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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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While most of the advice on this topic isn’t very different from what’s given to married couples, here are a few tips to consider, especially if you’re single. Start saving for retirement now. Many of us will bank on Social Security along with our own personal savings in retirement. Some... Continue reading
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New Jersey is one of the few states that still impose an inheritance tax. The inheritance tax isn’t based on the size of the estate—but rather on who receives the proceeds. New Jersey doesn’t impose an inheritance tax on transfers to a parent, grandparent, spouse, domestic partner, child, stepchild or... Continue reading
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Elder abuse is on the rise in this country; do you know the signs? The World Health Organization (WHO) has adopted the following definition of elder abuse: Elder abuse (also called "elder mistreatment," "senior abuse," "abuse in later life," "abuse of older adults," "abuse of older women," and "abuse of... Continue reading
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Are we in denial about our future? Statistics show that most Americans are in denial about senior care and their future needs. Roughly 70% of Americans 65 and older will require some type of long-term care. But few do enough or anything at all to plan for this. This is... Continue reading
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Start building your grandchild's nest egg early. In the midst of summer, teens and college students are typically working summer jobs. The income they earn can give their grandparents a chance to help them build a nest egg. Grandparents can contribute to a Roth IRA on their grandkids' behalf. Your... Continue reading
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The biggest reasons for choosing a living trust are for the privacy, the efficiency of avoiding public probate and for the protection that can be provided to beneficiaries, like protection from divorce, creditors, nursing home costs, and legal actions. This can be especially important for a beneficiary who may have... Continue reading
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No matter how busy you might be, it will only take a moment to fill out your beneficiary forms. Regardless of your income or net worth, there’s one estate planning task you should do right now: check the beneficiary designations for your life insurance policies, bank accounts, brokerage firm accounts,... Continue reading
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If you have the required documentation when you file a claim, it may take as few as five business days to receive a check. A common question in settling the affairs of a loved one, is how long it generally will take after that person dies for the life insurance... Continue reading
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Here’s news for high-income retirees who were hit with premium surcharges for Medicare Part B and Part D: they may need to pay a bit more in 2018. The income thresholds for the highest surcharge tiers are going to drop next year, affecting more beneficiaries with higher premiums. This recalibration... Continue reading
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Alan Thicke's widow is fighting back; her attorney filed a motion to dismiss last week, calling the sons’ petition for "instructions" on their dad's living trust, a misguided maneuver “premised on a make-believe contest where there is no real controversy". The lawyer said Alan Thicke's widow Tanya Callau never challenged... Continue reading
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Creating an estate plan requires that you and your attorney consider numerous uncomfortable possibilities. One of those is the fact that your spouse may someday remarry. Although the thought may not appeal to you, you should consider the possible financial consequences, especially your children’s welfare. If most of your estate... Continue reading
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A fake law firm going by the name of Walsh & Padilla has been offering estate planning services. The scheme’s website appears to be operated from South Africa and uses photos of lawyers taken from real law firm websites. The scammers mail letters to elderly people telling them they’ll be... Continue reading
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Here are some of the possible advantages and disadvantages of a 401(k) and an IRA. As of June 9, there are several new regulations from the Department of Labor concerning IRAs and qualified plans. Let’s look at the advantages and disadvantages of qualified plans and IRAs. 401(k): A 401(k) can... Continue reading
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There’s an underlying anxiety apparent among officials, who think that the issue will continue to plague at-risk Georgians until tougher protocols are put in place to track offenses. Even with a new statewide focus on the issue, Georgia doesn’t have an elder abuse registry like the states of Tennessee and... Continue reading
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At first, you might think your prayers have been answered. Here’s a cautionary tale about an elderly couple who love their home. Unfortunately, they are running out of money and may need to move. That’s why it was such a godsend when a letter came in the mail telling Betty... Continue reading
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You can create a lasting legacy in your community. Here are some ideas to consider when creating your lasting legacy. Consider the Charitable Organizations or Causes That You Feel are Important. Think about how you’d like to make your community better for future generations. A legacy gift will benefit a... Continue reading
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The most common way to leave money to a charity is with a “bequest.” The assets of a bequest are those you promise to give away after you pass away. This requires you to create or adjust your will. However, there are other ways of leaving money to your favorite... Continue reading
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The new law gives nursing homes an additional blanket of protection, typically not provided to others under the law. Formerly, the law in West Virginia stated that if someone is abused in a nursing home, the victim has two years to file a lawsuit. In addition to the two-year time... Continue reading
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The battle over tax reform will likely get personal! The Trump White House and Republicans say they want to streamline the tax system, by allowing Americans to file their returns using just a large postcard. To do that, they’re thinking of eliminating most of the individual deductions, except for mortgage... Continue reading
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You can create a lasting legacy in your community. Here are some ideas to consider when creating your lasting legacy. Consider the Charitable Organizations or Causes That You Feel are Important. Think about how you’d like to make your community better for future generations. A legacy gift will benefit a... Continue reading
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The court rejected Lynita Sue Nelson’s request that would have allowed her to invade her ex-husband’s self-settled spendthrift trust in order to meet his alimony and child support obligations. The court ruled that ex-husband Eric Nelson still had to pay $800,000 in alimony, back child support and tuition for his... Continue reading
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Brian Rolando was killed on May 7, 2016, when his Hummer rear-ended a party bus about 3 AM in Paterson, New Jersey. His estate now faces some legal issues because of the circumstances surrounding his death. Rolando's father, Maurice, is also named as a defendant because he owned the Hummer.... Continue reading
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What if you signed up for Medicare Part A when you turned 65 but didn’t enroll in Part B because you were still working and had health insurance from your employer? Now, at 68 you’re planning to retire this year. What do you need to do to enroll in Medicare... Continue reading
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A critical decision in your retirement planning is when to begin taking your Social Security payments. A wrong move can result in long-term consequences. Some Americans are beginning to see the financial benefits of waiting for their full retirement age (between 66 and 67 based on your birth year). But... Continue reading
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The home's value is generally determined through an appraisal that would establish the home's fair market value. If you have a home valued at over $1 million, it may sell close to that amount. Let’s say that you’re single and are 80 years old. You live with your widowed sister.... Continue reading