While estate planning may seem exclusive to the very rich, an estate is simply the aggregate of property that an individual owns, and nearly everyone owns something. Property ownership includes individual as well as jointly owned bank accounts, stocks and… Read more »
Author: michellepyatt
What Are the Circumstances Under Which Disinheriting a Child Becomes a Mistake?
Property or money inheritance is generally treated equally by most parents. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a child who is… Read more »
Plan Ahead When It Comes to Inheritances and Medicaid
Medicaid and inheritances are tricky areas to navigate, and mistakes can cost you a lot of money. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully… Read more »
Elder Law and Estate Planning: How They Differ
Estate planning and elder law differ from each other when it comes to planning for your future financial affairs and health care needs. Estate planning and elder law also have some similarities. Even though these two types of law are… Read more »
Tips for Selecting a Continuing Care Retirement Community
Across the country, continuing care retirement communities (CCRC) are gaining popularity. Sometimes referred to as life plan communities, the goal is to provide a long-term care option for older residents. These residents prefer to live in the same community, though… Read more »
Powers of Attorney and Becoming an Adult
As your child turns 18 (in most states), it might be hard to envision that the little child you once relied on for everything is now an adult. Now your child is free to vote, marry, apply for a credit… Read more »
What Happens to an Inheritance When the Beneficiary Dies?
Upon a beneficiary’s death, who receives his or her estate? You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in his place? The answer is,… Read more »
A Look at Wills and Their Significance
An estate plan specifies how your property will be distributed when you die and provides instructions regarding how to care for your dependents. If you have people who you love and care for, then creating a will for your peace… Read more »
Discover What Government Programs Are Available to Seniors
The current inflationary pressures are resulting in financial insecurity for many senior citizens in the US. Aside from cutting back on unnecessary expenses, many retirees or near retirement individuals should look to existing government programs to possibly qualify to receive… Read more »
The Estate Planning Process for Timeshares
During the purchase of a timeshare in a holiday resort, the resort agent recommended that Mom and Dad sign a deed leaving the share to their children so that after their passing, the children could continue to enjoy it. It… Read more »