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Rowley Law
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“US Census figures reveal a clear correlation between premature death and premature retirement, according to an analysis by Cornell University.” The Daily Mail reports in its recent article, "Retiring early could kill you – especially if you're a man,” that US Census figures show a strong correlation between premature death... Continue reading
Posted 7 hours ago at Rowley Law
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“Monthly benefits will increase, on average, $27 in 2018. Or will they?” The Social Security Administration announced that 61 million beneficiaries will receive a 2% cost of living adjustment (COLA) beginning with benefits paid in January 2018. That's great news for seniors who received a 0.3% hike in 2017 and... Continue reading
Posted yesterday at Rowley Law
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“A look at what happens to assets when one spouse needs Medicaid.” Is it possible for a married couple to separate their assets so, if one of them winds up in a nursing home, the other's assets won’t be used up? nj.com’s recent article, “Married and protecting assets from Medicaid,”... Continue reading
Posted 2 days ago at Rowley Law
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“Picking a caregiver, creating a trust and other issues to consider.” Don’t just say offhand, “Pops, can you take Fluffy, if something happens?” and hope that Fluffy will have a nice long life with dad. As MarketWatch reports in its recent article, “How to provide for your pet in your... Continue reading
Posted 5 days ago at Rowley Law
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“I read somewhere that it is important to have a will and a living trust, if you own property.” The Washington Post answered a question in a recent article, “How a will and living trust will affect your survivors’ ability to sell your home when you’re gone,” about whether you... Continue reading
Posted 6 days ago at Rowley Law
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“The estate of Bobbi Kristina Brown has joined a $2 million lawsuit filed last week by the tragic music scion’s dad, Bobby Brown, seeking to block TV One from airing a biopic about her death.” Bobby Brown filed a lawsuit claiming that the film titled “Bobbi Kristina”—which will soon air... Continue reading
Posted 7 days ago at Rowley Law
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“Withholding certain facts or telling little white lies about your lifestyle and habits (both good and bad), may prevent your doctor from seeing the big picture, which can put your future health at risk.” Vanguard advised in a recent article, “The final keys to successful wealth transfer,” that you should... Continue reading
Posted Jan 9, 2018 at Rowley Law
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“Giorgio Armani has outlined a succession plan aimed at preventing his fashion empire from being split up, but the 83-year-old designer remained mum Monday on an eventual creative transition.” The Wealth Adviser reported in its recent article, “Giorgio Armani Outlines Succession Plan To Keep House Intact,” that Armani said after... Continue reading
Posted Jan 8, 2018 at Rowley Law
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“The estate of Walter Becker has responded to a lawsuit filed by his Steely Dan bandmate Donald Fagen over the ownership of the band” The estate of one of Steely Dan founders says bandmate Donald Fagen's lawsuit over ownership of the band is "riddled with half-truths and omissions." The estate... Continue reading
Posted Jan 8, 2018 at Rowley Law
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A Montgomery County couple could face the next 55 years behind bars, after a jury found them guilty Monday of scamming a 99-year-old man out of his life savings. Ana Beti Molina and Javier Molina of Silver Spring, Maryland, were found guilty of multiple felony theft charges. Their victim? A... Continue reading
Posted Jan 8, 2018 at Rowley Law
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“Consider the following four ways to leave a legacy to your heirs, your friends or your favorite charities.” The Northwest Herald’s recent article, “4 Ways of Leaving a Legacy” says that after toiling hard for many years in a career to accumulate wealth, you want to make certain that, at... Continue reading
Posted Jan 8, 2018 at Rowley Law
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“It is important when your older parents need assistance with long-term care and estate planning.” Say that an 82-year-old was recently diagnosed with Alzheimer's. His 78-year-old wife takes care of him. They have $1 million in retirement funds and want to set up a trust fund for their children who... Continue reading
Posted Jan 2, 2018 at Rowley Law
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“There are two types of powers of attorneys.” Estate planning is critical for everyone. That goes double for seniors. Basic estate planning means you’ve drafted and properly recorded legal documents, such as wills and powers of attorneys, and they’re all up-to-date. Wills written 20 years again after a child is... Continue reading
Posted Jan 1, 2018 at Rowley Law
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“When there's a marriage you're not happy about, how to protect your estate plan.” What if your daughter is getting married and you never have really liked the looks of her future husband? Perhaps you simply don't trust the guy. What if you regularly give her gifts of cash and... Continue reading
Posted Jan 1, 2018 at Rowley Law
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“Before you take a lump sum or lock in monthly payments, carefully consider the consequences for you, your spouse and your heirs. Once you make a move, there's no turning back.” You’re probably aware that few companies today offer pensions to new employees. For current workers, businesses froze the plans... Continue reading
Posted Jan 1, 2018 at Rowley Law
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“If you think an estate plan is just for the rich and famous, think again.” If you have assets, such as a 401(k), savings or brokerage account, or a home, you need to consider how those possessions will be distributed when you are gone. In its recent article, “How to... Continue reading
Posted Jan 1, 2018 at Rowley Law
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“If guitar legend Jimi hadn’t died of a drug overdose at 27, he’d be 75 on Monday – and a very rich man. Today his bitter relatives are still fighting to get a share of his millions.” Jimi Hendrix would be 75, if he was still alive. The Express’ recent... Continue reading
Posted Jan 1, 2018 at Rowley Law
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“When we're young, we tend to think about retirement as though it's just a really long, really great vacation.” You may envision a house on the beach or playing a round of golf whenever you please. Take off for Vegas or stay in your pajamas all day. Whatever you want.... Continue reading
Posted Dec 25, 2017 at Rowley Law
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“Keeping a hand in the workforce after retirement can be richly rewarding (in a couple of key ways). However, it can also complicate your finances.” Kiplinger’s article, “Working Part-Time in Retirement Can Be Tricky,” notes that some folks’ retirement dreams entail having the time to do what they want without... Continue reading
Posted Dec 22, 2017 at Rowley Law
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“You’ll have more money to spend on fun stuff—but don’t go overboard.” Some folks are counting the days until retirement, and there’s no shame in that. However, others have decided to keep working due to financial necessity or because they’re content in their current situation for the foreseeable future. The... Continue reading
Posted Dec 21, 2017 at Rowley Law
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“One in five Americans age 65 and older has been impacted by fraud, according to a survey by the financial education organization Investor Protection Trust. Holiday time, in particular, is high season for these illegal actions.” It is estimated that seniors who’ve been scammed have lost an average of $430.... Continue reading
Posted Dec 20, 2017 at Rowley Law
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“Required minimum distributions can be the bane of many IRA owners' existence. However, there are a few creative ways to reduce your income tax burden, or that of your heirs.” RMD season is in full swing, with the Dec. 31 deadline approaching for those who are 70½ and have IRA... Continue reading
Posted Dec 19, 2017 at Rowley Law
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“In this digital age, it is the rare person who does not have some form of digital footprint. Facebook, Twitter, LinkedIn and others are part of everyday life for most people.” What do you do with the digital footprint that a loved one has left behind when they die? The... Continue reading
Posted Dec 18, 2017 at Rowley Law
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“The children of a dead former American Airlines executive have said they do not want an $8 billion punitive damage award from a bank for mismanaging their inheritance.” Max Hopper, a former SVP at American Airlines and IT expert who created the airlines' seat reservation system, died unexpectedly in 2010.... Continue reading
Posted Dec 15, 2017 at Rowley Law
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“Picking a trustee gets less attention than choosing your new smartphone.” It may be crunch time when you and/or your spouse are at your estate planning attorney’s office. After all, you’re planning for what happens when you die. For most people, it’s a process filled with emotions and what-ifs. You... Continue reading
Posted Dec 14, 2017 at Rowley Law