As complicated as life can be, reconciling an estate after our death can be a tremendous task for surviving loved ones. Even if a person dies leaving a Last Will and Testament (“Will”) that names an executor to oversee the disposition of an estate, assets that are owned in individual name without a beneficiary designation need to go through a legal process called “probate” which is overseen by a court. Establishing a living trust during life .
We all know at least one story of a family relationship harmed by a contentious inheritance fight after the death of loved one. The general rule of thumb is the more divided a family is before a person’s death, the more difficult the distribution of an estate becomes afterward. Even under the best of circumstances, reconciling an estate after death often is complicated, time consuming, and if an estate goes through a probate process, .
The Centers for Medicare and Medicaid Services (“CMS”) is the federal agency that oversees the Medicare and Medicaid programs. On March 13, 2020, CMS made a number of rule changes that should help streamline the Medicare system for beneficiaries who need to access Medicare benefits during the COVID-19 outbreak. One element of the CMS rule changes will improve Medicare beneficiaries’ access to Medicare Skilled Nursing Facility (“SNF”) .
As a parent, discovering your baby has special needs can be overwhelming. Perhaps it was something you expected because of prenatal testing or birth trauma, or maybe your baby’s disability or diagnosis was discovered because of developmental delays. Either way, it can feel like you’ve been thrust into an advanced parenting class with no preparation. Where do you possibly begin to help your child take on the challenges ahead? Here are a few .
Comprehensive federal legislation referred to as the Setting Every Community Up for Retirement Enhancement (SECURE) Act (the “Secure Act”), became effective on January 1, 2020. The Secure Act makes changes to federal policy which may impact planning related to defined contribution plans, defined benefit plans, individual retirement accounts, and 529 plans. This article focuses on certain changes that impact owners and beneficiaries of .
Planning for end of life can be more than a little intimidating. (Perhaps that’s why 76% of respondents in a recent survey thought having a Will was important, but only 40% had one.) Perhaps it’s because we are too busy thinking of the here and now to think of how things will be managed after our death. Those of us who have already granted a trusted person authority to manage certain matters for us by signing a power of attorney document .
Sometimes the simplest ideas are the best. What is a non-intrusive, low-risk way to help seniors in a nursing home to reduce stress, relieve boredom, and provide a needed avenue for physical touch and to show and receive love? Therapy dogs!
Your father recently passed away, and you’ve learned that your sister has been named executor of his estate. Where does that leave you?
If you’ve lived through the death of someone close to you, you understand how complicated estate-related questions can become.
Special Needs Planning Basics
It’s difficult to know where to start with writing a letter of intent. The information provided here is designed to give you some ideas of what you might want to include, and we’ve provided a downloadable template to help you get started. Keep in mind that the letter of intent is not considered a legal document. However, it has the advantage of going beyond legal instruments to help caregivers and the courts .
Susan’s mother had always been extremely independent, working as a school superintendent well into her 70's and living alone after the death of her husband over 20 years ago. Then it all changed in the space of just a few months. Her mother became forgetful, and at times would become disoriented. She had to step down from the job she loved, and it was not long before she could not safely live alone. Of her three children, two lived out of .