Costs of Some New Long-Term Care Insurance Policies Going Down in 2018

Estate Planning, Wills And Trusts

While long-term care insurance costs are up in general, some policies are going down in 2018, according to the 2018 Long Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance (AALTCI), an industry group. A married couple who are both 60 years old would pay an average of […]

What Happens When a Nursing Home Closes?

Estate Planning, Wills And Trusts

A nursing home closure can be traumatic for residents who are forced to move. While there may not be much that can be done to prevent a closure, residents do have some rights. Moving into a nursing home can be a stressful experience on its own. If that nursing home closes, residents can experience symptoms […]

Have a Happy New Year: Five Resolutions for a Stress-Free 2018

Estate Planning, Wills And Trusts

Estate planning can be an unsettling process for many people. An estate plan is the strategy you develop at any age, for your life and future, to provide yourself and your family peace of mind, so you can enjoy the years to come worry free. There are a few things that you MUST do to […]

How Will the New Tax Law Affect You?

Estate Planning, Wills And Trusts

While most of the new tax law – the Tax Cuts and Jobs Act — has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers. Before we get into the details, be aware that almost everything listed below sunsets after 2025, with the tax […]

You Can Give Away More Tax Free in 2018

Estate Planning, Wills And Trusts

After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person who gives away $15,000 or less to any […]

Wealth vs. Health

Estate Planning, Wills And Trusts

I came across this great article in Forbes’ Wells Fargo Voice from last month written by Alice Lesch Kelly that I want to share: Wealth Vs. Health: Take A Balanced Approach: (Go to: Forbes for original post, mostly reproduced here). We all need balance in our lives and this article provides some great strategies for […]

Use Your Will to Dictate How to Pay Your Debts

Estate Planning, Wills And Trusts

The main purpose of a will is to direct where your assets will go after you die, but it can also be used to instruct your heirs how to pay your debts. While generally heirs cannot inherit debt, debt can reduce what they receive. Spelling out how debt should be paid can help your heirs. […]

How the Elderly Lose Their Rights!

Estate Planning, Wills And Trusts

Guardians can sell the assets and control the lives of senior citizens without their consent – and reap a profit from it. Everyone must read this great article from the October 9, 2017 issue of the New Yorker by Rachel Aviv.  – Click Here for New Yorker Article