Category Archives for 2019

Estate Planning Is Not Just Tax Planning

Estate Planning Is Not Just Tax Planning

As April 15 approaches following massive changes in the tax laws with the Tax Cuts and Jobs Act, one consistent thought follows. Over the years as the tax code changes both for estates and individuals and corporations, proper planning considers not just taxes but the ultimate goals of the taxpayer whoever that taxpayer might be. […]

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Will Your Bank Honor Your Power of Attorney

BPower Of Attorney

If you find it more difficult in recent years to have your Power of Attorney recognized by banks and financial institutions than previously, it might help to know some of the history behind both changes in the law and in attitude.  As one example, where documents designate your children as agents, the difference of one […]

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How to Decide Whether And When To Retire

Work Or Retire

If you attend financial planning seminars and have reached the 50+ age category you have probably been approached on the issues of when and how to retire.  Retirement itself is taken as a given.  It is assumed you want to retire and then, having so decided, the only question remaining is when and how. This […]

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Executor – Can You Locate the Will?

Do You Know Where the Will Is

After the time spent intently deciding who should receive the grandfather clock, your coin collection, and what specific percentage from the bank accounts and the proceeds of the sale of the house should be distributed to whom, one critical factor often ignored by Will Makers is that the person appointed as Executor needs to know […]

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ABLE Accounts Offer Options for the Disabled

Parents wanting to contribute funds to benefit their disabled children or provide some additional assistance on their death have some options they did not possess even a few years ago. In 2014, one of these alternatives, known as an ABLE account, came into being by federal law. There are limitations but, for those who qualify, […]

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Updating at the Pennsylvania Elder Law Attorneys’ Conference

Sometimes I think clients and the general public might believe attorneys continue on with their practice without feeling a need to refresh or keep up on current developments. This definitely is not the case with the group of elder law attorneys who are members of the Pennsylvania Association of Elder Law Attorneys (PAELA for short). […]

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Do You Really Need A Non-Probate Estate?

non-probate estate

Assuming you have listened to the many presentations voicing the idea you should avoid probate, you might have decided to jointly title all of your assets or make all your accounts payable on death or transfer on death believing that these actions avoid all complications. You anticipate you will avoid inheritance taxes. As a spoiler […]

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Moving to a Care Community? – Read the Agreement

Moving to a Care Community? – Read the Agreement

When you have finally decided to move from home to a senior retirement community that has levels of care – or when moving to a personal care/assisted living community – you and your family might not be in the mood to read legal agreements. The type is usually small and you figure you have no […]

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When You Might Go to Court Because of a Trust

Courthouse Becuase of Trust

Here is a situation you might consider. Your great-great Uncle Cyrus named you as a beneficiary of a Trust established by his Will. Every month (or quarter or year) you receive a distribution that you await with anticipation. You never actually read the documents but you know your cousins have been complaining recently because the […]

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