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Power of Attorney Misconceptions
A durable power of attorney (POA) is one of the most important estate planning documents you can have. It allows someone who you appoint (your agent) to make decisions on your behalf in the event you become incapacitated. It is also one of the most misunderstood. This article will break down some of. . .
17th January,2019
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Using Alternative Dispute Resolution to Resolve Your Family Law Case Out of Court
More and more family law litigants are turning to alternative dispute resolution processes to resolve their disputes. Among these processes are the collaborative process where both parties hire attorneys and all decisions are made together without involvement of a Judge; mediation, in which the part. . .
17th January,2019
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Maybe You Don’t Want to Transfer the House to Your Kids…A Medicaid Mistake.
Mom and dad are getting older. One day dad tells mom that they may need to move to a nursing home. Concerned that the state will take all of their money, he takes certain precautionary measures; dad executes a deed transferring the home to his trusted adult children. For the average middle income fa. . .
8th January,2019
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3 Tips for Parents or Caretakers of Vulnerable Adults
1. Legal Guardianship of a vulnerable adult can only be granted once a person turns 18 years old and has a qualifying disability. Before 18, a person has not reached the statutory age of majority. After 18, only persons who are “incapacitated” are eligible to have a judicially-appointed guardian. . .
8th January,2019
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Alternate Tax Strategies In Alimony Cases
Since any alimony arrangement made after January 1, 2019, will not be deductible from the gross income of the spouse paying it nor includible in the gross income of the spouse receiving it, an alternate method of gaining a tax benefit to the paying spouse may be to have that spouse transfer 401(k) f. . .
10th December,2018
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Year End (New Year) Resolutions
Too often clients come to me when they have their backs against the wall faced with a difficult situation. Whether it is mom or dad, your husband or wife, or your best friend, people tend to not look to the horizon when it comes to long-term care planning. Spend a few hours of your time […]. . .
16th November,2018
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