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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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Advance planning is the key to managing many of the tough issues that arise when you’re handling finances for someone with dementia. Fortunately, if a parent has given their loved one a power of attorney, it lets them make financial decisions when that parent cannot manage these duties for themselves.... Continue reading
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If you’re accustomed to setting timelines in your life, when it comes to serving in the executor role, you’ll likely find it difficult because settling an estate can be impacted by many things far beyond your control. The answer to how long it takes to settle an estate when you... Continue reading
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There can be a negative ripple effect when it comes to common misunderstandings of IRA rules. IRAs are distributed differently than other assets, during life and after death. Your IRA beneficiaries may qualify for special tax breaks that are often overlooked. They can’t change ownership during life or be jointly... Continue reading
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Because of the high costs of long-term care, some people are considering long-term care insurance to pay these bills. However, if you’re considering purchasing this insurance, you need to know that it is costly, (although not as expensive as self-insuring would be) very complex and not everyone will qualify. Health... Continue reading
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As the year winds down, questions are popping up about the new military blended retirement system, when a person needs to decide whether to switch to the new system and how to determine which plan is better. If you joined the military from 2006 through 2017, then you have from... Continue reading
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If you're counting on Medicare to cover your healthcare costs after you turn 65, you may be in for a shock that could mess up your retirement. Even for seniors who purchase optional Medicare supplementary plans (known as Medi-gap Insurance because they cover expenses that Medicare doesn't), healthcare costs may... Continue reading
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According to the AARP, about 23 million Americans care for their elderly parents. Granny pods or micro-houses are compact enough to fit in your backyard. One of life's biggest challenges for the sandwich generation is finding a suitable place for an ailing mom and dad to live during their golden... Continue reading
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According to the U.S. Census Bureau, remarriage among Americans ages 55 and older is increasing. That can create several complex financial, legal, and emotional matters that should be addressed. Couples who are marrying for the second (or third) time frequently have financial baggage. You should eliminate issues later in the... Continue reading
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Health care costs are sky-rocketing. For seniors or those who need help with some daily activities, the costs can easily run into thousands of dollars. A 2015 cost of care survey from insurance company Genworth Financial estimated the national median cost of care for a home health aide to be... Continue reading
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Thrust into the national spotlight by the Rayhons case is whether a patient with dementia can consent to sex, or at what point a person with dementia is no longer able to consent. This is the second part of a two-part series. The Hebrew Home is a well-known nursing home... Continue reading
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Sex harassment is a big issue these days. But less public is a component of that issue: when does yes mean yes, specifically when dealing with sexual consent by those with dementia. This is the first in a two-part series. When can a person with dementia consent to intimacy and... Continue reading
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Some farmers think to themselves, “I’m not that old yet” and “Why deal with this now?” The reason to address this sooner rather than later is that bequeathing a farm is a process, not an event. It should be a gradual transition that allows ample time to resolve unexpected and... Continue reading
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Estate taxes have been in the crosshairs of many for anyone that views them as an onerous form of double taxation; taxing the money a second time after income taxes had been paid. A big component of the tax reform plan released by the White House and Republicans involves eliminating... Continue reading
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Emil Simonetti lived a life of service so it was no surprise that his estate plan established many charitable bequests. The late Emil Simonetti was an extremely dedicated philanthropist in New Jersey, who supported Atlantic Health System’s Chilton Medical Center and his community for many years. Those who knew him... Continue reading
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Pet therapy is gaining acceptance within the medical community as a valid means of improving the mental, emotional and physical health of the elderly. Pet therapy is nothing new. As early as 18th-century dogs were used for therapeutic purposes when it was discovered that they boosted the morale of elderly... Continue reading
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Along with a trust, there are medical, financial, and other important decisions that come into play in estate planning. There’s often confusion between the similar sounding Living Will and Living Trust. The first is for medical purposes, and the second is for financial needs. A Living Will provides a trusted... Continue reading
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If the estate tax is totally eliminated, this could be a game changer for those that are subjected to that “death tax”, but it still will not eliminate many of the most common estate planning mistakes. The Trump administration has set out its framework for tax reform, which includes the... Continue reading
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It’s the laws of the state where you are legally a resident, which will determine your estate planning. Being a snowbird, that is, living six months in Michigan or Nebraska in the summer and six months in Florida or Arizona in the winter can be a great lifestyle in retirement.... Continue reading
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What's the fastest way to deplete an estate? Fight over it! Prosecutors in a Texas forgery, theft and money laundering trial asked the court-appointed administrator of an estate how an $8 million estate can shrink to just $200,000 in two and a half years. The answer is attorney’s fees, IRS... Continue reading
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As America's aging population grows, the nursing home industry desperately needs to adapt to this frail, demanding generation. For many, a nursing home is the option of last resort and too many families are forced to quickly chose where to place their loved after an emergency arises. With Medicare (for... Continue reading
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Lifespans aren’t necessarily extending to offer equal time in the sun. As Congress pushes the retirement age higher and higher before entitlement funding, workers are forced to stay in careers longer. Lifespans aren’t necessarily extending to offer equal time in the sun. Data released recently shows that the health of... Continue reading
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Guardianships are a legal relationship that gives one person the authority to make decisions in the best interest of someone judged to be incapacitated. Imagine if a person were able to obtain a court order making her the guardian of a couple with no advance notice to them or to... Continue reading
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Is it possible that in planning for business succession you may be creating a better business plan? It may very well be that the day you open for business is not a minute too soon to think about your long-term exit strategy. From the beginning of your business, you need... Continue reading
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Yes and no…it all in the planning!! You can't give your required minimum distribution from a 401(k) to charity without triggering a tax, but you can donate your 401(k) RMD tax-free if you roll the money over to an IRA. Required Minimum Distributions (RMDs) are minimum amounts that a retirement... Continue reading
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Jonathan Burrell moved more than $19 million of the company’s stock in a string of insider transactions earlier this month. Jonathan Burrell of Kansas City is listed as the second-largest beneficial owner of Garmin stock with about 14.5% of outstanding shares. He has total beneficial ownership of more than 27... Continue reading