Congratulations! You graduated from high school and are (fingers crossed) heading off to college in the fall. In preparation, you are shopping for school supplies, bedding, a new wardrobe, and researching the best classes to take. What you’re likely not thinking about is ensuring you have the proper estate planning documents in place before heading…
For parents of minor children, under 18 years of age, there are important considerations you should be discussing with respect to your Last Will & Testament. Minor children do not have the ability to collect the funds of an estate or be their own decision-maker. This is why the estate planning documents of the parents should provide…
As I walked along the beach road where I live, I saw a bright spot in the grass which turned out to be a rock, painted pink and inscribed with “LOVE”. I put this new treasure in my pocket and continued to the beach, contemplating the state of current affairs. I couldn’t help but wonder…
Q: My brother passed away with significant credit card debt, as the executor and one of the beneficiaries his estate am I responsible to pay these bills? A: As executor of your brother’s estate you are responsible to pay the debts out of the assets of his estate. You are not personally liable for…
This year my marks my firm’s 25th year and tomorrow is Administrative Assistants day. These are the stories about the people who make up the firm. Some references are to individual contributions, some reference acts of determination that are repeated so often by so many over a span of years that they have become the…
What is a Pooled Income Trust? Many individuals have heard of the trusts used in estate planning, such as an Irrevocable Trust, Income Only Trust, or Medicaid Asset Protection Trust. However, there is a trust not so commonly known, a “Pooled Income Trust” which can be established by Medicaid applicants. The seldom mentioned Pooled Income…
Last week, I was reminded of a turning point in my early years when trying to integrate my family life with my professional life. The recent upheaval caused by the pandemic has highlighted the difficulty in creating a “work-life balance.” The optimum work life balance and how to accomplish it have been a common topic…
I have a confession to make. I did a Tedx talk in 2016, entitled: “Making Heads or Tails of the Third Age” and I never looked at it again. The Third Age was a term I used for most individuals who, after a period of striving to survive and raise families and improve careers, seek opportunities to…
On March 21, 2020, the Internal Revenue Service (IRS) announced in IR -2020-58 that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. The IRS also announced that taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without…