Estate Planning Attorney Options for Grandparents Estate Planning Attorney Joseph Hudack knows that there are several ways to plan for your grandchildren’s future. Different tools may be used to incorporate this newer generation into an estate plan. One way is to give the gift of education. With college tuition rising every year for both private…
Medicare Won’t Cover Rapid At-Home Covid Tests Estate Planning Attorney Joseph Hudack says that Americans’ ability to quickly and easily test for Covid-19 is one of the most important tools for stopping the infection’s spread. This is why the Biden administration recently announced it is requiring private insurers to cover the cost of up to…
Medicaid Estate Planning Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations. Long-term care can be very expensive, especially around-the-clock nursing home care. Most people end up paying for…
Estate Planning and Elder Law Attorneys Although Elder Law strategies often involve abuse, taxes, and estate planning, the two practices are distinctly different. If you need a nursing facility or long-term home care, your needs will best be met by an Elder Law attorney. One other critical consideration is an Elder Law firm will have…
How to Execute the Proper Estate Planning Documents? Execute the Proper Estate Planning Documents: A properly executed Will or Trust will allow you to state how you would like your assets to be transferred — and who will receive these assets — at your death. A Will or a Trust also lets you identify who…
Estate Planning in 2020 The Tax Cuts and Jobs Act, called The Act signed into law in 2017, provides excellent estate planning opportunities. The lifetime exemption amount for the gift, estate, and generation-skipping transfer taxes increased from $11.4 million to $11.58 million on January 1, 2020. The annual gift tax exclusion amount remains at $15,000…
Divorce Unfortunately, divorce is a topic that may come up during your estate planning and your lifetime. No one wants to think about divorce when getting married, and especially don’t want to think about dying after being married? It’s a community property state in California, but the law is relatively clear about what you can…
Estate Planning For Your Pet Have you wondered what might happen to your loving little family member who walks on four legs, has feathers or scales, and loves you unconditionally after you pass away? The best legal option when considering your pet and estate planning is to make a pet trust. With a pet trust,…
Guardianship in Estate Planning Our clients typically wonder what’s going to happen to their children if either or both parents pass away. Now what? The term “Guardianship” is used to appoint or name an individual(s) to take care of your minor children if either parent or both, have passed away or become incapacitated. In the…
How Many Plans Do I Need? Most folks have at least heard of estate planning. But fewer realize that a simple will is not enough to prepare for your future. In fact, a combination of plans – financial, tax, legacy, and estate – are vital to your financial well-being and the protection of your assets…