This is Idaho Estate Planning's Typepad Profile.
Join Typepad and start following Idaho Estate Planning's activity
Join Now!
Already a member? Sign In
Idaho Estate Planning
Eagle, Idaho
Recent Activity
Image
Understanding the differences between Alzheimer's and dementia can be confusing. The terms and definitions of these conditions are frequently thought to be interchangeable as patients, families and caregivers come to believe that one simply means the other. Doctors and other healthcare professionals have even been known to contribute to this confusion as they tend to prefer using the word "dementia" when "Alzheimer's Disease" (AD) is the appropriate diagnosis. "Dementia" simply sounds less frightening. Continue reading
Posted 13 hours ago at Idaho Estate Planning
The comedian Robin Williams hadn't been deceased for long when a fight erupted over some of his belongings. Williams' third wife and his three children from a previous marriage landed in court with a dispute over personal items, including Williams' watches. When assets are being passed on to children from a prior marriage, trouble can quickly ensue. Having a clear will and a sound trust can help ease tensions. But experts are advising people who remarry to have even stronger asset defenses—prenups and even postnups that are highly detailed and clearly laid out. The message from the experts is simple: You can never have too many documents backing up your intentions. Continue reading
Posted 3 days ago at Idaho Estate Planning
You can't afford NOT to do Medicaid Planning. First, such planning may not cost as much as you think. More importantly, compared to what is at stake, the cost to protect your assets and put care in place is definitely worth it. Continue reading
Posted 4 days ago at Idaho Estate Planning
Image
Each type of fraud has a different age spectrum. Investment scams peak around age 65, and work-from-home scams, dating scams, weight loss, and most Internet scams are more common at a bit younger age. Finally, theft by family members peaks much later. Continue reading
Posted 5 days ago at Idaho Estate Planning
Image
No matter how old you are, you're still your parents' child. Someday, however, they may need to rely on you for help when it comes to their finances. With an aging population, loved ones must grapple with how to help their elderly parents manage their finances. Regardless of whether you and your parents have always talked freely about money or never discussed the subject, there are several considerations you may want to address with them as they approach their later years. Continue reading
Posted 6 days ago at Idaho Estate Planning
Image
Gaining control over our finances is usually at or near the top of all New Year’s resolutions. What many people don’t realize, though, is that good legal planning is an essential component of our financial health. Effective legal documents can protect us from costly divorces, lawsuits and exorbitant transfer taxes. Why then, do half of us not even have a will? Continue reading
Posted 7 days ago at Idaho Estate Planning
Leslie Sieleni found out her son had Down’s syndrome when he was 5 days old. Now 14, Sean Sieleni talks about driving a car, going to college, living on his own and getting a job. His mom supports those dreams, but she worries. One thing that eases her mind is the prospect of Minnesota authorizing a new kind of savings plan that gets its first committee hearing soon in the state Senate. Continue reading
Posted Feb 20, 2015 at Idaho Estate Planning
Image
An important issue in dealing with wealth transfer for blended families is how the assets flow to the surviving spouse and family members or after the death of the surviving spouse. Ensuring the surviving spouse and his/her children are financially secure while providing an inheritance to your biological children can be accomplished through methods such as qualified terminable interest property trusts or irrevocable life insurance trusts. Both allow the assets of the deceased to flow in certain directions and potentially at certain intervals to ensure all parties receive a share of the wealth appropriately. Continue reading
Posted Feb 19, 2015 at Idaho Estate Planning
Image
After the death of a well-loved parent, family squabbles can erupt over vacation homes that have been in the family for generations—or things with much less value. These battles are often over items that aren’t financially worth an hour of the most inexpensive lawyer’s time! Continue reading
Posted Feb 18, 2015 at Idaho Estate Planning
Image
The late, legendary DJ Casey Kasem's daughter Kerri Kasem and family members staged a press conference at Stanley Mosk Courthouse in Los Angeles Friday to urge the Los Angeles Police Department to arrest Mr. Kasem's widow Jean Kasem. Jean Kasem removed Mr. Kasem, along with his surgically implanted feeding tube, from a Santa Monica hospital on May 7 and took him to the Seattle area, where he died June 15, 2014. Then she took his body to Montreal and Oslo, where it sat in a freezer for months until he was buried in an unmarked grave shortly before Christmas. "If this isn't a case of elder abuse, I don't know what is," said Kerri Kasem attorney Martha Patterson. "It's equivalent to taking a baby out of an incubator." Continue reading
Posted Feb 17, 2015 at Idaho Estate Planning
Image
Massachusetts regulators appear to be falling short in ensuring that nursing homes follow rules designed to improve care for some of their most vulnerable patients, those with dementia, a Globe review shows. Nursing homes have been notably slow to implement the improvements: Some have not completed the required staff training for dementia care that is required of all nursing homes and was supposed to be finished nearly three months ago, the Globe found in a random check of about one dozen facilities. Meanwhile, at least 40 nursing homes have asked for waivers to complete other upgrades required for facilities that specifically advertise special care for dementia patients, according to state data. And six have been cited for their failures, the state said. Continue reading
Posted Feb 16, 2015 at Idaho Estate Planning
Image
Millennials. You've grown up in an ever-changing world of technology, pop culture and reality TV. Ask any other generation, and their list of career options wouldn't include professional blogger, mobile app creator or YouTube star. You've seen the stock market fall apart in 2009, and as a result you are competing with older candidates who have 10 times the amount of work experience than you. It's a jungle out there. Where there is a con, there is always a pro. What you do have is easy access to mounds of information at your fingertips. You can learn from the past in ways that weren't available even a few years ago. You can turn money mishaps that your parents might have made into money victories for yourself. But first, you've got to get money smart. Continue reading
Posted Feb 13, 2015 at Idaho Estate Planning
Image
Legacy and estate planning with a Roth IRA may sound like a no-brainer. Roth IRAs intrinsically make phenomenal transfer of wealth vehicles. With reduced estate taxes and no income tax for heirs to pay on withdrawals, establishing a Roth IRA or even converting to one from a Traditional IRA seems to be a simple decision. However, as with most things financial, estate planning is not as simple as it is often portrayed. Below are three tidbits to keep in mind when planning for the financial security of future generations. Continue reading
Posted Feb 12, 2015 at Idaho Estate Planning
Image
Financial scammers who target elderly or vulnerable Minnesotans would face stiffer penalties under a law Gov. Mark Dayton included in his two-year budget proposal. The proposed law would tack on an additional $10,000 fine for consumer fraud crimes committed against vulnerable or older adults. That group could expand beyond seniors, but officials haven't yet decided on specifics. Continue reading
Posted Feb 11, 2015 at Idaho Estate Planning
Image
You've read all the New Year's resolution money-advice articles with their suggestions, sometimes trite, “Skip your morning coffee and save a fortune!” and sometimes vague, “Spend less than you make!” Gee, thanks for that. Sometimes you just need useful, specific suggestions to get a money task done, cross it off your list and get on with your life. Minding their money was a top New Year's resolution, even above weight loss, for people in a recent survey by Charles Schwab. Three of four people ranked “get your finances in check” as their first or second choice, compared with losing weight, getting a new job or volunteering more. Continue reading
Posted Feb 10, 2015 at Idaho Estate Planning
More people will be dependent on government entitlement programs that are already teetering on shaky ground. They will face needs they can’t afford, not the least of which involve health care and housing. The situation is scary enough to trigger a flight-or-fight response, and, unfortunately, political leaders have so far opted for flight. Continue reading
Posted Feb 10, 2015 at Idaho Estate Planning
Image
One day last summer, after he disputed nursing home bills that had suddenly doubled Mrs. Palermo's copays, and complained about inexperienced employees who dropped his wife on the floor, Mr. Palermo was shocked to find a six-page legal document waiting on her bed. Continue reading
Posted Feb 6, 2015 at Idaho Estate Planning
"If you live a long life, the chances are enormously high you're going to need some kind of care." Continue reading
Posted Feb 5, 2015 at Idaho Estate Planning
Image
One attorney calls it the "Get out of Dodge plan"—the best way to keep your assets intact before applying for Medicaid to cover nursing home costs. Continue reading
Posted Feb 4, 2015 at Idaho Estate Planning
Image
People have many options today for creating their own estate planning documents. Forms can be purchased quickly from websites and books. However, trying to create your own estate plan can actually be more expensive than hiring an attorney. Continue reading
Posted Feb 3, 2015 at Idaho Estate Planning
Image
Retirement brings the freedom to explore a new stage of life. But for many, after years of working for others, it also means assuming responsibility for generating a paycheck for decades. Continue reading
Posted Feb 2, 2015 at Idaho Estate Planning
Image
It is common, as time goes along, for the elderly to become unable to make sound decisions about a variety of issues includes finances, health care and managing themselves at home. Dementia, blindness, or frailty can all play a part in this loss of independence. Continue reading
Posted Jan 29, 2015 at Idaho Estate Planning
Image
Life happens and sometimes we can't put appointments off, but if you can, avoid going out when the weather is bad or later in the afternoon when it has warmed a little. Rescheduling appointments or cancelling due to bad weather is not just for you but for the good of everyone. Continue reading
Posted Jan 28, 2015 at Idaho Estate Planning
Image
This spring, Florida lawmakers will have a chance to stem abuses in the state's little-understood adult guardianship system by taking up measures that would make it harder for guardians and attorneys to disregard the best interests of the wards they're supposed to protect. Critics say the process of stripping away an elder's rights and taking over that person's assets happens too quickly in Florida, without enough notice to family, friends or even the prospective ward. With more Americans living into their 80s, cases of age-related dementia are increasingly becoming matters for litigation. In most states, anyone can apply to the court to determine that an elder lacks the capacity to make decisions, and place that individual under guardianship. Continue reading
Posted Jan 27, 2015 at Idaho Estate Planning
Developing a financially sustainable plan for retirement can be one of life's most stressful processes. Those considering retirement need time to look at the many factors – some of which are unknown – that affect us when we look into a future that we have not yet experienced firsthand. As retirees, we need to not only consider our income, but also our expenses over a retirement that could last as long as 30 years. Retirement for baby boomers and beyond includes a future where two of the most critical aspects of retirement planning – our health and longevity – remain unknowable. Continue reading
Posted Jan 26, 2015 at Idaho Estate Planning