Millions of people are affected by dementia, and unfortunately many of them do not have all their estate planning affairs in order before the symptoms start. If you or a loved one has dementia, it may not be too late to sign a will or other documents, but certain criteria must be met to ensure…

As a Chartered Advisor in Philanthropy and a supporter of public charities, I understand that many of us have our favorite public charity and we want to find ways to support them. If you are considering making a donation to a public charity, you are not limited to donating cash. Depending upon your financial situation, giving…

You may have a vision for your retirement, but does your spouse share that vision? Spouses often disagree about many key retirement details. It is important to work together to come up with a plan you both can accept. Many husbands and wives are not in accord about retirement. For example, a study by Fidelity Investments found…

There are many unknowns when planning an estate, but you can’t let the uncertainties get in the way of creating any kind of plan. Having an imperfect plan is usually better than having no plan at all. When planning an estate you want to be able to consider all the angles, but there are inevitably…

Parents of a child with special needs know that they must plan for the child’s care and support way into the future. This is especially so if the individual is unlikely ever to be able to earn an income. But what happens in cases of divorce? How does the issue of child support come into…

A New Jersey man has been charged with stealing $330,000 from the special needs trust (SNT) of a man living in a long-term care facility.  The case highlights the importance of having a professional trustee manage an SNT. According to a criminal complaint filed by the FBI, in December 2017 Burlington County resident Eugene Young persuaded the…

The COVID-19 pandemic poses enormous challenges to group homes for developmentally disabled people. These are neighborhood homes are much smaller than large long-term care facilities, but they still present risks to their special-needs populations and the staff members who support them. And people are dying. Across the United States, COVID-19 had claimed the lives of…

Unclaimed Property – What? Where? How it impacts on estate planning and probate estate administration? Did you know that there are billions of dollars in unclaimed property being held by the state and federal government? Regardless of how careful we are with our finances, it is possible for utility deposits, credit balances, unused gift certificates,…

The SECURE Act: Time to review and possibly amend estate plans While it’s been a few months since President Trump signed the SECURE Act, we wanted to share information with you. The SECURE Act, which was effective January 1, 2020, has several positive changes: It increases the required beginning date (RBD) for required minimum distributions (RMDs)…

TRESI WEEKS EARNS CHARTERED ADVISOR IN PHILANTHROPY DESIGNATION TRESI WEEKS, Attorney with the Weeks Law Firm, PLLC, has earned the CChartered Advisor in Philanthropy® (CAP®) professional designation from the Richard D. Irwin Graduate School of The American College of Financial Services. The CAP® program provides the knowledge and tools needed by professionals in the nonprofit and financial…

 

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