by Christine | May 13, 2014 | Elder Law, Estate Law, Inheritance, Reverse Mortgage Loan |
Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes that need not be paid back until they move out or die, have long posed pitfalls for older borrowers. Reverse mortgages definitely have advantages, such as offering...
by Christine | May 12, 2014 | 2012, Estate Planning |
…There are a few important questions many of us don’t think about. They’re the often overlooked issues of estate planning that could make all the difference for your relatives and heirs after you pass. Estate planning encompasses so many areas of your life. For...
by Christine | May 9, 2014 | Easement, Valuation |
Generally the best way to value things is by looking at what similar things sell for. There is not a lot of buying and selling of facade easements. So what you do is value the property as it is and then value it as encumbered by the easement. If...
by Christine | May 8, 2014 | Asset Protection, Estate Law, Inheritance, Real Estate |
What follows are issues to consider, and, in those rare cases where a transfer can make sense, how to do it the right way. Are you thinking about handing over the family home to your loved ones early? Proceed with caution. Although the hand-off can be a blessing to...
by Christine | May 7, 2014 | Elder Care, Elder Law |
Adult day care centers provide care and companionship in a group setting to seniors who need supervision during the day, allowing their caregivers to go to work or take a much-needed break. The balancing act of caring for an elderly loved one can be difficult,...
by Christine | May 6, 2014 | Estate Planning, Inheritance, Real Estate |
Perhaps the more important detail of this story is that the home was sold in an estate sale by heirs who appear to have let the property go for considerably less than market value. Inherited property brings with it certain important responsibilities, and that goes...
by Christine | May 5, 2014 | Estate Law, Individual Retirement Accounts (IRA), Inherited IRAs, Trustee, Trusts |
Worried about your adult children blowing through their inheritance? Two strategies can help holders of individual retirement accounts curb an heir’s impulse to “cash out.” You may have many assets to leave behind for your heirs. However, an IRA is unique enough to be...
by Christine | May 5, 2014 | Estate Law, Estate Planning |
One of the key advantages of a portability-based estate plan over a credit shelter trust-based estate plan is that portability allows the married couple to obtain a second step up in basis upon the death of the second spouse. With the new ability to minimize estate...
by Christine | May 2, 2014 | Charitable Giving, Family Foundation |
… Large-scale strategic philanthropists are forcing family foundations of all sizes "to re-examine whether they're approaching their giving in a way that's likely to have the biggest impact." And, sometimes, as Pierce has found, a bigger impact...
by Christine | May 1, 2014 | Estate Planning |
“I had this fear that wealth could dissolve the family and the business would disintegrate,” Mr. Wiener, 68, said. So he hired coaches and consultants, had family meetings and set up a family foundation — all with the goal of keeping his family together after he died....
