Worldwide, about 75 million people, representing one percent of the population, have autism spectrum disorder. In the United States, about two percent of all children have a form of autism, according to the Centers for Disease Control and Prevention (CDC). Even more shocking is the fact that autism prevalence has increased by almost 200 percent since the year 2000. Given the dramatic increase in the number of people living with autism spectrum disorder, there is a good chance that you have a … [Read more...] about Get Involved in Autism Awareness Month
How Does Retiring Early or Late Impact My Social Security Benefits?
Although the days of relying entirely on Social Security to fund retirement are long gone, Social Security retirement benefits continue to play a significant role in retirement budgeting for many retirees. If you are one of those, you will have to decide when to start accepting your benefits because choosing early, on-time or late retirement will impact your retirement budget more than you may realize. To make sure you plan successfully for retirement, the estate planning attorneys at Legacy … [Read more...] about How Does Retiring Early or Late Impact My Social Security Benefits?
Medicaid Planning
When determining whether an individual qualifies for Medicaid, states impose both functional and financial tests. Functional means that the applicant must demonstrate medical need. Financial means that such an individual must demonstrate financial need. With proper planning though, it’s possible to meet the financial need prong even if assets exceed the threshold amount set by the state. Read on to learn more. … [Read more...] about Medicaid Planning
How to Choose the Right Fiduciaries for Your Estate Plan
During the creation of your estate plan, you will be required to make numerous decisions. Some of those decisions will seem relatively unimportant; however, others will have a direct impact on the success – or failure – of your overall estate plan. Although you may not realize it at the time, among the more important decisions you will make are those that involve choosing the fiduciary positions within your estate plan. To help make sure you make the right choices, the Beverly estate planning … [Read more...] about How to Choose the Right Fiduciaries for Your Estate Plan
The Intersection of Bank Failure and FDIC Insurance
Three banks have collapsed in one week sending shockwaves through the banking industry. Many may wonder if their deposits are safe. Thankfully, the Federal Deposit Insurance Company insures deposits up to a certain amount and there are ways for individuals with deposits exceeding those amounts to gain coverage as well. Read on to learn more. … [Read more...] about The Intersection of Bank Failure and FDIC Insurance
What You Need to Know about Alzheimer’s Disease
Sadly, there is a very real possibility that you will be faced with an Alzheimer’s diagnosis – either yours or that of a loved one -- at some point during your lifetime. If that happens, will you know what to do? There is no way to fully prepare for the emotional impact of Alzheimer’s; however, there are things you can do to prepare for the medical, legal, and practical ramifications of the disease in case you or a loved one is diagnosed. With that in mind, the Beverly estate planning attorneys … [Read more...] about What You Need to Know about Alzheimer’s Disease
What’s in President Biden’s Revenue Proposals?
Retirement plans offer a terrific opportunity for taxpayers to save for their retirement in a tax-deferred way. While several types of these plans exist, most individuals have some level of familiarity with the Individual Retirement Account (“IRA”). IRAs have limits on the allowable contributions and a schedule regarding when distributions need to begin occurring. Recently, the Biden Administration released its Fiscal Year Revenue Proposals for 2024 that contained a provision regarding … [Read more...] about What’s in President Biden’s Revenue Proposals?
Estate Planning and Probate Avoidance
A well-thought-out and comprehensive estate plan should accomplish numerous goals that go above and beyond simply creating a roadmap for the distribution of your estate assets after you are gone. One estate planning goal that should be included in most estate plans is probate avoidance. With that in mind, the estate planning attorneys at Legacy Care Law Firm explain why probate avoidance planning is important and how you can incorporate it into your estate plan. What Is … [Read more...] about Estate Planning and Probate Avoidance
Trust Administration Checklist for the First-Time Trustee
Trusts have been around for a very long time. Although once used almost exclusively by wealthy families, trust agreements are now commonly found in the average person’s estate plan. While there are several different types of trusts and a wide variety of specialty trusts within those broader categories, one thing that all trusts have in common is a Trustee. If you find yourself appointed to the position of Trustee for the first time you likely have questions and concerns about fulfilling your … [Read more...] about Trust Administration Checklist for the First-Time Trustee
Commonly Overlooked Estate Planning Topics
Whether you are new to estate planning or are updating an existing estate plan, it is important to have a comprehensive estate plan that addresses all your needs and objectives. To help ensure that your plan accomplishes every you need it to, the Beverly estate planning attorneys at Legacy Care Law Firm point out commonly overlooked estate planning topics. Overlooked Estate Planning Topics Because your estate plan should be uniquely tailored to meet your needs it may not be … [Read more...] about Commonly Overlooked Estate Planning Topics
