This is Rowley Law's Typepad Profile.
Join Typepad and start following Rowley Law's activity
Join Now!
Already a member? Sign In
Rowley Law
Recent Activity
Image
“What to do when your pet outlives you.” Pets are part of your family and can give you a lifetime of love and companionship. A recent 12 News Phoenix article, “What if your pet outlives you? Here are some options,” says that being a responsible pet owner means much more... Continue reading
Posted May 31, 2019 at Rowley Law
Image
“You might have heard that Prince died without a will, which is likely to lead to a major battle over his estate. But do mere mortals like the rest of us, with far smaller net worths, really need a will?” The answer to that question has always been an unequivocal... Continue reading
Posted May 31, 2019 at Rowley Law
Image
“Having a will that defers to the living trust at death can greatly lessen the expense and duration of the probate court administration process.” A living trust is a legal document created by an experienced trust attorney which can be extremely effective as an estate planning tool when teamed with... Continue reading
Posted May 31, 2019 at Rowley Law
Image
“Most people realize that they and their loved ones are likely to need long-term care as they progress through old age. But misconceptions abound concerning the best way to get that care paid for.” Long-term care is assistance with personal self-care needs and can be help at home or in... Continue reading
Posted May 31, 2019 at Rowley Law
Image
“When should you write up a will?” We all want to put this off: who wants to think about their own death—and then plan for it? Even though it’s a bit uncomfortable, detailing what will happen to your assets will let you be assured that your assets will go to... Continue reading
Posted May 24, 2019 at Rowley Law
Image
“Estate planning does focus on you and it does provide you greater security and peace of mind.” When it comes to planning, the focus is typically on making you better prepared for the future. That means limiting taxes, creating wiser investment strategies, knowing when it’s best to claim Social Security... Continue reading
Posted May 24, 2019 at Rowley Law
Image
“The goal is having enough money to live the rest of your life on your terms.” There are many things to consider when drafting your planning, such as dividing up your assets and ensuring that your family members all get a share. This can be a real challenge, but now... Continue reading
Posted May 24, 2019 at Rowley Law
Image
“A Living Trust is totally private–as opposed to your Will, which becomes public when it is probated after your death.” A recent nj.com article, “Living Trusts explained,” says that you should think of a living trust as a contract between the current “you” and the future “you.” Practically speaking, it... Continue reading
Posted May 24, 2019 at Rowley Law
Image
“An estate plan has three objectives.” The first goal of an estate plan is to preserve the wealth you have accumulated during your lifetime. Next is to clearly define who’ll receive your assets after you die. And the third goal is to name the person and give control to the... Continue reading
Posted May 17, 2019 at Rowley Law
Image
“So, what is a trust?” A professionally-designed trust can help just about everyone. Physician’s Money Digest, in “6 Reasons You May Need a Trust,” reminds us to think of a trust as a holding spot where you put your assets before they are released to the people or organizations you... Continue reading
Posted May 16, 2019 at Rowley Law
Image
"Someone once said that my stuff is stuff and somebody else's stuff is junk." Call it junk or stuff, but when someone passes away, there's nothing on earth that creates more tension in estates than "stuff" — family heirlooms, collectibles, or other items. Legally, these items are referred to as... Continue reading
Posted May 14, 2019 at Rowley Law
Image
"While most Americans believe that having a will is enough to avoid probate, in reality that's not the case." Planning for what will happen to your assets after you pass away can help save a huge amount of time and money for your heirs. Smart estate planning can also help... Continue reading
Posted May 13, 2019 at Rowley Law
Image
"If you die without a will, what happens to your assets will be determined by the state you reside in." Every state has intestacy laws that govern whom among a deceased's relatives will receive the property and assets when there's no will or trust. These laws vary from state-to-state. The... Continue reading
Posted May 10, 2019 at Rowley Law
Image
"Having a will can make the transfer of assets a much less confusing and difficult task." Yes, you should have an up-to-date will, a durable power of attorney for health care (also called a health care proxy), and an advance health care directive ("living will") for estate planning purposes, says... Continue reading
Posted May 9, 2019 at Rowley Law
Image
"What is probate and why do people say it's a bad thing?" Probate creates a public record of the will. It's the process after death whereby a will is presented to the probate court to be recognized as valid and the last will of the decedent—the person who died. NJ... Continue reading
Posted May 8, 2019 at Rowley Law
Image
"You have certainly heard of ‘estate planning. ‘And, if you are like most people, you probably have at least some understanding of what it means." Cincinnati.com's May 27, 2016 post, "Getting started is the first step in estate planning," points out that a definition for estate planning is "the creation,... Continue reading
Posted May 8, 2019 at Rowley Law
Image
“About 70 percent of people over age 65 need some type of long-term care during their lifetime.” The Huffington Post says that more than 40% of people over age 65 need care in a nursing home for some period of time. The article, “What is Long Term Care?”, quotes the... Continue reading
Posted May 3, 2019 at Rowley Law
Image
“Planning ahead could help you avoid scrambling to shed assets so you're eligible for Medicaid.” The good news is that you’re going to live a long life. The bad news is that you may face the difficult transition of requiring nursing home care without having the assets to pay for... Continue reading
Posted May 2, 2019 at Rowley Law
Image
“Like any other strategies for the future — college savings, insurance or retirement accounts — estate planning is a critical part of life planning.” Estate plans have several components to help beneficiaries carry out the requests of the benefactor. You want to start tackling those components while you’re still healthy... Continue reading
Posted May 1, 2019 at Rowley Law
Image
“Be frank about finances before you head to the altar. It’s a key piece of advice for all marriages. However, it takes on a whole new weight when people say “I do” for the second, or third, or fourth time.” If you’re older and remarry, you may have more assets... Continue reading
Posted Mar 29, 2019 at Rowley Law
Image
“One of the great challenges in financial planning is figuring out how to transfer wealth from one generation to the next in the most tax efficient manner possible.” Tax efficiency means transferring the most assets, while paying the least amount of estate tax. In the past, this meant complex trust... Continue reading
Posted Mar 28, 2019 at Rowley Law
Image
“If a person doesn't want to create an estate plan, you can't force them.” Here’s a common situation that’s faced by adult children: Dad is in his 90s and has informed his four sons that they’ll receive an inheritance of roughly $250,000 each. Dad was a blue-collar worker who saved... Continue reading
Posted Mar 27, 2019 at Rowley Law
Image
“There's no limit on the number of IRAs you can have. However, there are limits on how much you can contribute in a single year.” There’s no limit on the number of IRAs you can have. You can also own multiple types of IRAs, like a traditional, a Roth, a... Continue reading
Posted Mar 26, 2019 at Rowley Law
Image
“A woman accused of conspiring to scam her special needs son out of his trust fund, has turned herself in to police, according to the Gwinnett County Police Department.” A Georgia woman surrendered to the Gwinnett County Detention Center recently and remains behind bars without bond on charges of perjury,... Continue reading
Posted Mar 26, 2019 at Rowley Law
Image
“The question becomes, should they name a trust rather than an individual as a beneficiary of the IRA?” There are many pros and cons to naming a trust, rather than an individual as a beneficiary of the IRA. However, there are many complex rules. You need to get it right,... Continue reading
Posted Mar 25, 2019 at Rowley Law