Category Archives for 2019
US and Canada Rotary Districts Plan For the Future
Last week I took some days from the office to travel to Niagara Falls, Ontario, Canada for a purpose very dear to my heart. Anyone who knows me well knows I have a close involvement with Rotary. This year I had the privilege of being inducted as the president of our own Greater West Chester […]
Continue readingWhat To Consider When You Gift
In later years if you feel you are comfortably situated you might take a look at gifting either as a way of moving assets out of your estate or to pass some of your wealth on to your children before you die. Charitable gifting during lifetime can also be a satisfying way to benefit organizations […]
Continue readingRetirement and Widowhood
A recent article from a Forbes online source raised the issue of retirement, inheritance tax and reduced inheritance tax and finally widowhood. (William Baldwin, “Retirement and Widowhood“) While we frequently plan for our estates considering what we leave to our spouses and children it is probably a fact that we rarely consider the long life […]
Continue readingExploring What Is the Best State for Long Term Care
If your parents live in Kentucky and you live in Pennsylvania and your brothers and sisters live in California and New York, chances are you may have had “the conversation” discussing with your parents where they might live if one of them needs long term care. It is not just a question whether they might […]
Continue readingDo Shared Living Arrangements Make Sense
When a daughter travels great distances to assure her mother is well or son visits so often with father that each of them figure it might be easier if they simply joined households, it might be time to begin to question whether a joint living arrangement might make sense for everyone. Multigenerational living is likely […]
Continue readingKnow When to Use or Not Use A Reverse Mortgage
As seniors and their families struggle to deal with the cost of long term care, reverse mortgages become a continuing topic. While seen by some as a convenient source of ready cash, this strategy can come with pitfalls that must be recognized in advance. One of the most consistent myths is that a reverse mortgage […]
Continue readingAdvice When It Comes Time To Transition the Family Business
Did you check my blog because you are a business owner moving on? Few decisions are as individual and personal for the owner of a family business than the decision to move on. Sometimes moving on simply means moving on to another business, hence the expression “serial entrepreneur.” Sometimes it means transitioning to a time […]
Continue readingExecutor – Can You Locate the Will?
In all the busy running around from day to day it is easy to lose track of important documents. It can also be helpful to know which ones are needed in original form and when a copy (or electronic version) will work as well. Here is some general information. Of all the documents that need […]
Continue readingProtecting Your House and Medicaid
While reading an article recently on asset protection for physicians I was struck by some of the same issues, but on a different level, for Medicaid and the Medicaid estate recovery program. In particular I noted concern regarding the house. Whether it is a $120,000 property or one substantially higher in value property owners are […]
Continue readingReporting Back From PAELA and the 2019 Elder Law Institute
Suppose you had the opportunity to sit around a huge table along with about 70 or 80 of the brightest people in your field and ask and answer questions regarding issues that have you all scratching your heads as to the best way to go. At the same conference you can also listen to people […]
Continue readingShould You Be A Trustee?
A recent article in Elder Law Answers, www.elderlawanswers.com, an online publication primarily for lawyers but also available to the public, discussed “A Brief Overview of a Trustee’s Duties.” It occurred to me then that most members of the public, while aware of the term “Trustee,” did not really know what a Trustee does. If asked […]
Continue readingSenior Issues – A View From the Past
Over the holiday weekend I had a chance to handle some cleanout at home, including the opportunity to review some past forgotten columns in the West Chester Daily Local News. With more than twenty years of columns under my belt, so to speak, there was some history built here. By the way, I did not […]
Continue readingDUI Cases: A Guide to Understanding and Action
Facing a DUI charge is a serious matter with potential legal, financial, and personal repercussions. Understanding the implications and knowing how to respond is crucial for individuals involved in DUI cases. 1. Immediate Actions If you find yourself pulled over for suspicion of DUI, it’s essential to remain calm and cooperative. Comply with law enforcement’s […]
Continue readingHouse Bill Hints At Future of IRAs
Having listened to clients over the years express dismay regarding Required Minimum Distributions from retirement accounts, I recognize their concern. Generally speaking, the older the holder of an IRA or 401(k) becomes the more he or she needs to withdraw from the account on an annual basis and, therefore, the more taxes need to be […]
Continue readingCan I Gift More Than $15,000?
One of the questions I have frequently been asked as an elder law and estates attorney is “how much am I allowed to gift?” It is often phrased this way although sometimes the expression is “am I allowed to gift more than $15,000?” or for people who have not recently reviewed federal tax law “am […]
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