Stuff in the ‘estate planning’ Category
Using Estate Planning to Prepare for Medicaid
Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations. Long-term care can be very expensive, especially around-the-clock nursing home care. Most people end up paying for nursing home care […]READ POST »
How to Divide Up Personal Possessions Without Dividing the Family
Allocating your personal possessions can be one of the most difficult tasks when creating an estate plan. To avoid family feuds after you are gone, it is important to have a plan and make your wishes clear. When passing on possessions to your heirs, savings and investments are easy to divide up, since they […]READ POST »
Single? You Still Need an Estate Plan
Many people believe that if they are single, they do not need a will or other estate planning documents. But estate planning is just as important for single people as it is for couples and families. Estate planning allows you to ensure that your property will go to the people you want, in the way […]READ POST »
Make Sure Your Beneficiary Designations Match Your Estate Plan
Many types of property and investments pass outside of probate and allow you to designate who will receive them after your death. It is important that these designations are kept up to date and are consistent with the rest of your estate plan. When you open an investment account or retirement plan or buy life […]READ POST »
New Retirement Law Changes Special Needs Planning
Just before the end of 2019, Congress passed, and the President signed a spending bill that includes significant changes to retirement savings accounts. Known as the Setting Every Community Up for Retirement Enhancement (SECURE) Act, this legislation changes rules around retirement plans in several keyways. Families with special needs members should pay close attention, as these […]READ POST »
The Secure Act and Its Impact
By Christine A. Alsop, The Elder & Disability Advocacy Firm of Christine A. Alsop, LLC President Trump recently signed a spending bill that makes major changes to retirement plans. The new law is designed to provide more incentives to save for retirement, but it may require workers to rethink some of their planning. The Setting […]READ POST »
Conservatorships versus powers of attorney
At some point, many Missouri families will need to manage the affairs of an elderly family member who can no longer make decisions. A power of attorney offers a straightforward way to take over decision making, but this legal document must be prepared and signed while the elderly person remains of sound mind. When a […]READ POST »
Unexpected losses highlight the importance of estate planning
The recent death of iconic performer Robin Williams devastated fans across the country, not to mention the friends and family closest to him. The loss is substantial, and is just the latest in string of unexpected celebrity deaths that have happened in recent months. From James Gandolfini to Casey Kasem, Paul Walker to Phillip Seymour […]READ POST »
