Topics: Estate Planning
CALL TO ACTION: This is a call to action to our clients and readers who own their homes jointly with their spouses or with another individual and those who have created life estate deeds.Read More
Probate is the process through which after death your possessions are passed on to whichever individuals and charities you name in your will. If you don't have a will, your property passes under what are called the rules of "intestacy" which means that state law determines who gets what -- essentially your closest relatives.Read More
Whether you are hiring an attorney for estate planning, a litigation matter, criminal defense or for a corporate negotiation, there are a number of attributes to the legal representation that you should be able to expect. While the list could be much longer, here are five:Read More
Seniors often become susceptible to financial abuse as the result of increased dependency due to illness, disability or cognitive impairments. They also often have a nest egg that they've accumulated over decades which can make them a target for predators, whether an offshore bogus sweepstakes or a care provider who sees an opportunity to be paid more than an hourly wage.Read More
While two of our blog posts on life estates and durable powers of attorney (see the links on the right) get far more traffic than all others (they must have gotten greenlighted by Google in some fashion), following are the most popular articles we posted in 2015.Read More
Nothing. Both LegalZoom and RocketLawyer create great legal forms. They should; they have the resources to hire first-rate lawyers to draft them. But the estate planning (or corporate) document is just one product of any legal representation.Read More
Topics: Estate Planning
There are two kinds of annuities: variable and immediate. Both can be useful for retirement planning purposes and both can be misused. Variable annuities have gotten a bad reputation in recent years because they are often sold to people, especially seniors, for whom they are inappropriate. Immediate annuities, on the other hand, may be undersold.Read More
By Harry S. Margolis
For most people, putting off estate planning until they're older does not present a problem. The odds are that they'll be alive and healthy for the foreseeable future. But for Baby Boomers, these odds are changing rapidly.
I developed the following (somewhat morbid) table from Social Security Administration actuarial data (https://www.ssa.gov/oact/STATS/table4c6.html) to reflect the chances of dying in any 10-year period. As you can see, it is quite small before age 50, especially for women, but then increases dramatically, essentially doubling each decade.Read More
Ill patients die every day waiting for an organ transplant. Even more continue to live curtailed lives. According to the New England Organ Bank, there are 120,000 Americans are waiting for organs right now. More than 6,000 die each year waiting for a transplant. The death of one person who has signed up as an organ donor can save seven lives through donated organs and many more through donated tissue.