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schlagellongllc
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More than 5.7 million people in this country are suffering from the disease. More and more members of families are experiencing the dilemma of expressing their wishes, before they become incapacitated from Alzheimer’s Disease, according to USA Today in “B. Smith’s Alzheimer’s raises question: How to protect your wishes when... Continue reading
Posted Mar 1, 2019 at Johnson County Estate Planning
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If the legal documents aren’t signed and notarized properly, there is a good chance that problems will arise. A properly prepared will could have avoid many of the problems faced by a woman who thought she was protected, according to News 2 in “The power of a will and trouble... Continue reading
Posted Feb 28, 2019 at Johnson County Estate Planning
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Trusts have been around for a very long time and it is important to understand how they work. A trust can be quite complicated. That is why you need good legal representation in order to use one properly, according to the Pittsburgh Post-Gazette “Do I need a trust?” Trusts are... Continue reading
Posted Feb 27, 2019 at Johnson County Estate Planning
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With the traditional family on a downward trend, the modern family is raising some new questions for estate planning. The rising numbers of modern and blended families have created some challenges for estate planning, according to Forbes in “How Long Will Stepmom Live? And Other Vexing Estate Planning Questions for... Continue reading
Posted Feb 27, 2019 at Johnson County Estate Planning
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Giving for the tax break or to better your community? Or Both? Some people donate to charities primarily for the tax breaks, so the U.S. Tax Cuts and Jobs act may cause them to review their charitable giving, says Barron’s Penta in “How to Leave Assets—With an Immediate Tax Write-Off.”... Continue reading
Posted Feb 27, 2019 at Johnson County Estate Planning
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Retirement accounts usually have the largest impact. However, there are also other income streams. One of the surprises that can catch you unaware, is that taxes during the working years are usually much simpler than taxes during retirement, according to The News Tribune in “Implement an efficient tax strategy to... Continue reading
Posted Feb 1, 2019 at Johnson County Estate Planning
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Scam artist targets woman who is grieving for her husband. Scammers work on the easiest targets, so senior citizens are often their targets in hopes they will catch them off guard at their weakest moments, according to Newsday in “Nassau, Suffolk police warn of phone scammers posing as officials.” The... Continue reading
Posted Jan 31, 2019 at Johnson County Estate Planning
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It isn’t difficult to get the process started. Many Americans make New Year’s resolutions. However, it turns out that very few keep them. One New Year’s resolution that is relatively easy to keep and helps prevent your family from unnecessary stress in the future is getting your estate plan in... Continue reading
Posted Jan 30, 2019 at Johnson County Estate Planning
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Handling the decedent’s final affairs. When a family member passes away, there are some important papers and information that must be gathered. The smart way to address the issue is to gather the papers beforehand and have assistance from an estate planning attorney, according to The Balance in “Important Papers... Continue reading
Posted Jan 29, 2019 at Johnson County Estate Planning
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Assets will have to be divided, as well as dealing with paperwork, courts and tax law changes. Dividing up assets is difficult in a divorce and the new tax law changes that went into effect in January are not going to make it any easier, according to Next Avenue in... Continue reading
Posted Jan 28, 2019 at Johnson County Estate Planning
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Don’t wait until you are under pressure, to create these safeguards. If you don’t have documents that protect you, your family and your assets, you should consider doing yourself a favor and putting them on your list to accomplish in 2019, according to Fox Business in “3 financial documents everyone... Continue reading
Posted Jan 25, 2019 at Johnson County Estate Planning
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A “go-bag” can protect your family, until you can head home again. As we all know from news events, you never know when an emergency will arise that causes the evacuation of your home. If that should happen, do you have a “go-bag” that will protect your family until life... Continue reading
Posted Jan 24, 2019 at Johnson County Estate Planning
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What happens to the caregiver, when your loved one is gone? Providing care for another adult can be difficult, because the caregiver often puts their life on hold. They may find themselves facing a new challenge later, according to the AARP Bulletin in “What Happens When Caregiving Ends?” The article... Continue reading
Posted Jan 23, 2019 at Johnson County Estate Planning
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Protection varies, according to state law. IRAs are protected from bankruptcy. However, there are some limitations you should guard against, according to The Balance in “What is IRA Bankruptcy Protection?” President George W. Bush signed bankruptcy protection into law in 2005 with the Bankruptcy Abuse Prevention and Consumer Protection Act... Continue reading
Posted Jan 22, 2019 at Johnson County Estate Planning
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Not having a long-term care plan, can put your family at financial risk. A government report estimates a vast majority of those over 65 will end up needing long-term care. However, many people do not have plans to meet the expenditures, according to Westfair Online in “Keybank poll reveals clients... Continue reading
Posted Jan 21, 2019 at Johnson County Estate Planning
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The decision to disinherit someone isn’t made lightly and needs careful consideration. Sometimes as the difficulties of life wind through families, it is decided it would be best to disinherit a family member. It can be done. However, it needs careful legal consideration, according to Next Avenue in “How to... Continue reading
Posted Jan 11, 2019 at Johnson County Estate Planning
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There are some lessons to be learned from the experience of others. Things do not always go as we plan. A couple planned and saved for their retirement but then faced some tough challenges, according to the Canton Citizen in “Smart About Money: Retirement Lessons.” The article details the story... Continue reading
Posted Jan 10, 2019 at Johnson County Estate Planning
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Where do you want your assets to go, when you think of your loved ones? Estate planning can be a comfort to you but is also a gift of peace of mind to your family and may be a good way to begin the New Year, according to the Brainerd... Continue reading
Posted Jan 9, 2019 at Johnson County Estate Planning
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It wouldn’t be a lot of fun to run out of money. What is the number one concern about retirement? Running out of cash is the answer. However, there are steps that can be taken to reduce the chances, according to the AARP Bulletin’s article “4 Steps to Make Your... Continue reading
Posted Jan 8, 2019 at Johnson County Estate Planning
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The estate plan is a major tool to protect your family. Okay, you now have an estate plan. What’s the biggest mistake you can make? Not updating the plan as the years go by and life changes occur, according to the Times Herald in “Top six estate planning mistakes.” Another... Continue reading
Posted Jan 7, 2019 at Johnson County Estate Planning
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What might happen if you have the talent for success but not the talent for business? As can often be the case, many extremely talented people accumulate large estates and they often are not prepared to take on the task of organizing the transfer of assets, according to the Reno... Continue reading
Posted Dec 14, 2018 at Johnson County Estate Planning
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You may want access to some of your estate planning documents while traveling. Documents created in an estate plan such as a living will, durable power of attorney and others all need to be kept in a safe place. However, it might also be a good idea to have them... Continue reading
Posted Dec 13, 2018 at Johnson County Estate Planning
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Some issues are not easy to approach for discussion. However, they are necessary. With holidays upon us, it is perhaps a good time to have a conversation with your parents about long-term care and other aging issues, according to News3LV in “Tough talks over turkey: Is it time to have... Continue reading
Posted Dec 12, 2018 at Johnson County Estate Planning
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In today’s world it is not at all unusually to have a blended family. Blended families often face special challenges when it comes to estate planning. Those issues are best approached openly, according to JD Supra in “Seven Estate Planning Considerations For Blended Families.” Spouses can leave their assets separately... Continue reading
Posted Dec 11, 2018 at Johnson County Estate Planning
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Strong finances and a full social life can often be the keys to success. There can be happy retirements and there can be challenging and perhaps even unhappy retirements. However, the state of those years is often created long before retirement age arrives, according to U.S. News & World Report... Continue reading
Posted Dec 10, 2018 at Johnson County Estate Planning