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Moynihan Lyons PC
Riverside, CA
Estate Planning and Elder Law. For Today. For the Future.
Interests: Estate Planning, Elder Law, Probate, Medi-Cal, Aid and Attendance, Seniors
Recent Activity
You can get the money early. However, it can also be painful if you make errors. You can take money out of your retirement savings early. However, you should be careful because it can be costly, according to CNBC in “How to tap your retirement savings without getting hit with... Continue reading
Posted yesterday at Moynihan Lyons PC
It is wise to work toward not HAVING to go back to work. Looking ahead to retirement isn’t just about putting the money away for retirement funds. You also have to recognize that you are entering a new phase of life and not only have to prepare for it but... Continue reading
Posted 2 days ago at Moynihan Lyons PC
A medical emergency or unexpected death arises and are the proper documents prepared? When an emergency or sudden death arises, you can suddenly find yourself in a position of having to make difficult decisions to handle the situation, as well as consider estate planning options, according to The Union in... Continue reading
Posted 3 days ago at Moynihan Lyons PC
Want a nest egg when you retire? Start early and save often. By now, we are all pretty much aware that an IRA is a good way to support your retirement efforts. However, it is also important to avoid mistakes along the way, according to Born2Invest in “Retirement planning: 8... Continue reading
Posted 4 days ago at Moynihan Lyons PC
Just what is it that make the elderly targets of financial abuse and what can you do about it? Since it is estimated one in 10 senior citizens will experience elder financial abuse, it is a good idea to minimize your chances of being a victim, according to The Kansas... Continue reading
Posted 5 days ago at Moynihan Lyons PC
Retirement plans, such as a 401(k), allow you to plan for later years. However, they aren’t free. Retirement options are a wonderful opportunity as one plans for their later years following a long employment history. However, it is best to be wary and not just follow the herd, according to... Continue reading
Posted Oct 12, 2018 at Moynihan Lyons PC
The IRS is not likely to forget you, just because you have left the workforce. The IRS has been working to make all taxpayers, including retirees, know that they should make sure they are withholding sufficient funds from their pensions and annuities or face some pretty tough penalties, according to... Continue reading
Posted Oct 11, 2018 at Moynihan Lyons PC
The survivor often finds strength to carry on and live a rewarding life. A recent study by Merrill Lynch and Age Wave takes a close look at what happens when a spouse dies, according to CBS News’ Moneywatch in “A retirement planning must-do for married couples.” “Widowhood: The Loss Couples... Continue reading
Posted Oct 10, 2018 at Moynihan Lyons PC
Digital is a relatively new asset area and will most likely grow the future. There are many challenges to settling an estate, including distributing assets and possessions as well as carrying out other tasks in the estate. Now there is a new challenge—digital assets, according to The-Parallax in “How to... Continue reading
Posted Oct 9, 2018 at Moynihan Lyons PC
Do you want to decide your estate plan or leave it up to the state to decide? The creation of an estate plan is something that causes hesitation in many Americans. However, there are some very good reasons why you shouldn’t delay, according to Forbes in “6 Reasons Why You... Continue reading
Posted Oct 8, 2018 at Moynihan Lyons PC
Do stricter laws in New York put your heirs at risk, when inheriting firearms? New laws enacted in New York, after the Sandy Hook shootings, aim at creating safeguards but also may leave family members who inherit weapons at risk, according to the New York Law Journal in “Death of... Continue reading
Posted Oct 5, 2018 at Moynihan Lyons PC
An advanced directive can give you as well as your loved ones peace of mind. Do you want your preferences known, even if you are lack the capacity to communicate them? Then you need to create an advanced directive, according to the Valley News in “Advance Directives Provide Clear Guidance... Continue reading
Posted Oct 4, 2018 at Moynihan Lyons PC
If you have found your niche, now its time to take advantage of it. Are you in your 50s and now have some disposable income? It is time to take advantage of retirement planning opportunities, according to the Sioux City Journal in “In Your 50s? Do These 3 Things to... Continue reading
Posted Oct 3, 2018 at Moynihan Lyons PC
Some Americans want to hide money abroad, while other Americans just want to live there. Either way, be aware of FATCA and the IRS. Retirees who would like to live abroad in European countries or other nations, should carefully consider the law enacted by Congress to enforce financial compliance by... Continue reading
Posted Oct 2, 2018 at Moynihan Lyons PC
Do you really want the state to determine where your assets end up? Dying without a will, means that the “intestacy laws” of your state will determine your heirs. That may not result in your assets going where your would have preferred, according to The Daily News in “’Are You... Continue reading
Posted Oct 1, 2018 at Moynihan Lyons PC
Your lifestyle, budget and goals change. However, it is a good idea to go slowly on those adjustments. You start a family, you nurture the family and the kids move on to their own lives. It is a challenge in many ways and it is time to make adjustments, according... Continue reading
Posted Sep 28, 2018 at Moynihan Lyons PC
If you don’t begin planning, until a life changing event, you may find it is much more difficult. Business owners work hard to build a business and then decisions should be made to create a smooth transition, when the time comes to sell it or pass it on, according to... Continue reading
Posted Sep 27, 2018 at Moynihan Lyons PC
Your Social Security is yours. You worked for it and it should work for you. Social Security is most likely just one part of your retirement plan and you should research how to make it work best for you, according to AZ Central in “Retirement planning: Connecting the dots between... Continue reading
Posted Sep 26, 2018 at Moynihan Lyons PC
It is best to make the decision early and begin planning. If you are considering aging in place, the best approach may be to begin planning early, according to in “BBB On Homes: Focus on several things when aging in place.” The Centers for Disease Control and Prevention define... Continue reading
Posted Sep 25, 2018 at Moynihan Lyons PC
A daughter has some problems, as siblings are hurt by parent’s estate planning intentions. Families can grow together with brothers and sisters under the same roof. As time goes by and aging parents must make tough decisions, things can get difficult with feuds developing. An estate planning attorney can help... Continue reading
Posted Sep 24, 2018 at Moynihan Lyons PC
The settling of her estate is likely to follow in the footsteps of Prince’s estate. Aretha Franklin has passed away, leaving an $80 million estate and no estate plan, according to Investment News in “Aretha Franklin estate echoes planning problems of Prince.” Franklin was not married so the estate will... Continue reading
Posted Sep 21, 2018 at Moynihan Lyons PC
‘Divorce gap’ can have an impact on income, as well as on retirement planning. A study from the Center for Retirement Research at Boston College found that divorced women historically are better off than single, never married women, because of the assets they have accumulated before divorce, primarily home ownership.... Continue reading
Posted Sep 20, 2018 at Moynihan Lyons PC
There are many kinds of trusts. They aren’t just for the wealthy. Everyone needs an estate plan. However, everyone should also at least consider a trust, according to The New York Times in “Life After Death? Here’s Why You Should Have a Trust.” It turns out that many people who... Continue reading
Posted Sep 19, 2018 at Moynihan Lyons PC
An estate plan is always important, if you have a family and even if you don’t. Estate planning is especially important for families just starting out and is also important for setting up a plan to pass on assets in later years, according to the Lodi News Sentinel in “Planning... Continue reading
Posted Sep 18, 2018 at Moynihan Lyons PC
Make plans for handling an issue, before it becomes an issue. The legal issues that may surround a health problem, can go from bad to worse if you are not protected by legal documents expressing your wishes, according to the New Jersey Herald in “The importance of putting plans in... Continue reading
Posted Sep 17, 2018 at Moynihan Lyons PC