Most people love their children and would like to provide well for them. And how better to provide well for your children than to give them abundant wealth? Well, estate planners appreciate how wealth can be both a blessing and a curse. In particular, most parents do not recognize how harmful it can be to […]
No matter the mode of transportation, traveling with a loved one who has dementia differs greatly from traveling with other friends and family members. Preparing the necessary resources for a long trip that crosses state lines can be daunting for caregivers. The Administration on Aging (AoA) recognized this need along with the countless additional needs […]
David Cassidy has been a presence seen in countless households for nearly fifty years thanks to the television show, The Partridge Family. After spending the time to come to terms with his diagnosis of dementia, he decided to publically reveal that he has been living with the same disease that took his mother’s life about […]
Siblings’ Fight over Mom’s Care Gets ViolentIt is no mystery that siblings often fight with each other. And while childhood presents many opportunities for disputes, conflicts are by no means limited to the younger years. We see in our practice a common scenario of adult children engaging in bitter arguments with each other over the […]
The 6 Million Dollar Fight Over George Michael’s Home and EstateOn Christmas Day 2016 George Michael’s body was discovered by his lover Fadi Fawaz. Since that time significant tensions have arisen between Fawaz and Michael’s surviving family members – his father and two sisters. In the dispute amongst George Michael’s loved ones we see some […]
Gray Divorce- Estate Planning and Long-Term Care PlanningIt’s true… Baby Boomers are changing the way we think about work, retirement and, yes, divorce! Baby Boomers in general are more independent, more physically active and working longer than generations before them. As a result, Baby Boomers are living longer. Perhaps this is why there has been […]
The Estate of Prince – Valuation is Tricky (Part 2) Last week we discussed how Prince died without a Will and several problems that that is causing in the process of estate settlement. This week we consider another aspect of Prince’s estate settlement: the challenges of properly valuing assets in estate settlement. […]
For better or for worse, our current culture is very car-dependant; in many places, cars are the only convenient link to the outside world. Unfortunately, as people age, driving can become more difficult and more dangerous. The elderly drive less, but have more crashes per mile than younger drivers. This is partially because elderly individuals […]
All hospitals must now give Medicare recipients notice when they are in the hospital under observation status. The notice requirement is part of a law enacted in 2015 but that just took effect.Signed by President Obama in August 2015, the law was intended to prevent surprises after a Medicare beneficiary spends days in a hospital […]
Even if you’ve created an estate plan, are you sure you included everything you need to? There are certain provisions that people often forget to put in in a will or estate plan that can have a big impact on your family.1. Alternate BeneficiariesOne of the most important things your estate plan should include is […]