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Walt Zaremba
Williamsburg, Virginia
Your Dreams, Our Knowledge...Creating Estate Plans That Work
Interests: People
Recent Activity
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It might seem to you that choosing the right trustee for your living trust wouldn’t be that difficult; maybe it requires more thought! In a living trust, when the first spouse passes away, the other spouse usually becomes the sole trustee. When the second spouse dies, the trust should designate... Continue reading
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Will challenges are pretty rare and most often are the result of poor execution. That’s all the more reason to use an experienced estate planning attorney to help you create your estate plan. It’s the common mistakes that cause the most trouble, especially when a person tries to save money... Continue reading
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According to a survey conducted a few years ago by the Associated Press-NORC Center for Public Affairs Research, 34% of Americans thought Medicare would cover ongoing nursing home care, and another 27% were unsure. These results may correlate with the fact that only 37% of Americans think they’ll need any... Continue reading
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Many folks don't under the difference between a Living Will and a Healthcare Power of Attorney and it is clear why there is so much confusion! A Living Will (often called an Advance Decision or an Advance Medical Directive) is a record of your choices on your health and care... Continue reading
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How will future generations will sum up his contribution to American politics? Many believe that John McCain was handed a death sentence when doctors diagnosed glioblastoma: a deadly form of brain cancer. As you know, sooner or later, that’ll happen to all of us. Understanding this can help us move... Continue reading
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The probate attorney for Alan Thicke’s widow, Tanya Callau, announced that the petition filed against her in May by Thicke’s sons, Brennan and Robin Thicke, was dismissed. Thicke’s widow’s attorney, stated: “I am thrilled that I was able to get this bogus lawsuit thrown out of court for Tanya, whose... Continue reading
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A trust is an estate-planning tool that instructs the way in which assets will be distributed or used after you die. There are two types of trusts that can be used with a traditional IRA: a conduit trust and a discretionary trust. For each one, the required minimum distributions (RMD)... Continue reading
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Texas law aims to provide financial institutions greater authority to stop transactions that they suspect are aimed at defrauding elderly or disabled clients. An elderly woman in Dallas County recently sold her home and wired the $200,000 proceeds to a mysterious bank account, a victims’ advocate said. The “alleged Nigerian”... Continue reading
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The probate attorney for Alan Thicke’s widow, Tanya Callau, announced that the petition filed against her in May by Thicke’s sons, Brennan and Robin Thicke, was dismissed. Thicke’s widow’s attorney, stated: “I am thrilled that I was able to get this bogus lawsuit thrown out of court for Tanya, whose... Continue reading
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Elder law attorneys work with seniors and their families to plan for long-term care needs. In many instances, this includes assisting with their future housing options. The National Association of Elder Law Attorneys (NAELA) has 4,500 members nationwide. Although the organization says it doesn’t have an official position on reverse... Continue reading
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Pop singer Whitney Houston was a legend in the music business. She sold millions of records before her death in 2012. In fact, she’s still selling records after her death. The IRS now wants its share. The estate and the IRS are fighting over the heavy $11 million tax bill.... Continue reading
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Among those in Congress who will fight for tax reform, there’s one measure that is likely to find unanimous support: the repeal of the federal estate tax—what some call “the death tax.” In fact, House Ways and Means Committee Chairman Kevin Brady calls it "un-American." "You work your whole life... Continue reading
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Are you a tax law expert? Tax law is one of the most complicated legal fields in the discipline. It really should be left to the professionals, especially when it involves significant amounts of your money. That’s why it’s very important to take the time and spend the money to... Continue reading
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41% of Americans between the ages of 17 and 35 have yet to begin saving for retirement. Many of these respondents blame it on their lack of disposable income. The median household income for millennials in our country is about $48,000. That number is about 20% less than Baby Boomers... Continue reading
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The average person’s savings and Social Security income won’t be enough to pay for assisted living. As a result, individuals will combine those assets with long-term-care insurance benefits, home-sale proceeds and contributions from family members to cover the costs. Life insurance. If you or your parents have been paying premiums... Continue reading
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41% of Americans between the ages of 17 and 35 have yet to begin saving for retirement. Many of these respondents blame it on their lack of disposable income. The median household income for millennials in our country is about $48,000. That number is about 20% less than Baby Boomers... Continue reading
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A Los Angeles jury found in favor of Steinbeck's step-daughter, who claimed that litigation over Steinbeck's estate prevented her from making the most of his copyrights when Hollywood heavyweights Steven Spielberg and Jennifer Lawrence were interested in making films of his classic works. Waverly Kaffaga, the late John Steinbeck's stepdaughter... Continue reading
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Even when a person who passes away spent a lot of time getting their affairs in order, there can still be concerns, panic, and stress on the part of the survivors. If you’re the designated executor of a will, you’ll want to know what you need to do ASAP. However,... Continue reading
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The reality is that women statistically live longer than men and may face the important issue of ensuring their assets last a lifetime. Financial and estate planning is essential for everyone, but the fact that women are more likely to earn less over the course of their careers and live... Continue reading
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Lest we forget: Obamacare was used to expand health care coverage for millions of Americans via Medicaid expansion. Many people think of Medicaid is a government program that helps only the nation’s poor. However, Medicaid also helps pay for and is part of estate planning strategies for nursing home care... Continue reading
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There are lots of tax-friendly Roth IRA possibilities, even for those with just $50 a month to spare. Can you believe that fewer than 31% of Americans own an IRA? Even fewer—just 19%—actively contribute to one. Consistent with this theme, a 2017 report found that only 5% of Americans take... Continue reading
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If you decided to draft your own will, proceed at your own risk. When creating any kind of estate planning document is important to consider every possible; the devil is in the details so you need to ensure that every detail is addressed. Make sure that you consider the likely... Continue reading
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For years, prenups have been a sticking point for couples who saw them as unromantic, signaling a lack of trust or suggesting that one person is planning for the end of the marriage. More millennials are delaying the exchanging of wedding vows until later in life. They are actually waiting... Continue reading
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A 65-year-old couple retiring this year can expect to pay an estimated $275,000 of out-of-pocket expenses related to their health care throughout retirement. Let’s looks at retirees’ health care costs. This year there will be a 6% increase over last year’s estimate—and an enormous 70% increase since 2002. According to... Continue reading
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One-third of all Americans over age 50 are carrying non-mortgage debt from month to month. Many American seniors are taking their debt with them into retirement years. That’s according to new data from the latest University of Michigan Retirement Research Center Health and Retirement Study. The study—done annually since 1990—surveys... Continue reading