Tag Archive: Arnis Sprancmanis

Jul 20

Preventing a Will Contest When Family Emotions Run High

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. A Will contest can drag out for years, keeping all the heirs from getting what they are entitled to. It …

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Jul 12

How Medicare Benefits 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 benefits 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 …

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Jul 12

Relief From Medicare Part B Late Enrollment Penalty Offered to Some

Medicare is offering relief from the Medicare Part B Late Enrollment Penalty 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 …

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Jul 12

Are Trusts Still Useful If the Estate Tax Is Repealed?

Estate Tax

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the tax affects only estates over $5.49 million, meaning that for more than 99 percent of Americans, it’s already been repealed.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 05

May Someone With Dementia Sign a Will?

Dementia and Estate planning

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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Sep 10

Advanced Age Marriage- Prenups are not just for divorce

Marriage Later In Life

  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 previous spouse, or on your own with the …

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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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