Higher education costs are increasing every year, so families are trying to find ways to save. One option is a 529 plan. These investment plans allow families to put money away for a child’s future education expenses and gain tax…
Age discrimination in the workplace persists despite decades of efforts to eliminate it. Age discrimination occurs when an employee or prospective employee is treated less favorably because of their age. It can be directed at older employees as well as…
Turning 65 is an important milestone for many Americans. However, preparing for this new stage of life requires more than celebrating a birthday. Before turning 65, it is important to review your finances, understand Medicare, plan for future healthcare needs,…
An estate tax is imposed in the US when assets pass from an estate of a deceased individual to an heir or beneficiary. An estate tax is not the same as an inheritance tax. It’s a tax on the total…
Technology has changed the way many legal services are delivered, including estate planning. Today, many estate planning attorneys use secure digital tools to communicate with clients, collect information, prepare documents, and manage ongoing estate plans.While traditional in-person meetings remain an…
A parent who is aging often loses the ability to think clearly and make meaningful decisions. This growing inability may occur due to Alzheimer’s disease, other forms of dementia, mental illness, stroke, brain injury, or other severe health or disability…
Despite some overlap, estate planning and elder law serve different purposes, yet both are equally vital to protect yourself and your family. The two terms tend to go hand in hand, but there are some differences. The biggest difference is…
You may need to update your estate plan annually to account for changes in federal estate tax law, gifts, and generation-skipping transfer (GST) tax exemptions. Since 2018, federal estate tax exemptions have allowed estates above $11.7 million (adjusted annually for…
Living wills are not last wills and testaments that indicate how you want your assets to be distributed after your death. Instead, it is a mechanism to communicate to your family and doctors how you want medical care conducted when…
Most people can communicate their wants and needs, but some people lose that ability when they are ill, injured, or afflicted. When this happens, they need someone they trust to advocate for them. You can prepare the proper legal documents…
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