by Leslie Marenco | Apr 17, 2015 | Articles, Asset Protection, Estate Planning
The poverty rate among seniors is rising, giving rise to the question of whether or not it is possible to inherit debt. In general, when a loved one passes, his or her debts fall to the estate to be paid. However, in situations where debt is shared — for...
by Leslie Marenco | Apr 17, 2015 | Articles, Estate Planning
Once you have chosen the people you want to receive any of your assets — either from a will, a trust, a life insurance policy or a retirement or bank account — the way you designate how they will inherit should be a key consideration. Here are five things...
by Leslie Marenco | Apr 10, 2015 | Articles, Estate Planning, Estate Tax, Gift Tax, Income Tax, IRS
The recession made many parents and grandparents into personal bankers, making loans to strapped children or grandchildren to help them cope with unemployment or other financial misfortune. However, family loans need to be prepared properly to avoid tax...
by Leslie Marenco | Apr 3, 2015 | Articles, Estate Planning
Estate planning is an ongoing process, and plans should be reviewed with a qualified estate planning attorney every few years to ensure that the goals you set in making your plan are still valid. When reviewing your estate plan, keep these things in mind: Your estate...
by Leslie Marenco | Mar 27, 2015 | Articles, Estate Planning, Health Care Directive, Trusts
Avoiding the need for a conservatorship – the process whereby someone is appointed by a court to assume responsibility for the property or the personal welfare of an adult – and keeping your family out of Court can be accomplished by making plans for incapacity in...
by Leslie Marenco | Mar 27, 2015 | Articles, Estate Planning
Currently, it is estimated that 7 in 10 Americans will need some type of long-term care, with Medicaid expected to pay for two-thirds of those long-term care services. A recent Huffington Post article entitled, Is Divorce the Best Option for Older Americans? examined...
