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Simmons & Schiavo, LLP
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Everyone needs to prepare for Alzheimer's Disease. They should do so long before they think that they might get it, because it is not just the elderly who suffer from the disease. The typical view of people with Alzheimer's Disease is of an elderly person in a nursing home who... Continue reading
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If you are expecting your first child, there are a few things that you need to do before the due date to make sure that you are financially prepared. Having your first child is an exciting time in anyone's life. People make all kinds of plans about the child. Names... Continue reading
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If you have a trust, you might find by looking carefully at the estate planning documents that you do not really need to put assets into the trust while you are alive. Don’t let that fool you. When you get a living trust, the estate planning attorney who drafted the... Continue reading
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If you would like to stay in your current home when you are elderly, then you might need to make changes to it now to make it a comfortable place for an elderly person to live. Most homes in the U.S. were not built with elderly people in mind. This... Continue reading
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There are three basic ways for your assets to be transferred on your death: A Will, which is the standard method A Living Trust, which offers some advantages over a Will Beneficiary Designations, for assets such as life insurance, 401 (k)s and IRAs If you die without either a Will... Continue reading
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Estate Planning is typically associated with your wishes will be carried out after your death. But it’s also important that your plan addresses incapacity due to illness, injury, advanced age or other circumstances. As with other aspects of your Estate Plan, the time to act is now, while you’re still... Continue reading
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The myth that estate planning is something that only wealthy people need to do is wrong, but ever present. In popular culture, it is very rare to ever see average people planning for their estates. TV shows and movies that feature middle class people, almost never include anything about estate... Continue reading
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I recently purchased a copy of King Lear. Somehow, I had never read this Shakespeare classic. Now, being semi-retired I have some time to read things like this that I missed. Wow. This is a serious tragedy. And it arises from a failure of retirement and estate planning. In case... Continue reading
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According to Jared Diamond "there's an irony behind the latest efforts to extend human life: It's no picnic to be an old person in a youth-oriented society. Older people can become isolated, lacking meaningful work and low on funds. In this intriguing talk, Jared Diamond looks at how many different... Continue reading
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If you do not continuously update your estate plan, then it will not be as effective as you want it to be. After people get an estate plan, the last thing many of them want to do again, is to go back to the estate planning attorney and make changes.... Continue reading
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You cannot merely tell your family what should be done with your assets after you pass away. You need to go through the process of getting a formal estate plan drawn up. Many people are under the impression they do not need to get a formal estate plan, because they... Continue reading
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If you are looking to save money on your estate plan, then you might think that you should get a will since they are cheaper to get than a trust. However, trusts are actually cheaper overall. Estate planning can be expensive upfront for some people. In most cases, a will... Continue reading
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Before you go on a vacation in a foreign country, you should make plans to see an estate planning attorney. Going on your first vacation to a foreign country can be an exciting experience. You will see all sorts of things you cannot find in the U.S. If you are... Continue reading
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“Marco Schiavo recently helped me through my estate planning and will writing process after my recent divorce. I was nervous about getting through it all on my own, but Mr. Schiavo made me feel comfortable and easily broke down all of the decisions that needed to be addressed. Our meetings... Continue reading
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Estate Planning, Elder Law Continue reading
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After your get an estate plan, you need to make sure that your spouse knows what to do with it. An estate plan is only as effective as the people who are tasked to implement it. The most well-written legal documents in the world are worth nothing, if they are... Continue reading
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Eric Dishman makes a bold argument: "The US health care system is like computing circa 1959, tethered to big, unwieldy central systems: hospitals, doctors, nursing homes. As our aging population booms, it's imperative, he says, to create personal, networked, home-based health care for all." Watch the TED video here: Reference:... Continue reading
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If you are getting married, then you need to create an estate plan or update the one that you already have. When you decide to get married, you normally are focused on all the good times you expect to have with your future spouse. You might think about the trips... Continue reading
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When you first signed up for a retirement account, you might not have thought about all the details that were presented to you. This is especially true, if you were given retirement account forms along with a large stack of other papers by a human resources person when you started... Continue reading
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Estate planning and retirement planning are not separate things. If they are done properly, you will do both at the same time. People often think of retirement planning as saving for their own financial needs, when they are no longer working. They also think of estate planning as something different,... Continue reading
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Most of the time, estate planning is not just about a deceased person's estate. It is also about elder law options. A long time ago, only wealthy people had estate plans prepared and the early estate planning options evolved to reflect their needs. They needed wills and trusts to pass... Continue reading
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Americans hold a lot of wealth in IRAs. However, do you know the tax consequences? Forbes recently discussed some possibilities for beneficiaries of IRAs, including the good deals and the bad deals in "What To Do If You Inherit an IRA." While inheriting an IRA account can be great news... Continue reading
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Governing ran a recent story about how states will pay for in-home care for their residents who are elders. As Demand for At-Home Care Grows, States Debate How to Pay for It considers that aging Boomers may not want to reside in nursing homes and if they stay at home,... Continue reading
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We received this testimonial from a satisfied client: “I wholeheartedly recommend Attorney Marco Schiavo. Attorney Schiavo recently created an elderly care plan for my Mom and did an amazing job. We were initially overwhelmed and confused by all the different options, but Attorney Schiavo explained each one in detail and... Continue reading
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This key position determines if the estate is handled well. An executor needs to be chosen carefully, according to the Wills, Trusts & Estates Prof Blog in "Selecting an Executor for Your Estate." While there are others who will have a hand in determining how the estate administration goes, the... Continue reading