If you are worried that disappointed heirs could contest your will or trust after you die, one option is to include a “no-contest clause” in your estate planning documents. A no-contest clause provides that if an heir challenges the will or trust and loses, then he or she will get nothing. A no-contest clause may…

Inheriting a vacation home with your siblings can be a great thing or it can cause huge problems within the family. Planning ahead can help prevent sibling disagreements. When siblings co-own property and one sibling wants to sell, that sibling can demand to be bought out. If the other siblings can’t come up with the…

Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets.  Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way to preserve assets for the future. A trust is a legal entity under which one…

Vermont senator Bernie Sanders (D) has introduced legislation that would require more estates to pay estate tax and that raises the amounts they would pay. Another proposed law would eliminate the step-up in basis that inherited assets currently enjoy. Taken together, the changes would “rock” the estate planning world, according to a leading attorney. Under Sanders’ For…

All trusts should be reviewed every few years to make sure that they are up-to-date with the law and meet your current goals. Following is a checklist of trust features you can review yourself and consult estate planning lawyers if necessary.  But be aware that these only refer to revocable “living” trusts, not to irrevocable…

President Biden has signed the $1.9 trillion American Rescue Plan into law.  Estate planning lawyers are advising opening an ABLE account as among its benefits are $1,400 checks that are already landing in the bank accounts or mailboxes of most Americans to help them weather the economic downturn caused by the pandemic.  Recipients with disabilities…

As life circumstances change (births, marriages, divorces, and deaths), it may become necessary to make changes to your will and consult an estate planning lawyer.  Changing your will may become necessary if an estate plan is not kept up to date. otherwise,  it can become useless. The best way to make changes is either through…

When the Social Security Administration (SSA) approves applicants for Social Security Disability Insurance (SSDI) benefits, it imposes a five-month waiting period between the onset of the applicant’s disability and when they can begin receiving benefits. Now, thanks to legislation enacted at the end of the Trump Administration, people with amyotrophic lateral sclerosis (ALS) will be exempted from that…

If you want to make a gift to family members but have exceeded the annual gifting limit, there is another way. Payments for a family member’s education or health care expenses are exempt from the gift tax. The annual gift tax exclusion for 2020 and 2021 is $15,000. This means that any person who gave…

People with developmental disabilities are more than three times more likely than their peers to die from COVID-19. Despite this, most states have prioritized health care workers and people in nursing homes in their initial Covid vaccine rollouts, bypassing numerous high-risk people with disabilities living outside of nursing home settings. As of March 11, 2021, the Centers…

Page 1 of 281 2 3 28

 

Communication resulting from use of this web site does not create an attorney-client relationship. You will need to meet with an attorney and sign a separate written retainer agreement.

logo-footer