This is Walt Zaremba's Typepad Profile.
Join Typepad and start following Walt Zaremba's activity
Join Now!
Already a member? Sign In
Walt Zaremba
Williamsburg, Virginia
Your Dreams, Our Knowledge...Creating Estate Plans That Work
Interests: People
Recent Activity
Image
Make a plan to do it now, in order to avoid consequential fumbles. Let’s look at what you need to do. Estate planning may seem overwhelming and depressing, because it deals with issues of aging. Some people believe that estate planning is just for the very rich. That’s not trust... Continue reading
Image
Should entrepreneurs, at the cusp of making their fortunes, worry about estate and inheritance taxes? Research studies show two primary effects of wealth transfer taxes. One, by reducing the size of after-tax bequests, it makes heirs less likely to start or maintain a business. Two, the prospect of future estate... Continue reading
Image
Did Blanche Berenzweig profited illegally when she allegedly had an attorney with whom she shared an office draft a will naming her beneficiary of a reclusive Milwaukee man estate valued at $1.6 million? Milwaukee County Circuit Judge Marshall Murray ordered that a trial be held this fall to determine who... Continue reading
Image
As the U.S. population aging, so too does the need for court appointed guardians. There is also increasing concerns of abuse of power. Pennsylvania courts have decided it is time for a thorough review. In Pennsylvania, when Adult Protective Services intervenes, statistics show that agencies overwhelmingly prefer professional guardians over... Continue reading
Image
The New Jersey Supreme Court has ‘firmly established in our case law’ that a will may be set aside based upon a demonstration that it was procured through undue influence. This is a big deal! A New Jersey husband and wife, Frank Picciolo and Angelina Picciolo, appealed a 2013 probate... Continue reading
Image
This mess was created when the Will failed to address the provisions in the by-laws of three closely held corporations which were the bulk of this estate. The Mississippi Supreme Court heard the appeal of a dispute between a mother and son, Carolyn Ware ("Carolyn") and Richard Ware ("Richard"), regarding... Continue reading
Image
At a time in your life when you may feel you have earned a certain amount of stability comes the federal government to muck it up with its maze of government rules to create unexpected outcomes. That’s certainly the case for 2018 Medicare premiums. The standard Part B premium remains... Continue reading
Image
Is a digital will or ‘e-will’ as it is commonly referred to a legal estate planning document? The new, bleeding edge technology does not yet conform to most state statutes. Only Nevada currently has a statute governing these wills, and the governor of Florida recently vetoed a proposed electronic wills... Continue reading
Image
Secrecy is the key to bitcoin or cryptocurrency. It’s invisible, so there’s some degree of mystery surrounding this new type of money. Cryptocurrency like Bitcoin is now a becoming more mainstream. One question that is being asked more frequently these days, is what happens to your cryptocurrency when you die?... Continue reading
Image
We have all seen many stories in the news lately about families fleeing wildfires, hurricanes, and other natural disasters. They were followed by stories of survivors picking through the wreckage. One lesson for all of us: we need to be prepared. Here are some ways to improve our financial readiness,... Continue reading
Image
The new estate tax law allows a bit more than $11 million per person to be passed to children or other non-charitable heirs, free of federal gift or estate tax. With aggressive techniques, a couple could use their combined $22 million tax exemption to transfer more than a quarter-billion of... Continue reading
Image
Negotiating a divorce settlement can be a real chore. In addition, with a contentious, financially-complex divorce, the process can take months or even years. According to the article, many women are disappointed to learn that all their divorce-related financial troubles aren’t neatly resolved when their ex-signs the settlement documents. It... Continue reading
Image
For me, a reverse mortgage is a plan of last resort. However, we are living longer and our financial resources are finite. Therefore we can't take a reverse mortgage out of a retirement plan. A reverse mortgage lets you take tax-free cash equity out of your home, as you continue... Continue reading
Image
While there’s no magic formula that will give you the right answer, you can estimate costs. Here's how: Phase One: Retirement Day to 80+. This is the phase in which folks are very active, like playing a lot of golf, enjoying vacations and new hobbies. Some say that retirees’ cost... Continue reading
Image
It's hard to believe that twenty years have passed since Michael Schiavo filed a petition to have his wife's life support removed. In many ways, we are still no closer to solving these issues of life and death. In 1990, a 26-year-old woman sustained a heart attack as a result... Continue reading
Image
In the ongoing difficult borrowing environment, some potential homebuyers have found the best way to finance a purchase is not from a major commercial bank, but from the “family bank” instead. As long as IRS guidelines are followed, the transaction can be remarkably appealing, with more flexible lending terms, IRS-required... Continue reading
Image
The median cost of adult day health care in our country is more than $1500 a month. It is $3,750 for an assisted living facility, $3,994 for home care services and $4,099 for home health aides. And, if you want some privacy, the median cost is $7,148 for a semi-private... Continue reading
Image
An 81-year-old woman with a sore jaw died just weeks after an unbelievable careless mistake: Doctors at a Detroit-area hospital mistakenly performed brain surgery. A Michigan jury recently returned a $20 million verdict in favor of Bimla Nayyar’s estate. However, her family won’t get any of it. That is because... Continue reading
Image
Ingvar Kamprad leaves only a fraction of his billions to his family. IKEA founder Ingvar Kamprad died late last month at age 91. He was one of the richest people on earth, thanks to the great success of his retail furniture empire. The notoriously frugal entrepreneur was ranked number eight... Continue reading
Image
A woman judged insane at the time she stabbed her husband is not entitled to pension benefits as his surviving spouse, the U.S. Court of Appeals for the Seventh Circuit. The Employee Retirement Income Security Act (ERISA) generally would require the pension plan to pay the benefits to the woman,... Continue reading
Image
Far too many Americans undervalue their employer-sponsored retirement savings accounts, especially when their employer is willing to match some, or all, employee contributions. While most workers with 401(k) plans contribute more than enough to take full advantage of their employer's matching program, there are still about 20% of people who... Continue reading
Image
struggle to find a buyer. Not so, however, if it's the Manhattan home of Greta Garbo—the screen star who retired from Hollywood and led an intensely private life. That choice only increases her fans’ fascination. Greta Garbo’s home for nearly 40 years sold recently for $8.5 million, a 43% premium... Continue reading
Image
Likely, the only result of the current investigation into the death of Natalie Wood might be a change to the beneficiary of her estate. As the surviving witnesses to Natalie Wood’s 1981 death come forward to change their stories, her 88-year-old husband Robert Wagner is once again “a person of... Continue reading
Image
We’ve seen a lot of disasters recently. Hurricanes, floods, fires, and earthquakes seem to make the news every month. Unfortunately, disasters happen. It how you prepare for them however that makes the difference. Two of the biggest retirement disasters that can befall you in retirement? The first is long-term care... Continue reading
Image
Johnny Hallyday, known as the French “Elvis”, died recently with a will leaving everything to his fourth wife contrary to French law. Two of children of the late French rock star Johnny Hallyday plan to contest his will, with family tensions ready to boil over after he left his entire... Continue reading