Let’s begin with a better question. What if my beneficiary dies before I do, but my will is not updated to reflect this? This is when an anti-lapse statute can step in. This law has been recognized by the Uniform Probate Code. It is followed by any state that has adopted the Uniform Probate Code, …
Continue reading “What is the Anti-Lapse Statute in Elder Law?”
Under the Tax Cuts and Jobs Act, portability became a potential option for people with larger estates when dealing with the second-headed monster of estate planning. As I have previously explained in my videos and articles, the second-headed monster of estate planning is the estate death tax. The concept of portability deals more with federal …
https://www.youtube.com/watch?v=2NiYiwlmvvo There are many differences between a will and a trust. In fact, it’s day and night and apples and oranges. One of the main differences is how much protection you have from the four-headed monster I have explained in previous videos and articles. This consists of probate court, estate taxes, financial creditors and predators, …
Continue reading “What is the Difference Between a Will and a Trust?”
The main difference between an estate planning attorney and an elder law attorney stems from the attorney’s ability to help you during the different stages of life. However, for estate planning or elder law, the impetus is upon you to take action, get off the sidelines, get on the field, and slay the metaphorical four-headed …
When you think of elder law, it is essential to think of the four-headed monster. You want to shield yourself from or slay this so-called metaphorical beast. This analogy comes from four big areas of elder law that you should know about but also try to avoid. Let’s start with the first-headed monster: probate court. …
Elder law attorneys do a number of different things. They typically advocate for seniors born between 1946 and 1964 and beyond. This could include helping them apply for long-term care in a skilled nursing facility or nursing home or preparing estate planning documents. An elder law attorney should be versed in the following areas: Medicaid …
The average cost could run the gamut depending on various factors. The key is to make sure you work with a qualified elder attorney. Once you have an assessment and evaluation from a qualified elder attorney where you live, you will receive advice on the next steps and range or estimate of legal fees. They …
Continue reading “What Questions Should You Ask Your Estate Planning Attorney?”
https://www.youtube.com/watch?v=DkrWLaJSrVo The average cost could run the gamut depending on various factors. The key is to make sure you work with a qualified elder attorney. Once you have an assessment and evaluation from a qualified elder attorney where you live, you will receive advice on the next steps and range or estimate of legal fees. …
Continue reading “What is the average cost of using an attorney to help with Medicaid benefits?”
A wise man once said a $500 will gets you about $500 worth of protection. Statistically, nearly six out of ten Americans don’t have a will. This even includes celebrities. Larry King passed away with no comprehensive estate plan, leaving a giant mess behind. This giant mess is created by the four-headed monster. This includes …
It is sad to say elder abuse is a fairly common concept in our society. Even more tragic is that elder abuse is often at the hands of their own family members. The stereotypical case might be an adult son or daughter that lives with an aging parent, and they are taken advantage of the …
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