Avsl2971

Author's details

Date registered: November 27, 2012

Latest posts

  1. Preventing a Will Contest — July 20, 2017
  2. How Medicare and Employer Coverage Coordinate — July 12, 2017
  3. Relief From Medicare’s Part B Late-Enrollment Penalty Offered to Some — July 12, 2017
  4. Are Trusts Still Useful If the Estate Tax Is Repealed? — July 12, 2017
  5. Lack of a Will Could Mean Chaos for Prince’s Estate — December 22, 2016

Author's posts listings

Jul 20

Preventing a Will Contest

Emotions can run high at the death of a family member. If a family member is unhappy with the amount they received (or didn’t receive) under a will, he or she may contest the will. Will contests can drag out for years, keeping all the heirs from getting what they are entitled to. It may …

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Jul 12

How Medicare and Employer Coverage Coordinate

Medicare benefits start at age 65, but many people continue working past that age, either by choice or need. It is important to understand how Medicare and employer coverage work together. Depending on your circumstances, Medicare is either the primary or secondary insurer. The primary insurer pays any medical bills first up to the limits …

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Jul 12

Relief From Medicare’s Part B Late-Enrollment Penalty Offered to Some

Medicare is offering relief from penalties for certain Medicare beneficiaries who enrolled in Medicare Part A and had coverage through the individual marketplace. For a short time, these individuals will be able to enroll in Medicare Part B without paying a penalty for late enrollment. Individuals who do not enroll in Medicare Part B when …

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Jul 12

Are Trusts Still Useful If the Estate Tax Is Repealed?

With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax.  In 2017 the tax affects only estates over $5.49 million, meaning that for more than 99 percent of Americans, it’s already been repealed.  With no estate tax, do you still need a trust? While trusts can be used …

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Dec 22

Lack of a Will Could Mean Chaos for Prince’s Estate

The famed recording artist Prince died leaving an unknown fortune and possibly no will or estate plan to dictate what to do with that fortune. Prince’s sister, Tyka Nelson, told the probate court in the Minnesota county where Prince lived that her brother did not have a will, which means his estate could be in …

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Dec 05

May Someone With Dementia Sign a Will?

Millions of people are affected by dementia, and unfortunately many of them do not have all their estate planning affairs in order before the symptoms start. If you or a loved one has dementia, it may not be too late to sign a will or other documents, but certain criteria must be met to ensure …

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Mar 21

Medicaid for Millionaires?

Medicaid for Millionaires? Can a millionaire qualify for nursing home Medicaid? Part of the practice of Medicaid planning is to position a client in such a way that the client will financially qualify for Medicaid. At first blush, a client with a large net worth would not meet the financial criteria for Medicaid. But can …

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Sep 10

Advanced Age Marriage- Prenups are not just for divorce

  Paul L Dineen / Foter / CC BY Marriage Later in Life Anytime two people get remarried and there are children from a previous marriage there needs to be consideration of how your estate plan will function with your children and your new spouse.  Your estate and assets were built over time with a …

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Sep 03

What will happen to my special needs child when I can no longer care for them?

Special Needs Trust mikel450 / Foter / Creative Commons Attribution 2.0 Generic (CC BY 2.0) A special needs trust is a discretionary trust with the purpose of caring for and enhancing the lifestyle of a special needs person when you pass away or are no longer able to care for them.

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May 21

Record keeping and Medicaid Applications in NY

Joann was a good daughter.  She did what any good daughter would do:  when mom became ill, she sacrificed her own life and well being to take care of mom.  She left full time employment and took a part time job, so she could be with mom to help her take care of her medical …

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