by Samantha Shepherd | Aug 7, 2020 | Elder Law
Social Security’s long-term financial situation: High unemployment rates mean Social Security shortfalls could begin earlier than projected. Social Security retirement benefits are financed primarily through dedicated payroll taxes paid by workers and their...
by Samantha Shepherd | Aug 3, 2020 | Elder Law
This is unfortunate and, unfortunately, not that unusual. Parents and others make different distributions in their wills from the beneficiary designations on their accounts, and the heirs have no idea what the deceased person had in mind. Did he or she change her mind...
by Samantha Shepherd | Jul 31, 2020 | Elder Law
If you plan to move states, can you take your Medicare or Medicaid plans with you? The answer depends on whether you have original Medicare, Medicare Advantage, or Medicaid. Medicare If you have original Medicare (Plans A and B), you can move anywhere in the country...
by Samantha Shepherd | Jul 29, 2020 | Elder Law
Written By: Ellen Klein Talking about estate planning is a difficult, emotional topic but it’s essential for every family. Unless you’re certain your parents have an up-to-date will and a wider plan for what should happen in the event of their passing, you shouldn’t...
by Samantha Shepherd | Jul 22, 2020 | Elder Law
There are some serious drawbacks to many options for giving gifts to grandchildren. Either there are no tax or estate planning advantages, or you have no control of the funds (or lose control after a certain point), or the money could affect a grandchild’s...
by Samantha Shepherd | Jul 20, 2020 | Elder Law
Do you want to use your IRA to help a charity, but also benefit your heirs? Instead of leaving your IRA directly to your children, you can leave it to a charitable remainder unitrust (CRUT) while still benefiting your children. With the SECURE Act making changes...
by Samantha Shepherd | Jul 17, 2020 | Elder Law
With the coronavirus pandemic responsible for more than a hundred thousand deaths and disrupting life across the United States, the only way for the country to return to normal is an effective vaccine. When a vaccine is available, Medicare will cover the cost....
by Samantha Shepherd | Jul 16, 2020 | Elder Law
A controversial policy that reduces the benefits of military spouses is on the way out. The so-called “widow’s tax” cuts assistance to surviving military spouses who qualify for benefits under two different military benefit programs. The two programs are: The...
by Samantha Shepherd | Jul 15, 2020 | Elder Law
Estate administration is the process of managing and distributing a person’s property (the “estate”) after death. If the person had a will, the will goes through probate, which is the process by which the deceased person’s property is passed to his or her heirs...
by Samantha Shepherd | Jul 14, 2020 | Elder Law
There are many unknowns when planning an estate, but you can’t let the uncertainties get in the way of creating any kind of plan. Having an imperfect plan is usually better than having no plan at all. When planning an estate you want to be able to consider all the...
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