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Forbush Legal PLLC

Recent Activity

As Time Marches on, Consider an Estate Plan Review

Life rarely remains the same and those changes mean it is time to take a fresh look at your estate plan. Time marches on and a person’s life changes. That creates the situation of there not being a doubt of whether an estate review is necessary but simply becomes a... Continue reading

Posted 2 days ago at Forbush Legal, PLLC

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No Plan for Your Estate? It May Well Be at Risk!

No matter how much you want to ignore the impact of your life changes, it really isn’t a good idea. If you don’t have an estate plan or you have an estate plan that you haven’t looked at in years, chances are your estate is at risk. This is because... Continue reading

Posted 3 days ago at Forbush Legal, PLLC

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Serving as an Estate Administrator Can Be a Challenge

Administrating an estate? Let’s take a look at just how hard it can be. People often name a family member or close friend as a trustee. However, sometimes it is wise to think it through and consider the possibility of a professional administrator as a trustee, according to Kiplinger in... Continue reading

Posted 4 days ago at Forbush Legal, PLLC

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The Impact of Addiction on Estate Planning

Families struggle with the damages created by drug habits. The leading cause of death of Americans under the age of 50 is now from opioid addiction and this is having an impact on estate planning, according to MarketWatch in “How to leave money to a family member with an addiction.”... Continue reading

Posted 5 days ago at Forbush Legal, PLLC

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Kids All Grown Up? Time to Think about Savings

If you have an empty nest, it might be a good time to think about your own future. Bringing up children is expensive, so when they grow up and leave the nest you have a chance to review your savings as well as plans for the future, according to USA... Continue reading

Posted 6 days ago at Forbush Legal, PLLC

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Financial Advice for that Second Marriage

Marry a second time and keep finances separate? It may be a good idea at first but after a decade? When people marry for the second time they often decide to keep things separate but perhaps as time rolls on it is a good idea to take a second look... Continue reading

Posted Feb 8, 2019 at Forbush Legal, PLLC

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Accessory Dwelling Unit an Option for Later Years?

An ADU can be used as a home for your parents for a few years and then possibly an income-producing structure in the future. Families that often would like to have the older members of the family age in place with them, are finding one way to accomplish this with... Continue reading

Posted Feb 7, 2019 at Forbush Legal, PLLC

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When Insurance Runs Out, Nursing Home Care Can Get Really Expensive

Would you be eligible for home coverage? Once health insurance coverage ends, the cost of nursing home care becomes really expensive, according to The Ledger in “The Law: Are you eligible for Medicaid nursing home coverage?” The monthly cost for a private-pay resident at nursing homes often exceeds $10,000 a... Continue reading

Posted Feb 6, 2019 at Forbush Legal, PLLC

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Isn’t It Time to Make Sure You Have a Good Estate Plan?

Estate planning is a good idea to protect your family, especially if you have small children. As the New Year of 2019 continues to march forward, it might be a good idea to determine that this is the year to create an estate plan to protect your family, according to... Continue reading

Posted Feb 5, 2019 at Forbush Legal, PLLC

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You Most Likely Will Face Taxes on Retirement Accounts

IRS doesn’t care if you are working or not … withdrawals are mandatory. This is important! Do not miss the IRS deadline on withdrawals from retirement accounts once you pass that 70th birthday, according to Money, in “Don’t Miss This Key Tax Deadline.” The problem is, the IRS doesn’t care... Continue reading

Posted Feb 4, 2019 at Forbush Legal, PLLC

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Perhaps It Is Best to Make a Plan before a Crisis

Stay calm and make decisions? It is easier if you have a plan to access. If a crisis should arise for a senior member of the family, it can be difficult to make the best decisions under pressure. Perhaps it would be wise to consider making a plan before it... Continue reading

Posted Feb 1, 2019 at Forbush Legal, PLLC

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Passing on Assets? Perhaps Some Can Be Given Away

Want to make a big impact? Consider passing on some of your assets through charitable giving. While many people transfer their assets to the next generation, there are many who want to give some, or even all, of their assets away through charitable giving. That can make a big impact,... Continue reading

Posted Jan 31, 2019 at Forbush Legal, PLLC

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This Year Includes Some Key Retirement Issues

Retirement policies are becoming a hot topic in the political world. There are a number of retirement policy issues that will most likely be highlighted this year, according to The New York Times in “For American Workers, 4 Key Retirement Issues to Watch in 2019.” The article covers many issues,... Continue reading

Posted Jan 30, 2019 at Forbush Legal, PLLC

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Planning Needed for Future of Farm and Ranch Families

Many farms and ranches have been in one family for generations and it can be a challenge. Passing assets from one generation to another takes careful thought but it can be very challenging when it comes to family farms, ranches and businesses, according to the Woodward News in “Plenty to... Continue reading

Posted Jan 29, 2019 at Forbush Legal, PLLC

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‘Hot’ POA Requires a Great Deal of Trust

If you are thinking of a “hot” power of attorney, take your time and make the decision carefully. Some states allow a financial power of attorney with “hot” power. However, that requires some very careful thought before making the decision, according to the Glen Rose Reporter in “Should you add... Continue reading

Posted Jan 28, 2019 at Forbush Legal, PLLC

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Naming Heir to Estate? Consider a Backup

You may not like considering a back up to your plans for your estate, but it is a good idea. When you name a heir to your estate, you are most likely not thinking of outliving them. However, it might be a good idea to have a backup plan because... Continue reading

Posted Jan 25, 2019 at Forbush Legal, PLLC

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Ohio Puts Teeth into Laws against Elder Financial Abuse

Professionals in the financial world can alert state officials to cases of suspected abuse. Ohio has taken steps to curtail the defrauding and exploitation of its elderly citizens. The law includes total payback of any financial abuse as well as a pretty hefty fine, according to the Dayton Daily News... Continue reading

Posted Jan 24, 2019 at Forbush Legal, PLLC

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Social Security Is Not Necessarily Tax Free

Combined income decides the tax issue. Depending on circumstances, some people have to pay taxes on their Social Security benefits while others do not, according to the Tyler Morning Telegraph’s in “Plan Retirement Right: Social Security and Income Taxes.” Seems counter-intuitive because you work all those years and weren’t those... Continue reading

Posted Jan 23, 2019 at Forbush Legal, PLLC

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Health Savings Accounts become More Attractive

It can be a challenge, but it is possible to save more in HSA. It needs to be handled carefully but it is possible, depending on age, to save additional money for health costs during retirement, according to CNBC’s article “Over 55? Maximize your savings in this tax-advantaged account.” If... Continue reading

Posted Jan 22, 2019 at Forbush Legal, PLLC

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No Will? You’re Giving Up Control

Are you willing to have someone else decide where your assets go? You may think that you don’t need a will if you don’t have a lot of property or assets. However, you need a will, unless you’re willing to have the laws of your state of residence be the... Continue reading

Posted Jan 21, 2019 at Forbush Legal, PLLC

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Early Social Security Means a Smaller Check

Bad news in the media can spark people to take Social Security before it is gone. Claiming Social Security benefits early means a smaller monthly and lifetime benefit for you and likely for your surviving spouse, according to The Motley Fool tit in an article on a Gallup survey of... Continue reading

Posted Jan 18, 2019 at Forbush Legal, PLLC

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Longer Retirement Means More Money Is Needed

It can be tough to save because of everyday life expenditures. However, knowing what sort of retirement you want, makes it much easier. Planning for activities that you expect to do during your retirement and recognizing that the longevity of retirement is increasing, can help you plan better to save... Continue reading

Posted Jan 17, 2019 at Forbush Legal, PLLC

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Don’t Avoid a Conversation about Growing Older

The talk may be difficult but may turn out to be necessary. It might not be the easiest conversation you have ever had. However, it is a good idea to have a talk with your loved ones about what steps to take as you go through the aging process, according... Continue reading

Posted Jan 16, 2019 at Forbush Legal, PLLC

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The New Year Is a Good Time for Estate Plan Review

Don’t limit your attention to your investment portfolio. Include a fresh look at your estate plan. Your estate plan is really important and that is why you did it in the first place. Don’t let it get out of date, so take a fresh look at any changes in your... Continue reading

Posted Jan 15, 2019 at Forbush Legal, PLLC

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Farm Couples May Receive Smaller Social Security Benefits

If you expect 20 years of retirement, then you need to prepare for financing it. The average couple receives Social Security benefits of about $26,000 a year, says Farm Journal’s Ag Pro in “5 Retirement Investment Tips.” If that’s an average benefit, then farm couples should expect to receive less... Continue reading

Posted Jan 14, 2019 at Forbush Legal, PLLC

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