Category archives: Estate Planning
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8 years ago
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Passing down a Roth IRA can seem like a good idea, but it doesn't always make the most sense. Before converting a traditional IRA into a Roth IRA to benefit your heirs, you should consider the tax consequences.
Earnings in a traditional IRA generally are not taxed until they are distributed to y... [read more]
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8 years ago
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If for any reason, you become unhappy with the person you have appointed to make decisions for you under a durable power of attorney, you may revoke the power of attorney at any time. There are a few steps you should take to ensure the document is properly revoked.
While any new power of attorney... [read more]
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8 years ago
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Two years after the passage of the Achieving a Better Life Experience (ABLE) Act, four states -- Florida, Nebraska, Ohio and Tennessee -– have ABLE plans up and running, and all but Florida allow out-of-state beneficiaries to open accounts.
States have been slow to create the appropriate regulati... [read more]
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8 years ago
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Our office participated in the Clay County Senior Expo 2016 this week. Pictured are Associate Attorney, Alison E. Hickman, JD and Marketing Manager and Executive Assistant, Paula Brewer Emery.
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8 years ago
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Assisted living facilities are a housing option for people who can still live independently but who need some assistance. Costs can range from $2,000 to more than $6,000 a month, depending on location. Medicare won’t pay for this type of care, but Medicaid might. Almost all state Medicaid prog... [read more]
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8 years ago
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Being the executor of an estate is not a task to take lightly. An executor is the person responsible for managing the administration of a deceased individual's estate. Although the time and effort involved will vary with the size of the estate, even if you are the executor of a small estate you will... [read more]
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8 years ago
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In recent years a number of non-lawyers have started businesses offering Medicaid planning services to seniors. While using one of these services may be cheaper than hiring a lawyer, the overall costs may be far greater.
If you use a non-lawyer to do Medicaid planning, the person offering servic... [read more]
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8 years ago
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Many parents or grandparents with sizable amounts of money to pass on to their heirs are apprehensive about the effect it many have on their children or grandchildren. In some instances, they fear that the recipients will misspend the funds on drugs, fancy cars or failing businesses. In other cases,... [read more]
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8 years ago
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As a parent or guardian, you want to ensure that your child with special needs will remain financially secure even when you are no longer there to provide support. Given the significant, ongoing expenses involved in your child's care and uncertainty about what needs may arise after you are gone or w... [read more]
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8 years ago
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Social Security Disability Insurance (SSDI) is a federal program that typically provides cash stipends to people who have paid into the Social Security system and who can't work due to disability. (In some cases, it is possible to receive SSDI even if you haven't worked.) In most cases, when some... [read more]
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8 years ago
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Grady H. Williams, Jr., LL.M., Attorneys at Law, P.A. is dedicated to exceeding our clients’ expectations with Elder Law and Estate Planning expertise designed to provide financial security, peace of mind and personal dignity. Our caring and professional attorneys and staff stay current on the laws ... [read more]
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8 years ago
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Medicare beneficiaries may now discuss options for care at the end of life with their health care providers.
Beneficiaries of course were already free to talk about advance care planning with their doctors or other qualified health professionals, but the practitioners could be reimbursed for ... [read more]
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