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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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When is a good time to discuss your inheritance, taxes, and estate planning with your parents? Many of us might reply: Never! By the same token, screaming at your sister in a fight over Mom’s Hummel figurines isn’t a pleasant thought either. No matter how you look at it, this... Continue reading
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Hobby Lobby’s Charitable Trust made a charitable contribution of appreciated property; unfortunately, the Tenth Circuit denied their 3.2 million dollar refund. Hobby Lobby describes itself as the largest privately owned arts-and-crafts retailer in the world, with more than 800 stores and 32,000 employees in 47 states. Hobby Lobby started as... Continue reading
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Long-term care (LTC) refers to a broad range of services that assist those with chronic conditions, such as cognitive impairment or a need of help to perform the essential activities of daily life (ADLs), such as dressing, bathing, eating, transferring in/out of a bed or chair, and continence. A U.S.... Continue reading
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It’s not uncommon for conflicts to arise in estate matters between stepparents and stepchildren, as tensions in blended families can carry over into disputes over an inheritance, beneficiary rights to a trust, or estate property. Some refer to this as “Stepmother Phenomenon” and it starts with the life expectancy gap... Continue reading
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Inherited IRAs and 401(k)s can be a great vehicle for passing assets to non-spousal beneficiaries but you have to know the basic rules so that these assets are not overtaxed or exposed to the claims of creditors. Inherited individual retirement accounts have been a common way to let non-spousal beneficiaries... Continue reading
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Now is a great time to make some key financial moves that can help you throughout the year and make it easier to reach your goals. Here are some steps to save money, take advantage of new financial strategies and protect your identity and your accounts: Review your insurance premiums.... Continue reading
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Georgia law enforcement has charged more than 3,000 people with elder abuse crimes since 2010. Residents are often neglected, abused and financially exploited. Concerned local citizens in Georgia told authorities that residents of a senior independent living facility were begging for food. Those complaints resulted in the arrest of three... Continue reading
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Medicaid is a needs-based government program administered by the states, with income and asset limitations that apply before you can qualify for the program’s assistance. To prevent individuals from just making quick transfers of their property, either outright or in a trust, to qualify for the Medicaid program, there’s a... Continue reading
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Our tax laws weren’t exactly user-friendly even before the Republican reforms. The question on the lips of every taxpayer now is how the new law will affect me over the course of the year and beyond? In one's review of the changes to the tax laws, there are a couple... Continue reading
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About 58 million people nationwide over the age of five identify themselves as disabled. That’s the largest single minority in the country. Millions of Americans want to help them. Since most federal and state benefits are "needs-based," you need to know that the government is always looking over the shoulder... Continue reading
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Los Angeles-area Probate Judge David J. Cowan told Charles Manson’s longtime pen pal and an attorney for Manson’s grandson, that a decision on the killer’s body and his property was still weeks away from any decision of disposition. The judge explained that dispensing with his property and his remains were... Continue reading
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The impact of financial fraud on the elderly is staggering: about $2.9 billion each year is attributed to these crimes. Financial exploitation is a significant concern. It occurs when criminals operate in the open with the victims' alleged consent. It can happen at a care facility, in the community, or... Continue reading
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While I have said this before and will likely offer this advice many times in the future, it is important to note that no matter your age or socioeconomic status, there are estate planning documents that literally every adult needs. Estate planning isn’t just about leaving assets to heirs. For... Continue reading
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The estate of Bob Schmidt, a local businessman, and community leader included a $500,000 gift to the Foundation. Co-executor of the estate and attorney for Schmidt, Joe Jeter, spoke about the generosity of Bob and Pat, his wife. “Throughout their lifetimes, Bob and Pat Schmidt were generous donors to charities,... Continue reading
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Three of Kansas’s most prominent law enforcement officers recently announced their commitment to support legislation during the current state legislature that would expand the definition of criminal mistreatment of an elderly person. Kansas Attorney General Derek Schmidt and the district attorneys for Johnson and Sedgwick counties have endorsed a proposal... Continue reading
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If you're thinking that 2018 will be the year you bring your career to a close, be sure to consider these key items first. How are my savings? While there’s no magic number, the general rule says you should try to have 10 times your ending salary saved before you... Continue reading
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Unless you're very rich or very poor, you should be looking into all of the long-term care possibilities out there. There is no easy way to plan for long-term-care expenses. According to the U.S. Department of Health and Human Services, 70% of those age 65 and over will need some... Continue reading
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Estate planning is actually about eliminating bad outcomes and confusion for those you may leave behind. Estate planning for your family may simply be the important task of protecting them and other loved ones. Work with an experienced estate planning attorney. If you’re a couple, you each need to have... Continue reading
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When it comes to nursing home rules, the eviction and appeals process can be daunting. Residents are often so intimidated by the process that when they receive an eviction notice, they just pick up and leave. They’re too afraid to do anything else. The recent case of California resident Gloria... Continue reading
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There is no doubt that there are shortcomings in the investigation of elder abuse. Pennsylvania wants to take a harder line with county agencies that were tasked with fielding nearly 30,000 complaints last year. The Pennsylvania Department of Aging has begun grading counties on a more aggressive compliance schedule, after... Continue reading
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The tax laws on gifts can be pretty confusing. It’s not unusual for parents and in-laws to help a young couple buy a house. The parent can gift money to them, but must the young couple pay taxes on the money? It is important to understand what taxes are–and aren't—owed... Continue reading
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Ways to avoid tax change once you retire. Ideas that worked while you were employed will likely no longer apply once you start collecting Social Security and RMDs. Retirees have some unique tax challenges. It can be hard to grasp the federal and state taxes on retirement benefits and investment... Continue reading
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Minnesota state lawmakers are proposing investigations into the office that itself investigates senior care complaints and say they’ll draft a law to give families more information. Lawmakers were told of a multitude of cases in which families were kept in the dark—often never even notified—while the state was investigating abuse... Continue reading
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Switching your tax status at the death of your spouse from filing jointly to filing as a single person as well as a few other changes that occur after losing a spouse, could mean a dramatically higher tax bite. However, there are ways to ease that burden. The death of... Continue reading
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Audrey Hepburn's will has been made public for the first time as evidence in a lawsuit filed by her son against her children's charity. At issue is the Hollywood star's name and likeness. Sean Hepburn Ferrer sued the Audrey Hepburn Children's Fund last fall for infringing trademark and other rights... Continue reading