Americans aren’t readying themselves for the costs of getting old! It may be one of the biggest disconnects in the USA: the gap between how many Americans will need long-term care versus what people actually think they’ll need. Roughly 70% of Americans will need some type of long-term care. However,... Continue reading
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It’s important to review the beneficiary designations on accounts like life insurance, IRAs and pensions. There have been many cases of retirement account owners who have been divorced and remarried but failed to update their beneficiary designations. If you forget, you may find that your designated beneficiary isn’t who you... Continue reading
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Whether you are leaving a huge financial windfall behind for your offspring or a smaller monetary account, it is important to create an estate plan which allows greater control, privacy and security of your legacy. Estate planning is a process. During an individual’s life, this process assists with the management... Continue reading
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Australia’s legendary TV mogul Reg Grundy’s estranged daughter has stepped up her legal battle against his second wife, by claiming in court he was suffering from Alzheimer’s Disease when he chose to cut her out of his will… 61-year-old Kim Robin Grundy—more commonly known as Viola La Valette—is challenging her... Continue reading
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Trying to discern truth from fiction, and marketing from reality can be a real challenge when it comes to assisted living facilities. Assisted living and board-and-care facilities are a popular and rapidly increasing segment of senior housing. However, what many people don’t know is that assisted living facilities are “non-medical”... Continue reading
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We all know that a college education is expensive, but did you realize that if you have a child with special needs those costs could nearly double? The American College of Financial Services in Bryn Mawr, PA found that the average cost of rearing a child from birth to age... Continue reading
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The Queen of Soul, Aretha Franklin, died peacefully surrounded by her family and friends on August 16, 2018, after battling pancreatic cancer for more than two years. Saddened as we were by the death of Aretha Franklin, we were shocked to learn that despite her sizable estate of more the... Continue reading
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A lesson worth learning from the Hollywood elite is that you should take no chances on love the second, third or fourth time around! While it is obviously ‘too much information’, Hollywood is famous for dishing the dirt. Take for example the fact that Sandra Bullock was betrayed by her... Continue reading
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Take time to review the vital parts of Medicare, the costs, the eligibility rules and especially the consequence of missing the enrollment deadline. Medicare was enacted in July 1965, as part of Title XVIII of the Social Security Act. 53 years later, Medicare has four parts. They are Part A:... Continue reading
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Selfishly, most employers want to reduce their long-term liability exposure; given that desire, pension plans have become increasingly rare. It used to be common to get a pension when you worked for a company for 20 or 30 years, then retired with a gold watch and a complete package of... Continue reading
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I have said this before but it bears repeating: If your trust or will hasn't been updated in years, you may unintentionally shortchange or accidentally disinherit your loved ones. The new tax law in effect doubles the federal estate-tax exemption to roughly $11.2 million per person. As a result, most... Continue reading
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New York’s seniors will benefit from an additional $8.4 million in state and federal funding to improve and expand services for vulnerable adults at risk of abuse, neglect or financial exploitation. The Elder Abuse Interventions and Enhanced Multidisciplinary Teams Initiative were developed by the New York Office of Victim Services... Continue reading
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As you probably are aware, age 62 is when qualified individuals are first eligible to file for their Social Security benefits. However, did you know that claiming benefits early decreases your monthly paychecks and overall lifetime earnings? If you wait until full retirement age (usually either 66 or 67, based... Continue reading
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It's important to understand that Medicare Part A and Part B leave some pretty significant gaps in your health-care coverage. Medicare Parts A and B cover a big part of your medical expenses when you turn age 65. Part A is your hospital insurance that helps pay for inpatient hospital... Continue reading
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Companies now are helping people store their important digital assets in one place. As we become more comfortable with having even the most important aspects of our lives online, it’s a natural next step that estate planning will move online. One of the most important aspects of having estate planning... Continue reading
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We all assume that, after we’re gone, our assets go to the loved ones we intend—in the ways, amounts, and proportions we intend—without unintended consequences. Right? Not so fast! For many of us, we have accounts that are 401(k) plans, Individual Retirement Accounts (IRAs), annuities, and pensions. These accounts require... Continue reading
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Companies now are helping people store their important digital assets in one place. As we become more comfortable with having even the most important aspects of our lives online, it’s a natural next step that estate planning will move online. One of the most important aspects of having estate planning... Continue reading
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Nineteen months after pop star George Michael's death, Fadi Fawaz, his on-again, the off-again partner, is challenging the will that left him nothing. Fadi Fawaz was the one who found Michael dead in bed in his home in the English village of Goring in Oxfordshire on Christmas Day 2016. Local... Continue reading
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A 529 college plan is a great way to do something now, to give your kids a chance to move on after high school (and move out) and find their passion. Investing in your child’s education early can position them to take advantage of the numerous opportunities that will shape... Continue reading
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Whether you have name agents (legally known as ‘fiduciaries”) to act during your lifetime or after you pass away, these individuals can make or break your estate plan. Fiduciaries have the ability to determine the fates of family relationships and financial security. However, most people don’t realize the potential consequences... Continue reading
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Step-up in basis doesn’t depend on whether or not you pay state or federal estate or inheritance tax on the real property. It’s not uncommon for a family to have a cabin or vacation home in another state. It’s also not uncommon for the parent and owner of that vacation... Continue reading