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Cincinnati Estate Planning Attorney
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Most Americans do not think about Medicaid very much. They think that it is just the health care program for poor people that they will not personally ever need. However, if you have any desire to live into old age, then you should be concerned about the debate over the... Continue reading
Posted yesterday at Cincinnati, Ohio Estate Planning
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People with a significant amount of debt should consider specifying how those debts should be paid in their wills. It could save their executors and heirs some headaches. Most people will pass away owing money to someone. It is unavoidable in America's credit based economy. Those debts we still have... Continue reading
Posted 2 days ago at Cincinnati, Ohio Estate Planning
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A mericans are not the only people in the world who have a difficult time finding accurate funeral price information. Australians have the same problem. One of the many small estate planning things people can do to make things easier on their families, is to plan ahead for their own... Continue reading
Posted 7 days ago at Cincinnati, Ohio Estate Planning
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You do not need to be wealthy to leave a lasting legacy and be remembered fondly after you pass away. For some people, one of the things that terrifies them most about passing away is that they might be forgotten. This is especially true for people who are not married... Continue reading
Posted Jul 19, 2017 at Cincinnati, Ohio Estate Planning
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In most states, an executor is allowed to go back in time and authorize estate actions that occurred between the time of a person's death and the time the executor is appointed. A case from Florida illustrates that they do not always have to use that authority. When a person... Continue reading
Posted Jul 18, 2017 at Cincinnati, Ohio Estate Planning
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One of the reasons people often cite for preferring to use a trust instead of a will, is the possibility of a family battle in probate court over a will. Trusts do not necessarily solve the issue of families feuding over estates. Stories about the families of wealthy or famous... Continue reading
Posted Jul 17, 2017 at Cincinnati, Ohio Estate Planning
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The Consumer Financial Protection Bureau recently posted an article that documents what type of complaints they receive from older Americans about financial institutions. In the aftermath of the financial crisis, Congress and President Obama decided that a new government agency was necessary to focus on consumers' problems with financial institutions.... Continue reading
Posted Jul 13, 2017 at Cincinnati, Ohio Estate Planning
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Estate planning is increasingly no longer about the laws of a single state or even a single nation. People often own property in several different jurisdictions. It used to be that, for all but a very few individuals, everything a person owned was located in one state. Someone who lived... Continue reading
Posted Jul 12, 2017 at Cincinnati, Ohio Estate Planning
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In conjunction with the recent 12th anniversary of World Elder Abuse Awareness Day, the Consumer Financial Protection Bureau detailed some of its efforts to help prevent financial abuse of the elderly. Stopping the financial abuse of the elderly has proven to be a difficult task. The abuse is widespread and... Continue reading
Posted Jul 11, 2017 at Cincinnati, Ohio Estate Planning
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Many people, in Cincinnati and elsewhere, would like to be buried in non-traditional ways. While some alternative funeral ideas are good ones, not all of them are, as a recent example in Nevada makes clear. A 92-year-old member of the Barstad family of Nevada had a request for his funeral.... Continue reading
Posted Jul 7, 2017 at Cincinnati, Ohio Estate Planning
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The best time to protect yourself against possible elder abuse is to do so long before it could ever be an issue. Both federal and state governments have recently started to pass laws to address the growing incidents of elder financial abuse in the U.S. While these laws are good... Continue reading
Posted Jul 6, 2017 at Cincinnati, Ohio Estate Planning
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It is traditional for parents to give any inheritances for their children in their estate plans for the children to receive after they pass away. However, some people prefer giving that money to their children before they pass away. People who have more income than they need for their own... Continue reading
Posted Jul 5, 2017 at Cincinnati, Ohio Estate Planning
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Married couples today that have dual incomes and no children, often think that they do not need to do any estate planning. They are wrong. Estate planning has traditionally been thought to primarily serve two important interests. It was a way for parents to provide for the well-being of their... Continue reading
Posted Jun 29, 2017 at Cincinnati, Ohio Estate Planning
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A court in Germany has ruled against a mother who was attempting to gain access to her deceased teenage daughter's Facebook page. For estate administrators and grieving families, Facebook has become one of the more notorious technology companies to deal with. When someone passes away, Facebook turns their Facebook Page... Continue reading
Posted Jun 28, 2017 at Cincinnati, Ohio Estate Planning
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The Texas Supreme Court recently had the opportunity to resolve a lower court split and determine whether or not a cause of action exists in Texas for tortious interference with inheritance rights. Read more about tortious interference with inheritance rights. Continue reading
Posted Jun 27, 2017 at Cincinnati, Ohio Estate Planning
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By 2050 it is expected that there will be 13.8 million Alzheimer's patients in the U.S. Families need to be prepared, since increasingly it is families taking care of the patients at home, not medical facilities. It has long been expected that, as Americans continue to live longer, the number... Continue reading
Posted Jun 22, 2017 at Cincinnati, Ohio Estate Planning
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When the Baby Boomers start passing away in greater numbers, the single greatest transfer of wealth in world history will occur, but the benefit might not all go to their heirs. Generally speaking, throughout their lives, the Baby Boomer generation has amassed more wealth than any previous generation. Since they... Continue reading
Posted Jun 21, 2017 at Cincinnati, Ohio Estate Planning
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A new study suggests that an important factor in whether people reach retirement age with adequate resources, is how much wealth they receive from their older family members. Some people, whether in Cincinnati or elsewhere, are able to retire comfortably while others are not. The difference between the two groups... Continue reading
Posted Jun 20, 2017 at Cincinnati, Ohio Estate Planning
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Whenever relevant tax laws change, it is important to update your will to reflect those changes, instead of relying on a court to make the changes for you. Wills are not necessarily set in stone after someone passes away. Under some circumstances, probate courts are able to change a deceased... Continue reading
Posted Jun 19, 2017 at Cincinnati, Ohio Estate Planning
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A New York judge who was recently found dead, made a large estate planning mistake following her divorce. Fortunately, her family appears to have worked everything out amicably. Judge Sheila Abdus-Salaam was the first African-American woman appointed to New York's highest court. She recently became a national figure not for... Continue reading
Posted Jun 15, 2017 at Cincinnati, Ohio Estate Planning
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A couple of new movies about Michael Jackson's life are scheduled to be released soon. They might not contain any of his music. Michael Jackson was known for several things during his life. He was known for his unique style, dancing and his often bizarre personal life. For people who... Continue reading
Posted Jun 14, 2017 at Cincinnati, Ohio Estate Planning
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The former chairman of Fox News was facing sexual harassment lawsuits. Now, that he has passed away, his estate inherits them. It has not been the best year for Fox News. A series of allegations of sexual harassment have been made against some of the biggest names at the cable... Continue reading
Posted Jun 13, 2017 at Cincinnati, Ohio Estate Planning
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Wealthy people should talk to their children about their wealth and what inheritances the children will receive. That conversation should happen when the children are ready to hear it. Parents who plan on leaving large inheritances for their children are in a bind. If they do not talk to their... Continue reading
Posted Jun 12, 2017 at Cincinnati, Ohio Estate Planning
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At the moment, it is difficult to know exactly what is going on in Washington D.C. and what might come from Republicans' tax reform plans. That makes flexibility in estate planning more important than ever. It is not completely unfair to say that the political system in the U.S. is... Continue reading
Posted Jun 8, 2017 at Cincinnati, Ohio Estate Planning
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New inexpensive genetic testing has the potential to ruin the business model of long-term care insurers. Long-term care insurance works in a similar manner to other forms of insurance. Policy issuers are banking on the fact that not everyone who pays premiums will be as expensive to care for as... Continue reading
Posted Jun 7, 2017 at Cincinnati, Ohio Estate Planning