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Family Security Law Group, APC
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“No one wants to talk about their death. It is not a pleasant conversation and it is generally awkward, emotional and uncomfortable.” It’s not that uncommon to learn that a decedent made all of the arrangements for his or her own funeral: this includes selecting a casket, the burial site,... Continue reading
Posted yesterday at Family Security Law Group, APC
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“Elder financial exploitation has been called ‘the crime of the 21st century.’” The U.S. Senate passed bipartisan legislation to step up enforcement against perpetrators of crimes targeting senior citizens. The Elder Abuse Prevention and Protection Act of 2017 was introduced by Judiciary Committee Chairman Chuck Grassley (R-IA) and Senator Richard... Continue reading
Posted 3 days ago at Family Security Law Group, APC
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“Many Baby Boomers might not be ready for retirement, but younger workers have a chance to do better–if they make the most of their 401(k)s.” Kiplinger’s recent article, “The 7 Most Common 401(k) Mistakes to Avoid,” provides three good news/bad news retirement plan statistics. First, the Investment Company Institute reports... Continue reading
Posted 6 days ago at Family Security Law Group, APC
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“A pet can't inherit property, but you can arrange for care after your death.” You want to plan for the care of your pets, in the event you pass before they do. Many people wonder if they can leave an entire estate to a pet and what happens after the... Continue reading
Posted Sep 13, 2017 at Family Security Law Group, APC
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One of the struggles that many parents have in estate planning, is determining what it means to be fair to all of their children. It can mean different things for different families. Parents understand that being fair to all of their children does not always mean treating them all the... Continue reading
Posted Sep 11, 2017 at Family Security Law Group, APC
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“I’m single, do I need to do anything differently with my finances?” According to a recent Forbes article, “5 Financial Planning Strategies For Singles,” most of the advice on this topic isn’t very different from what’s given to married couples. Nonetheless, here are a few tips to consider, especially if... Continue reading
Posted Aug 28, 2017 at Family Security Law Group, APC
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“Elder abuse may present itself in various ways and unfortunately is on the rise.” The Carroll County Times of Westminster MD recently reported, in an article titled “Know the signs of elder abuse and report it if necessary,” that the World Health Organization (WHO) has adopted the following definition of... Continue reading
Posted Aug 25, 2017 at Family Security Law Group, APC
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“Are we in denial when it comes to care down the road?” Statistics show that most Americans are in denial about senior care and their future needs, according to HomeCare in a recent article, “5 Ways to Sort Through Long-term Care Planning.” Roughly 70% of Americans 65 and older will... Continue reading
Posted Aug 23, 2017 at Family Security Law Group, APC
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“Help to start building your grandchild's nest egg early.” In the midst of summer, teens and college students are typically working summer jobs. Kiplinger Retirement Report explains in a recent article, “Seed a Roth IRA for Your Grandkids,” that the income they earn, can give their grandparents a chance to... Continue reading
Posted Aug 21, 2017 at Family Security Law Group, APC
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“Even though you’re busy, take a moment to fill out your beneficiary forms.” Regardless of your income or net worth, there’s one estate planning task you should do right now: check the beneficiary designations for your life insurance policies, bank accounts, brokerage firm accounts, and retirement accounts. You should update... Continue reading
Posted Aug 14, 2017 at Family Security Law Group, APC
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“If you have the policy and death certificate when you file a claim, it may take as few as five business days to receive a check.” A common question in settling the affairs of a loved one, is how long it generally will take after that person dies for the... Continue reading
Posted Aug 11, 2017 at Family Security Law Group, APC
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“There can be many benefits in having a living trust, dependent on your goals and how the trust is drafted.” The two biggest reasons for choosing a living trust are for the privacy and efficiency of avoiding public probate and for the protection that can be provided to beneficiaries, like... Continue reading
Posted Aug 9, 2017 at Family Security Law Group, APC
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Away at college—kids can: get seriously ill or be in an accident If your child is over age 18, he or she is an ADULT in the eyes of the law. Accordingly, parents lose the legal power to act on behalf of their own child, unless the child has given... Continue reading
Posted Aug 8, 2017 at Family Security Law Group, APC
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“If you have the policy and death certificate when you file a claim, it may take as few as five business days to receive a check.” A common question in settling the affairs of a loved one, is how long it generally will take after that person dies for the... Continue reading
Posted Aug 8, 2017 at Family Security Law Group, APC
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“When it comes to financial planning, one of the biggest debates can be about the best plan is to use. New regulations could play into making that decision.” A recent wjbf.com post, “Advantages and disadvantages to a 401k and an IRA,” explains some of the possible advantages and disadvantages of... Continue reading
Posted Aug 4, 2017 at Family Security Law Group, APC
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“Foreign lottery scams target millions of Americans each year.” At first, you might think your prayers have been answered. A recent woodtv.com article, “88-year-old nearly scammed by fake lottery, warns others,” tells the story of an elderly couple who love their home. Unfortunately, they are running out of money and... Continue reading
Posted Aug 2, 2017 at Family Security Law Group, APC
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“Many parents who have children struggling with addiction or mental illness are often too consumed with caring for those children in the present, to give any thought about how those children will be cared for when they are gone.” A question to consider in estate planning, if you have children... Continue reading
Posted Jul 31, 2017 at Family Security Law Group, APC
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“Although these are just two of the misconceptions regarding wills, they take on special significance because they relate to some of the most important assets owned by a person.” There are several misconceptions floating around in estate planning, and the Pauls Valley Daily Democrat reviews some misunderstandings about wills in... Continue reading
Posted Jul 28, 2017 at Family Security Law Group, APC
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“A charitable gift annuity provides a meaningful gift to charity, while improving your financial situation in two ways for the rest of your life: a steady stream of income and tax benefits.” In addition to making a meaningful gift to a charity, you can create a lasting legacy in your... Continue reading
Posted Jul 26, 2017 at Family Security Law Group, APC
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"Funerals cost $6,000 and up, but planning can help you cut the big expenses.” No one likes to talk about death, because it's considered taboo. But one subject even more taboo is money, contends gobankingrates.com. According to its article, “7 Money Secrets about Dying That No One Wants to Talk... Continue reading
Posted Jul 24, 2017 at Family Security Law Group, APC
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“IRAs were established to help Americans save for their future, and retirement savers should take advantage of tax shelters such as IRAs to build and grow their nest eggs.” A GOBankingRates.com survey found that one in three Americans has saved nothing for retirement. One great way to get started on... Continue reading
Posted Jul 21, 2017 at Family Security Law Group, APC
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“Sign up for Medicare Part B no later than eight months after you leave your job, or you could be hit with lifetime penalties.” What if you signed up for Medicare Part A when you turned 65, but didn’t enroll in Part B because you were still working and had... Continue reading
Posted Jul 19, 2017 at Family Security Law Group, APC
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“Exceptional care must be taken when considering how and when your inheritance is distributed to most children with special needs, because of the public benefits they may be receiving and the tax consequences involved” As parents, it’s hard to treat all children fairly, despite their different personalities and capabilities. Most... Continue reading
Posted Jul 14, 2017 at Family Security Law Group, APC
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“The longevity of successful retirement cannot be overstated, thus the importance of building, preserving and protecting one’s assets during retirement.” When we look at the steps taken in our investing lives, the basics are simple. As working investors in the initial stages, the priority is accumulation and growth. Therefore, we... Continue reading
Posted Jul 12, 2017 at Family Security Law Group, APC
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“Estate planning challenges include mastering financial markets, tax laws and other arcane technicalities.” The psychological issues in deciding how to leave your assets can be the hardest part of the process, says Wilmington Biz in the recent article, “Keep Mental Hang-Ups From Sabotaging Estate Planning.” The issues can range from... Continue reading
Posted Jul 10, 2017 at Family Security Law Group, APC