Category Archives: Estate Planning
When Nursing Home Plans Fall Through
A career in Washington DC is exciting; you may feel that you are at the center of the universe and your children get to see firsthand what most people only get to read about in news headlines. You might decide that, even after retirement, you never want to leave D.C.; how dull must the… Read More »
If You Want To Be Able to Continue To Afford Shower Gel, You Need An Estate Plan
You can tell who has someone on the outside who cares about them, because those are the ones who have a supply of pretzels to munch while they watch TV or a set of crayons with which to decorate Christmas cards for their relatives and postage stamps with which to send these cards. It… Read More »
Beware Of The Five-Year Look Back Rule For Medicaid Nursing Home Eligibility
Some people interpret every small coincidence as a sign that the government is watching their every move and trying to nickel and dime them out of all of their prosperity and enjoyment. For the most part, though, the government will not scrutinize your every transaction unless you do something to provoke it. That something… Read More »
What Should You Do With Your Old House After You Retire?
You don’t have all your plans for retirement worked out yet, but you are certain that you do not want to continue living in your current house. The D.C. suburbs are for workaholics and ambitious students, not for carefree retirees like you. Therefore, you have decided to relocate to an area that better fits… Read More »
Providing Financial Support To Your Children Requires Strategy
You would be within your rights to decide that, now that your children are grown up, your income and your retirement savings are for you and no one else. Your goal is to be able to support yourself in retirement without depending on any family members except your spouse, and if there is anything… Read More »
If You Live With Your Parents, Their Estate Plan Is Your Problem
Being part of the “sandwich generation” is one of the most difficult phases of life. An article published on Slate several years ago reported that the seniors that the authors interviewed chose their late 40s as the most stressful time of their lives. Although the survey respondents listed a variety of reasons for their… Read More »
Does Your Estate Plan Account For Family Caregiving Obligations?
Estate planning is about more than just financial decisions. It is possible to spend years changing your mind about how much money you will need to save so that you will have enough if you use four percent of your savings each year, and even longer trying to find an alternative to the four… Read More »
How To Stop Your Memorabilia Collection From Becoming A Burden To Your Family During Probate
People might earn money to impress other people, and they might spend it on the most expensive real estate, décor items, clothing, vehicles, and jewelry, but memorabilia collections exist for the enjoyment of the collector. Some of the items in your memorabilia collection may be very valuable, but the fun of collecting is the… Read More »
Estate Planning, Washington DC Style
Did you hear that millennials are leaving the DC area in droves? There’s no one left here but us. Are we really so old that the Millennium, at which time we were already young adults, was more than 20 years ago? Where did the time go? Our hair is turning gray, and our children… Read More »
Can You Inherit Bitcoin?
Most people focus on a narrow range of items that can make a person wealthy, such as cash, real estate properties, gold, and stocks. It is easy to scoff when someone boasts about their wealth in a form that you would not think of as valuable. Laugh all you want at the coupon clippers… Read More »
