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Rial Moulton
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A fight over an estate in New York that is receiving a lot of attention, shows how difficult it can be to win a claim of undue influence in estate law. Micky Liu worked as an IT professional for HBO. He went with some friends to a casino in Atlantic... Continue reading
Posted yesterday at Washington Estate Planning
Due to a little-known provision in the rules for Social Security, President Trump can receive a sizeable bonus in his benefits. However, it is not known if he is actually receiving it. When Social Security was designed, husbands typically provided the sole income for the family, while their wives stayed... Continue reading
Posted 2 days ago at Washington Estate Planning
When it comes to estate planning, there are several mistakes that people can make in setting up specific legal instruments. However, most mistakes people make are far more basic. People who are looking to plan their estates, often have a lot of questions about what they should do. However, answering... Continue reading
Posted 3 days ago at Washington Estate Planning
When getting an estate plan many Americans are very price conscious. However, the cheapest way to get an estate plan might not be what is needed. Consumers typically like to pay as little as they can for something. This is a basic notion that companies, such as Amazon and Wal-Mart,... Continue reading
Posted 4 days ago at Washington Estate Planning
Americans can expect to live longer after retiring than previous generations. However, whether they will live better, is an open question that depends on individual choices. At first glance, Cecilia Chiang might seem like an exception. In some ways she is. The 98-year-old woman who retired in 1991, after a... Continue reading
Posted 5 days ago at Washington Estate Planning
Wealthy people are beginning to expect that they will personally live to be at least 100 years old. That has important implications for their planning. Rich people have most likely always lived longer, on average than the non-wealthy and that is certainly the case today. However, even the wealthy never... Continue reading
Posted May 18, 2018 at Washington Estate Planning
In the last few decades, women have made tremendous strides in the workplace. However, most married women still leave financial matters to their husbands. That can be a problem in their elder years. Women today can do almost anything in their professional lives. There are very few boundaries left that... Continue reading
Posted May 17, 2018 at Washington Estate Planning
If you are a caregiver for an elderly parent, you might need to assist them in planning for their estate, if they have not already done so. Many Americans find themselves in precarious financial situations after they retire. At some point, they are no longer able to take care of... Continue reading
Posted May 16, 2018 at Washington Estate Planning
A doctor who specializes in dementia has an idea for an advanced directive. It is designed to ensure that he does not continue working, when he is no longer able to do so, as effectively as he did when he was younger. When we think about people who suffer from... Continue reading
Posted May 15, 2018 at Washington Estate Planning
When a close family member passes away, there are certain steps that you should take, as soon as you possibly can. Death can be overwhelming for the family of the deceased. On top of the grieving process itself, there are many other things which families have to deal with. There... Continue reading
Posted May 14, 2018 at Washington Estate Planning
There is a very simple way to know when you should make changes to your estate plan. When you create an estate plan, the attorney who drafted it for you, will likely remind you to review the estate plan from time to time and make changes. This often prompts clients... Continue reading
Posted May 11, 2018 at Washington Estate Planning
People are planning more for their pet's care after the owner passes away today. They are also planning more for the personal items they have purchased for their pets. In the last few years, stories about wealthy people who have left large sums of money in their estate plans for... Continue reading
Posted May 10, 2018 at Washington Estate Planning
Estate planning is not just for the wealthy. People of more modest means can also benefit from it. It does not have to be difficult. When you start talking to people about planning their estates, they often respond in a similar way. It goes something like this: "I am not... Continue reading
Posted May 9, 2018 at Washington Estate Planning
People who suffer from dementia often act differently at different times of the day. It is common for many to get worse near sundown. If you use an alarm clock to wake up at the same time every day, you may reach a point where you do not really need... Continue reading
Posted May 8, 2018 at Washington Estate Planning
With a spousal lifetime access trust, you can avoid some estate tax issues without necessarily losing access to assets in the trust. However, there are some potential drawbacks. There is one common problem that people face when setting up a trust. They need to decide whether they want the trust... Continue reading
Posted May 7, 2018 at Washington Estate Planning
Last year JPMorgan lost an estate administration lawsuit. The damages against it were the 9th largest jury verdict in U.S. history. The bank may not be required to pay nearly the amount the jury awarded. Sometimes in the American judicial system, juries can become overzealous when it comes to the... Continue reading
Posted May 4, 2018 at Washington Estate Planning
By changing how they define Alzheimer's Disease, scientists hope they can better understand how it works and possibly find new treatments. Some diseases are very easy to define, especially when it involves something physical. For example, chicken pox is defined by the presence of the active virus in your bloodstream... Continue reading
Posted May 3, 2018 at Washington Estate Planning
New York recently became the first state to allow a new advanced directive that allows people to decide not to be given food or water, if they are incapacitated by dementia. Many people who suffer from dementia appear to be suffering greatly at the end of their lives, because the... Continue reading
Posted May 2, 2018 at Washington Estate Planning
Should you be notified that you are the potential beneficiary of someone's estate, then what happens next depends on state laws. When a will is filed in probate court, one of the first things normally required is to notify everyone who is named in the will or who may potentially... Continue reading
Posted May 1, 2018 at Washington Estate Planning
Studies have shown that an increasing number of retired Americans are choosing to return to work. The reason is normally not because they need money. Most people dream of the day when they no longer must work for a living. After a long work life, they dream of being able... Continue reading
Posted Apr 30, 2018 at Washington Estate Planning
Disputes over estates can go one for years or even decades. Sometimes the strain the long battle inflicts on the family, makes it better to give up the fight than continue. For years, everything about the way that Bobby McKee set up his estate plan appeared to be going well.... Continue reading
Posted Apr 27, 2018 at Washington Estate Planning
It is possible that a growing elderly population in the U.S., could lead to a shortage of caregivers available to assist the elderly. A couple of very large problems are looming on the horizon for the U.S., because of an increasingly aging population that is living longer on average than... Continue reading
Posted Apr 27, 2018 at Washington Estate Planning
The more potential heirs and beneficiaries that you have, the more likely it is that there will be disputes over your estate. If you have one child who will be the sole heir of your estate, the chances of disputes over the estate are fairly low. The one child is... Continue reading
Posted Apr 26, 2018 at Washington Estate Planning
Criminal scammers like to target seniors because they are often easier for them to fool. Most people have probably been the victim of a scam of some sort. Even if it was a benign scam, like someone tricking us into believing something that is false, it still counts as being... Continue reading
Posted Apr 26, 2018 at Washington Estate Planning
One of the benefits to creating a trust is that, unlike a will, it is easy to revoke some trusts and create new ones. That benefit has a potential downside. In some ways, wills can be tedious documents because they must be executed with all of the formalities required by... Continue reading
Posted Apr 25, 2018 at Washington Estate Planning