This is Cincinnati Estate Planning Attorney's Typepad Profile.
Join Typepad and start following Cincinnati Estate Planning Attorney's activity
Join Now!
Already a member? Sign In
Cincinnati Estate Planning Attorney
Recent Activity
Image
“You have reviewed multiple drafts of your Will, Trust, Living Will and Financial Power of Attorney, attended multiple meetings with your attorney, discussed the final distribution of your assets, selected your Executor and Trustee and finally executed your estate planning documents. So, you must be done, right?” Putting your estate... Continue reading
Posted 13 hours ago at Cincinnati, Ohio Estate Planning
Image
“In March 2018, the U.S. Census Bureau reported that by 2030, all baby boomers will be over the age of 65, leading to a unique situation in demographics: 20% of U.S. residents will be at retirement age.” Part of the increase in the number of people who live long enough... Continue reading
Posted yesterday at Cincinnati, Ohio Estate Planning
Image
“Over 30 years ago, researchers and geriatricians identified an “elder orphan” (sometimes called a “solo ager”), as a person aging alone with little support.” Little is known about “elder orphans,” people who don’t have parents, a spouse or family members. Decades ago, when families stayed closer to each other, a... Continue reading
Posted 2 days ago at Cincinnati, Ohio Estate Planning
Image
“Are you ready for the end of life? Many of us can resolutely answer “no.” I am not implying preparation for life after death, salvation or eternal darkness—I simply mean forethought in the medical care that you wish to receive in a life-threatening illness or injury.” When most people think... Continue reading
Posted 5 days ago at Cincinnati, Ohio Estate Planning
Image
“As opiate addiction has ravaged our communities, children are often left in the lurch and those trying to help are blocked by red tape.” Opioid addictions devastate families and the impact has begun to show itself in estate planning law firms. To help grandparents cut through the red tape to... Continue reading
Posted 6 days ago at Cincinnati, Ohio Estate Planning
Image
“Even the most carefully constructed estate plan often overlooks a client’s digital assets. A plan is essential, as both state and federal laws can create roadblocks to accessing digital assets.” The value of a thoughtfully designed estate plan that provides for the eventual distribution of a person’s assets is generally... Continue reading
Posted 7 days ago at Cincinnati, Ohio Estate Planning
Image
“The federal government ushered in a slew of progressive programs during the Great Depression with the aim of helping the most downtrodden Americans. Few of these programs have held the progressive banner higher than Social Security.” Social Security was created to ensure that Americans, in Cincinnati and elsewhere, with low... Continue reading
Posted Nov 6, 2018 at Cincinnati, Ohio Estate Planning
Image
“High-profile charges of financial exploitation raise troubling questions. Here’s how to protect yourself and your family.” Stories of two high-profile elderly Americans have shone a harsh light on the issue of financial elder abuse. However, the rich and famous are not the only ones who are vulnerable. All families need... Continue reading
Posted Nov 5, 2018 at Cincinnati, Ohio Estate Planning
Image
“With the trend toward increased remarriages later in life, one spouse may prefer living in their own home of many years with the new spouse.” One of the goals in estate planning when one spouse moves into the home of another spouse, is to ensure that if the owner spouse... Continue reading
Posted Nov 2, 2018 at Cincinnati, Ohio Estate Planning
Image
“Losing one's spouse is one of life's most difficult and overwhelming experiences. Claiming Social Security survivor benefits apparently ranks as a close second, based on a frantic phone call I received from a close friend this week.” A friend who was unexpectedly widowed, when her husband died at age 44... Continue reading
Posted Nov 1, 2018 at Cincinnati, Ohio Estate Planning
Image
“Estate planning myths can make an already complex process, even more complicated.” Most people think that wills are a “one and done” sort of document. However, tax laws change and so do family dynamics. People who have minor children, really need to make sure that their will includes the naming... Continue reading
Posted Oct 31, 2018 at Cincinnati, Ohio Estate Planning
Image
“What would happen to your pet’s if you died tomorrow? Would a friend or relative take them? Are you sure?” If you have pets that you consider family members, you’ll want to make sure you have made plans for their care, after you have passed. That’s the message from U.S.... Continue reading
Posted Oct 30, 2018 at Cincinnati, Ohio Estate Planning
Image
“When the Tax Cuts and Jobs Act went into effect, many clients and advisors assumed that their days of worrying about the estate tax were largely over. Not so fast.” The big news was that the Tax Cuts and Jobs Act doubled the federal estate tax exemption to $11.18 million... Continue reading
Posted Oct 29, 2018 at Cincinnati, Ohio Estate Planning
Image
“Women who retire when their husbands do, may be giving up more wealth than they realize.” Women in their 50s and 60s are in their peak earnings years, while their male counterparts are usually on the decline, according to an associate professor of health care policy at Harvard Medical School.... Continue reading
Posted Oct 25, 2018 at Cincinnati, Ohio Estate Planning
Image
“The client wanted her surviving spouse to have access to her work email, but her employer shut down the email account following her death.” This is one of those situations that does not have a happy ending. A woman died unexpectedly, and her employer shut down her email immediately after... Continue reading
Posted Oct 24, 2018 at Cincinnati, Ohio Estate Planning
Image
“For each year in which a bull market persists, workers become likelier to retire. However, those who leave the workforce now—the ninth year of the longest U.S. bull market—are potentially setting themselves up for a tough stretch that could test their portfolio’s long-term resilience.” Live long enough and you’ll get... Continue reading
Posted Oct 23, 2018 at Cincinnati, Ohio Estate Planning
Image
“What will happen, if you die without leaving a will? It is probably the last thing you want: Instead of you deciding who gets your small business, the government decides.” Every state has its own rules about how assets are distributed after someone dies, and what happens when the person... Continue reading
Posted Oct 22, 2018 at Cincinnati, Ohio Estate Planning
Image
“If you are looking to pull cash from your 401(k) plan or traditional IRA without getting hit with a penalty, the IRS will allow you to do it.” This is a move of last resort. You’ll need to do all the research to be sure this will not do more... Continue reading
Posted Oct 19, 2018 at Cincinnati, Ohio Estate Planning
Image
“While a longer life is a good thing, it will also present challenges – and unfortunately, sometimes financial predators.” The prospect of a long, healthy and active life is a wonderful thing to consider. However, one in 10 seniors have suffered financial abuse, according to The Kansas City Star’s article... Continue reading
Posted Oct 18, 2018 at Cincinnati, Ohio Estate Planning
Image
“Everyone wants to retire with ample savings in their bank account. Plan your retirement, by avoiding these eight common IRA mistakes.” IRAs, or Individual Retirement Accounts, are great tools for retirement savings. The best tactic says Born2Invest in the article “Retirement planning: 8 common IRA mistakes” is to make the... Continue reading
Posted Oct 17, 2018 at Cincinnati, Ohio Estate Planning
Image
“Many of us have experienced the unexpected "telephone call" from a hospital or loved one that a sudden negative medical event has occurred, involving a member of your family.” It’s never a good thing, when you get a call and the person on the other end asks if you are... Continue reading
Posted Oct 16, 2018 at Cincinnati, Ohio Estate Planning
Image
“Though retirement can be a fulfilling time in people's lives, it can also be a stressful one. This especially holds true, if you fall victim to the following mistakes, so be sure to avoid them at all costs.” Most people spend their entire working lives dreaming of retirement. However, when... Continue reading
Posted Oct 15, 2018 at Cincinnati, Ohio Estate Planning
Image
“As our lives become more and more connected online, we increasingly need to also consider what to do with the digital estate, the online accounts of our dearly departed, many of which hold photos and personal memories, as well as sensitive financial information.” Settling the estate of a loved family... Continue reading
Posted Oct 12, 2018 at Cincinnati, Ohio Estate Planning
Image
“A 401(k) plan ensures that you have money to spend during your retirement years. However, there are reasons why a 401(k) stinks.” It’s almost always enlightening to hear from a different perspective, even in finance. This article from Born2Invest, “Retirement planning: The downsides of your 401(k),” takes a somewhat contrarian... Continue reading
Posted Oct 11, 2018 at Cincinnati, Ohio Estate Planning
Image
“Although we typically associate the term “estate” with the ultra-wealthy, estate planning is not just for the rich. Everyone, regardless of family dynamics or financial status, can benefit from having an estate plan—a collection of documents that specify how you want your assets distributed.” Estate planning has a purpose while... Continue reading
Posted Oct 10, 2018 at Cincinnati, Ohio Estate Planning