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Family Security Law Group, APC
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Long-term care (LTC) refers to a broad range of services that assist those with chronic conditions, such as cognitive impairment or a need of help to perform the essential activities of daily life (ADLs), such as dressing, bathing, eating, transferring in/out of a bed or chair, continence and toileting. A... Continue reading
Posted Jun 20, 2018 at Family Security Law Group, APC
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“In all different cases — will contests, trust contests, life-estate challenges, probate objections, elder financial abuse, deed revocations or joint-tenancy quarrels — the interests and paths of stepmothers and stepchildren often collide.” It’s not uncommon for conflicts to arise in estate matters between stepmothers and stepchildren, as tensions in blended... Continue reading
Posted Jun 18, 2018 at Family Security Law Group, APC
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“Inherited IRAs and 401(k)s can be a great vehicle for passing assets from these accounts to non-spousal beneficiaries.” Inherited individual retirement accounts have been a common way to let non-spousal beneficiaries inherit an IRA account and allow the account to continue to grow on a tax-deferred basis in the future.... Continue reading
Posted Jun 15, 2018 at Family Security Law Group, APC
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“Understanding how different assets are considered for Medicaid eligibility.” Medicaid is a needs-based government program administered by the states, with income and asset limitations that apply before you can qualify for the program’s assistance, says nj.com in the recent article, “How trusts fit in with Medicaid planning.” To prevent individuals... Continue reading
Posted Jun 13, 2018 at Family Security Law Group, APC
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“…President Donald Trump signed into law the sprawling tax bill that was hastily built out by Republican leaders over the past month. In doing so, he formalized a huge range of changes to how Americans — and American businesses — will pay their taxes.” In light of the fact that... Continue reading
Posted Jun 11, 2018 at Family Security Law Group, APC
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“Since most federal and state benefits are "needs based," the government is always looking over the shoulder of special needs persons.” About 58 million people nationwide over the age of five identify themselves as disabled. That’s the largest single minority in the country. Millions of Americans want to help them.... Continue reading
Posted Jun 8, 2018 at Family Security Law Group, APC
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“The fight over Charles Manson’s body and property became more complicated, after a hearing in a downtown Los Angeles courtroom Monday.” Los Angeles-area Probate Judge David J. Cowan told Charles Manson’s longtime pen pal and an attorney for Manson’s grandson, that a decision on the killer’s body and property was... Continue reading
Posted Jun 6, 2018 at Family Security Law Group, APC
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“No matter your age or socioeconomic status, estate planning is something you need to consider.” Estate planning isn’t just about leaving assets to heirs. A recent twincities.com article, titled “Your Money: Medical power of attorney: the missing piece of too many estate plans,” asks the reader to consider what would... Continue reading
Posted May 11, 2018 at Family Security Law Group, APC
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“The decision to retire, isn't one to be taken lightly.” If you're thinking that 2018 will be the year you bring your career to a close, be sure to consider these key items first, says The Motley Fool in the recent article, “Should You Retire in 2018?” How are my... Continue reading
Posted May 10, 2018 at Family Security Law Group, APC
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“Update your documents, such as wills and life insurance policies, to reflect births, divorce and other developments.” There are very few things as important as estate planning. If you don’t handle your business while you’re still alive, the consequences can be drastic for your heirs and loved ones. According to... Continue reading
Posted Apr 27, 2018 at Family Security Law Group, APC
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“Is an e-will, which exists only in a computer file, just a manifestation of another technological advance that can be accommodated by our statute of wills, or does it really test the boundaries of the law?” The New York Law Journal’s recent article, “Wills in the Digital Age” asks if... Continue reading
Posted Apr 27, 2018 at Family Security Law Group, APC
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“Getting ready for an emergency isn't just a matter of planning your escape route, packing emergency supplies, or shoring up your home's foundation. There's a financial element as well.” We have all seen many stories in the news lately about families fleeing wildfires, hurricanes, and other natural disasters. They were... Continue reading
Posted Apr 25, 2018 at Family Security Law Group, APC
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“The federal tax overhaul just doubled the amount of wealth you can pass to heirs estate-tax-free--without using any trusts or planning gimmicks.” Forbes’ recent article, “Trusts In The Age Of Trump: Time To Re-Engineer Your Estate Plan,” explains that the law allows a bit more than $11 million per person... Continue reading
Posted Apr 23, 2018 at Family Security Law Group, APC
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“To avoid post-divorce financial trouble, I recommend that you and your ex, through your attorneys, create an action plan setting forth what steps you will each take, and by when, to enact your settlement agreement.” Negotiating a divorce settlement can be a real chore. In addition, with a contentious, financially-complex... Continue reading
Posted Apr 20, 2018 at Family Security Law Group, APC
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“Seniors are living much longer these days, and many face the prospect that their financial resources will grow thin. If you’re one of these folks, a reverse mortgage could be part of your retirement plan.” A reverse mortgage lets you take tax-free cash equity out of your home, as you... Continue reading
Posted Apr 18, 2018 at Family Security Law Group, APC
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“According to the 2017 Genworth Cost of Care Survey, a widely used barometer for the industry, the median cost of adult day health care in the United States is $1,517 a month.” The median cost of adult day health care in our country is more than $1500 a month. It... Continue reading
Posted Apr 16, 2018 at Family Security Law Group, APC
“Ingvar Kamprad was one of the richest men on the planet. But his heirs will only get a fraction of his billions.” IKEA founder Ingvar Kamprad died late last month at age 91. He was one of the richest people on earth, thanks to the great success of his retail... Continue reading
Posted Apr 13, 2018 at Family Security Law Group, APC
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“A new generation of collectors is scouring the homes of deceased celebrities and business titans in search of relics from a bygone time.” A home with decades-old décor normally might struggle to find a buyer. However, The Wall Street Journal explains in its recent report, “Estate Sales Are Cool Again”... Continue reading
Posted Apr 11, 2018 at Family Security Law Group, APC
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“It's an unfortunate fact of life, but disasters happen. How you prepare for them makes a huge difference. Here's how to protect yourself from two of the biggest retirement disasters: long-term care costs and bear markets.” We’ve seen a lot of disasters recently. Hurricanes, floods, fires, and earthquakes seem to... Continue reading
Posted Apr 9, 2018 at Family Security Law Group, APC
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“When people hear the phrase “estate planning,” most think, “That’s for wealthy people.” While wealthy people, at least the prudent ones, take the steps to plan for their estate, this type of planning is about more than wealth. It’s actually about eliminating bad outcomes and confusion for those you may... Continue reading
Posted Mar 14, 2018 at Family Security Law Group, APC
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“Understanding what taxes are–and aren't—owed on money gifts.” It’s not unusual for parents and in-laws to help a young couple buy a house. The parent can gift money to them, but must the young couple pay taxes on the money? The tax laws on gifts can be pretty confusing, says... Continue reading
Posted Mar 5, 2018 at Family Security Law Group, APC
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“Tax-cutting strategies change once you retire. Some ideas that helped while you were working, no longer apply once you start taking Social Security and RMDs. Don't make these three common mistakes.” Retirees have some unique tax challenges. It can be hard to grasp the federal and state taxes on retirement... Continue reading
Posted Mar 2, 2018 at Family Security Law Group, APC
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“Audrey Hepburn's will has been revealed for the first time in her son's battle against her children's charity over the Hollywood star's name and likeness.” Sean Hepburn Ferrer sued the Audrey Hepburn Children's Fund last fall for infringing trademark and other rights belonging to him and Luca Dotti, his half-brother,... Continue reading
Posted Feb 28, 2018 at Family Security Law Group, APC
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"The new reality is that our lives are largely digital, and the artifacts of our digital lives have value, from both sentimental and financial standpoints.” A recent Morningstar article asks, “Do You Have a Plan for Your Digital 'Estate'?” The article reminds us that not every aspect of an estate... Continue reading
Posted Feb 27, 2018 at Family Security Law Group, APC
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“Solving the retirement puzzle can require using investments for liquidity and growth, insurance products for income and principal protection and possibly alternative investments for diversification. That requires a plan.” Kiplinger’s recent article, “Plot a Smoother Retirement Journey with a Written Income Plan,” explains that Social Security is expected to play... Continue reading
Posted Dec 13, 2017 at Family Security Law Group, APC