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Garland Law Offices, P.A.
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You never expected your mother to leave you a fortune, but you thought that she’d leave you something when she passed. Did a sneaky cousin have something to do with it? What do you do now? If it helps, and it might not, this happens more frequently than you’d think.... Continue reading
Posted 16 hours ago at Garland Law Offices, P.A.
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Connecticut has taken a big step in requiring that nurses and doctors are mandated to have training in recognizing and treating dementia, authorizes a plan to build dementia-capable programs and creates a portal for background checks on employees who work with the elderly. Connecticut Senate Bill 827 adds continuing medical... Continue reading
Posted yesterday at Garland Law Offices, P.A.
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In 1974, a federal law was created to protect worker’s retirement income and require information about the accounts to be transparent, among other things. The law was named The Employee Retirement Income Security Act, known as ERISA. At the very simplest of definitions, a “qualified retirement plan” meets ERISA guidelines,... Continue reading
Posted 2 days ago at Garland Law Offices, P.A.
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A final rule from the Labor Department will allow small businesses to offer 401(k) plans, which may make fiscal sense, if they band together. Businesses in different industries will have the option to team up to create a retirement plan, as long as they are located in the same region.... Continue reading
Posted 3 days ago at Garland Law Offices, P.A.
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“It’s one thing to assume that these conversations can wait until a health or financial emergency makes them necessary. However, avoiding money talks with your parents altogether can be a mistake.” GOBankingRates recently released a survey that found that 73% of Americans haven’t had conversations with aging parents about their... Continue reading
Posted 6 days ago at Garland Law Offices, P.A.
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“Many people are frightened of long-term care costs—for good reason.” The recent article from MarketWatch, “This is how much long-term care could cost you, and don’t expect Medicare to help,” reports that most people over 65 will eventually need help with daily living tasks, like bathing, eating, or dressing. Men... Continue reading
Posted 7 days ago at Garland Law Offices, P.A.
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“If you're considering retiring early, you'll forego not only the headaches of working but also the additional money earned that could have made your retirement even more comfortable. Make sure that you're truly ready before you leave.” Investopedia’s recent article, “6 Signs You Are Ready to Retire Early” gives you... Continue reading
Posted Aug 14, 2019 at Garland Law Offices, P.A.
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Losing your spouse of many years is devastating. To complicate this emotional time, you now have to handle a flood of financial issues and decisions. How can you get through this troubling time? With support and a bit of knowledge, you can get through the worst of it. The first... Continue reading
Posted Aug 14, 2019 at Garland Law Offices, P.A.
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“Being well-prepared for retirement is wonderful, but there is no fail-safe plan. Things can unravel, due to many inherent post-retirement risks.” Knowing the risks that may be found in retirement and the ways in which they can harm financial security is critical to making important modifications in a retirement plan.... Continue reading
Posted Aug 13, 2019 at Garland Law Offices, P.A.
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“An irrevocable life insurance trust (ILIT) can provide peace of mind, as you start your estate planning process. If you have a sizable estate or young beneficiaries, an ILIT can provide control over a life insurance policy that a last will and testament may not.” The word “irrevocable” in an... Continue reading
Posted Aug 12, 2019 at Garland Law Offices, P.A.
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“While the House was busy passing its defense spending bill last week, other members of Congress were introducing other legislation aimed at helping veterans.” radio.com’s article “Congress introduces bills to increase veteran benefits, refund home loan fees, help women veterans,” lists all of the legislation that’s been introduced in Congress... Continue reading
Posted Aug 9, 2019 at Garland Law Offices, P.A.
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“Estate planning can be tricky, which is why many people turn to attorneys to get the job done right.” Drafting a will is an essential part of estate planning. Even though it’s vitally important, a recent survey from AARP revealed that two out of five Americans over the age of... Continue reading
Posted Aug 8, 2019 at Garland Law Offices, P.A.
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“Some things don’t disappear even when you die, including credit card debt.” Although you can’t take your gold MasterCard and black American Express cards with you, the remaining balance you owe can be collected from your estate. The good news is that your heirs are not responsible for paying the... Continue reading
Posted Aug 7, 2019 at Garland Law Offices, P.A.
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“When you use a life estate, how does it work? What are the restrictions and who pays the property taxes and other expenses for the home?” Life estates are used for a number of estate planning purposes. However, the most frequent strategy is to use a life estate where a... Continue reading
Posted Aug 6, 2019 at Garland Law Offices, P.A.
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“There are mechanisms that you can put in place through a trust to help your children become financially responsible with their inheritance.” Young people like to keep things simple. Millennials don’t want their parents’ furniture or antiques. They want to be able to move easily, without a lot of headaches.... Continue reading
Posted Aug 5, 2019 at Garland Law Offices, P.A.
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“For any type of LTC insurance, it may make sense to buy when you are in your 50s or 60s.” Long-term care policies are available from insurance companies. Federal employees can also obtain them through the federal FLTCIP program. LTC (long-term care) policies offer a wide variety of features. Some... Continue reading
Posted Aug 2, 2019 at Garland Law Offices, P.A.
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“The National Funeral Directors Association says 62.5% of people believe that it's important to talk about funeral preparations. However, only around 21.4 % have made arrangements for themselves.” You’ve heard about death and taxes. While having a plan for your death may not be a big priority, creating a plan... Continue reading
Posted Jul 31, 2019 at Garland Law Offices, P.A.
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“It's just been revealed that Gloria Vanderbilt's estate is surprisingly small and that the heiress and designer left her New York City apartment to her eldest son, Leopold ‘Stan’ Stokowski, and her remaining money to her youngest son, CNN anchor Anderson Cooper.” There are some new details about the estate... Continue reading
Posted Jul 30, 2019 at Garland Law Offices, P.A.
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“The word “estate” conjures images of great wealth, which may be one of the reasons so many people don’t develop estate plans. Afterall, they’re not rich, so why make the effort?” However, if you have a family, you can probably benefit from estate planning, regardless of your asset level. The... Continue reading
Posted Jul 29, 2019 at Garland Law Offices, P.A.
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“’I’d like to move to a nursing home or assisted living,’ said no older adult ever. In fact, a recent study by AARP found that nine of 10 older Americans preferred to live in their homes as long as possible. The aging-in-place movement seeks to let seniors do just that,... Continue reading
Posted Jul 26, 2019 at Garland Law Offices, P.A.
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“One in five Americans has married at least twice. However, a sobering 60% of second marriages end in divorce, the Census Bureau found.” Forbes’s recent article, “6 Second Marriage Planning Tips For You And Your Significant Other Before Walking Down The Aisle,” says it’s wise to provide some reality into... Continue reading
Posted Jul 26, 2019 at Garland Law Offices, P.A.
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“Transfer on death (TOD) accounts can keep your estate planning intact, while keeping your beneficiaries out of court. If you’re among the 57% of adults who don’t currently have a will or trust, your family is likely headed to probate court.” A Transfer-on-Death (TOD) account can eliminate a legal problem,... Continue reading
Posted Jul 25, 2019 at Garland Law Offices, P.A.
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“She claims the revised documents make her a 50% partner in all his post-marital success. Massive projects hang in the balance. That’s the way Grace Hightower is evidently handling her second divorce from Robert De Niro, who hates publicity and has too much going on to suffer delays.” Wealth Advisor’s... Continue reading
Posted Jul 24, 2019 at Garland Law Offices, P.A.
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“Sometimes you have to hold the reins tight, especially when it comes to money. A spendthrift trust does exactly that.” Newsday’s recent article, “What to consider when creating a 'spendthrift' trust,” explains that a spendthrift trust protects people from themselves. It can be a great protection for those with an... Continue reading
Posted Jul 23, 2019 at Garland Law Offices, P.A.
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“Before Ashley Carlson’s father died of cancer in 2016, her only experience navigating the real estate world was finding a place to rent in San Francisco. As executor of his will, Carlson had to clean out and sell his home and a cabin in the mountains—both a couple of hours... Continue reading
Posted Jul 22, 2019 at Garland Law Offices, P.A.