The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. The first article in this series examined the SECURE Act. This article examines some planning strategies for dealing with the SECURE Act. Read on to learn more. … [Read more...] about Planning for the SECURE Act
Leaving Behind Your Legacy
If you already have an estate plan in place, it may be time to take that plan to the next level by incorporating legacy planning into your overall plan. Legacy planning is not something that takes the place of your existing estate plan. Instead, legacy planning takes over where your estate plan left off. It allows you to do more than just plan for the disposition of your tangible assets because, when you stop to think about it, you likely want to pass down much more to future generations. … [Read more...] about Leaving Behind Your Legacy
The SECURE Act and What It Means for You
The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. Read on to learn more. … [Read more...] about The SECURE Act and What It Means for You
Spousal Impoverishment Guidelines for 2020
If you are currently enjoying your retirement years, or will be soon, the likelihood that you (or your spouse) will need long-term care is a real concern. The high cost of LTC means that paying for LTC may involve qualifying for Medicaid benefits. You may, however, be concerned about relying on Medicaid because of the asset rules. Once upon a time, qualifying for Medicaid could result in leaving a community spouse without sufficient assets to survive; however, that is no longer the case thanks … [Read more...] about Spousal Impoverishment Guidelines for 2020
Estate Planning Conference Discusses SECURE Act and More
The Heckerling conference, the largest conference for Estate Planning in the country, occurred last week in Orlando, FL. Many of the thought leaders in Estate Planning and Elder Law got together and discussed recent developments and new strategies. The SECURE Act was the biggest topic this time. Read on to learn more. … [Read more...] about Estate Planning Conference Discusses SECURE Act and More
Beneficiary Designations and Other Non-Probate Transfers
Many of us are surprised that our assets may not go to those named in our Will. However, if you have assets controlled by beneficiary designations or other non-probate transfers, that’s the case. Read on to learn how a Will might not control all your assets. Read on to learn more. … [Read more...] about Beneficiary Designations and Other Non-Probate Transfers
How to Be a Long-Distance Caregiver
Watching a parent or other elderly loved one succumb to the physical and/or mental deterioration that goes along with the aging process is never easy. Trying to provide care to a loved one from far away can make things even more difficult. Nevertheless, many people find themselves in precisely that role – a long-distance caregiver. In an effort to make your life a little easier, a Woburn area elder law attorney at Legacy Care Law Firm explains how to be a long-distance caregiver. Unpaid … [Read more...] about How to Be a Long-Distance Caregiver
How to Handle Two Generations in Retirement
When most of us contemplate our retirement years, we envision travel, spending time with the grandchildren, or maybe taking up a new hobby. What we don’t consider is the increasingly likely possibility that we will spend the majority of our retirement years as a caregiver to a parent. As a North Andover area elder law attorney at Legacy Care Law Firm explains, however, having two generations in retirement at the same time has become commonplace. The New Phenomenon Experts tell us that … [Read more...] about How to Handle Two Generations in Retirement
How Will You Age in Place and Be Able to Die at Home?
More and more, Americans are choosing to be cared for and are dying in their own homes. If you wish to be cared for and die in your own home, it’s especially important to have a plan in place to facilitate that choice. Read on to learn more. How Will You Age in Place and Be Able to Die at Home? … [Read more...] about How Will You Age in Place and Be Able to Die at Home?
Is There A Difference between Alzheimer’s and Dementia?
It seems as though Alzheimer’s is in the news on an almost daily basis. If you have a loved one who is showing signs of memory loss you are undoubtedly worried that it means Alzheimer’s is around the corner. Does as memory loss lead to dementia and is all dementia caused by Alzheimer’s though? To clear up some confusion, a North Andover area elder law attorney at Legacy Care Law Firm explains the difference between Alzheimer’s and dementia. Defining Dementia Understanding the relationship … [Read more...] about Is There A Difference between Alzheimer’s and Dementia?
