This is Adams Miller's Typepad Profile.
Join Typepad and start following Adams Miller's activity
Join Now!
Already a member? Sign In
Adams Miller
Recent Activity
Image
While the details change somewhat from survey to survey, there is something that appears to hold true in almost all studies about inheritances. It is that parents and their children have far different expectations about how much the children will inherit. Most people do not really know how many assets... Continue reading
Posted Apr 14, 2017 at Adams Miller LLP
Image
Not all disputes over an estate are worth bringing. A recent case from the U.K. illustrates why. It is not unusual for people to not get along well with their stepparents. It is the source of many family feuds over estates when adult children of the deceased think a stepparent... Continue reading
Posted Apr 12, 2017 at Adams Miller LLP
Image
It used to be that once you executed an irrevocable trust, you were more or less stuck with its terms. That is no longer the case. Irrevocable trusts are often far superior to revocable trusts for many reasons, not the least of which is taxes. However, the big drawback to... Continue reading
Posted Apr 10, 2017 at Adams Miller LLP
Image
Michigan recently became the 17th state to allow asset protection trusts. While these trusts are controversial, they are a good option for people who want to shield their assets from creditors. People have always wanted the ability to protect their money from current or future creditors. It is only natural.... Continue reading
Posted Apr 7, 2017 at Adams Miller LLP
Image
We’ve all heard that it’s better to give than to receive, but if you think you might someday want to apply for Medicaid long-term care benefits, you need to be careful because giving away money or property can interfere with your eligibility. Under federal Medicaid law, if you transfer certain... Continue reading
Posted Apr 6, 2017 at Adams Miller LLP
Image
The impact of the Republican plan to replace the Affordable Care Act is contested. The Congressional Budget Office says that it would eventually reduce health insurance premiums by as much as 10%. How the bill would do that, could be concerning to many older Americans. The non-partisan Congressional Budget Office... Continue reading
Posted Apr 5, 2017 at Adams Miller LLP
Hi, my name is Bill Miller. I’m an estate planning and elder law attorney here in Alabama. One of the most frequently-asked questions I get is “do I have to probate a will in Alabama?” The answer is that it depends. A will controls the assets that someone owns in... Continue reading
Posted Apr 4, 2017 at Adams Miller LLP
Image
People who are not married and who do not have children, often think they do not need wills. They are wrong. One of the primary reasons why people get estate plans is to make sure that their spouses and children are provided for, after they pass away. On the other... Continue reading
Posted Apr 3, 2017 at Adams Miller LLP
Image
To help offset the costs of the estate tax, many wealthy people purchase survivorship insurance. Now that a repeal of the federal estate tax is possible, some might be considering dropping those insurance policies. However, that might not be a good idea. Paying the federal estate tax has never been... Continue reading
Posted Mar 31, 2017 at Adams Miller LLP
Image
On the whole, Americans are woefully unprepared for retirement. If current trends continue, it will be an even bigger problem than you might imagine. When it comes to Americans and retirement savings, study after study shows the same thing. The average American saved far less than experts think they will... Continue reading
Posted Mar 29, 2017 at Adams Miller LLP
Hi, my name is Bill Miller. I’m an estate planning and elder law attorney here in Alabama. One of the most frequently-asked questions I get is what is the difference between probate and non-probate assets in Alabama? Probate assets are those assets that someone owns solely in their name when... Continue reading
Posted Mar 28, 2017 at Adams Miller LLP
Image
Alzheimer's is so expensive to treat, that it presents a very real threat to both Medicaid and Medicare. The mostly costly disease to treat is Alzheimer's. A total of one out of every five dollars is currently spent by Medicaid and Medicare to treat the disease. If the costs are... Continue reading
Posted Mar 27, 2017 at Adams Miller LLP
Image
In most states, transferring your house to your children (or someone else) may lead to a Medicaid penalty period, which would make you ineligible for Medicaid for a period of time. However, there are circumstances in which transferring a house will not result in a penalty period. One of those... Continue reading
Posted Mar 24, 2017 at Adams Miller LLP
Image
If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift. The $14,000 figure is the amount of the current gift tax exclusion (for 2015 and 2016), meaning that any person who gives... Continue reading
Posted Mar 23, 2017 at Adams Miller LLP
Image
People make all kinds of mistakes in planning for retirement. One of the most common is something that some do not often think of as a retirement issue. It is not having an estate plan. You have probably seen so many commercials about retirement that you are almost immune to... Continue reading
Posted Mar 22, 2017 at Adams Miller LLP
Hi, my name is Bill Miller. I am an estate planning and elder law attorney here in Alabama. One of the most common questions we get from people is what is a life estate. A life estate is an interest in property, in real property, where you retain the right... Continue reading
Posted Mar 21, 2017 at Adams Miller LLP
Image
Researchers may have found an important new discovery about the causes of Alzheimer's disease. It could be related to high sugar diets. While some researchers search for treatments and possible cures for Alzheimer's disease, others are focused on trying to discover what causes it. If the specific reasons are found... Continue reading
Posted Mar 20, 2017 at Adams Miller LLP
Image
Caregiving for an elderly relative is something that the majority of Americans think they will eventually have to do. However, most are not prepared for how much it could cost them. In a recent survey, 40% of American's responded that they are caregivers and another 20% reported that they believe... Continue reading
Posted Mar 17, 2017 at Adams Miller LLP
Image
Sen. Chuck Grassley has recently predicted that Congress will likely pass the Elder Abuse and Prevention Act this year. For several years now, elder law advocates have been pushing Congress to pass legislation to help prevent elder abuse in the U.S., which statistics show is a growing problem. Despite no... Continue reading
Posted Mar 15, 2017 at Adams Miller LLP
As an Alabama Estate Planning and Elder Law Attorney, one of the most frequently asked questions that I get is "What is a Special Needs Trust?" Hi, my name is Bill Miller. I am an estate planning and elder law attorney here in Alabama. One of the questions I get... Continue reading
Posted Mar 14, 2017 at Adams Miller LLP
Image
Wealthy people who do not have estate plans, are making a risky bet that nothing will happen to them and that they will have time to make plans later. It is commonly assumed that people delay getting estate plans because they prefer not to think about their own deaths or... Continue reading
Posted Mar 13, 2017 at Adams Miller LLP
Image
Over the next few decades, the largest transfer of wealth from one generation to another will occur. Americans are largely unprepared for it. Imagine that you had $3.2 trillion. Imagine that you were about to give all of it to someone else. If you did not prepare for how that... Continue reading
Posted Mar 2, 2017 at Adams Miller LLP
Image
An Oscar nominated movie has brought to many parents' attention, the uncomfortable question of what will happen to their children after they pass away. Imagine that your brother has recently passed away and you are notified that you have been named as the guardian of your brother's teenage son. Acting... Continue reading
Posted Mar 1, 2017 at Adams Miller LLP
Image
Everyone knows that attorneys can be expensive. To take advantage of this fact, services have sprung up that offer cheap legal documents. Some states have created professional positions for people to help fill out cheap legal documents. Using these services, may not be the best idea. Very few good estate... Continue reading
Posted Feb 28, 2017 at Adams Miller LLP
Image
In the last months of the Obama administration, the Centers for Medicare and Medicaid Services enacted sweeping new regulations on nursing homes. Some elder law advocates fear they might be repealed by Congress or the Trump administration. Nursing home care in the U.S. is uneven. The quality of care can... Continue reading
Posted Feb 27, 2017 at Adams Miller LLP