April 2017

    


Message From Peter

Now that tax season is over (phew... take a breath), it is also a reminder that now is a good time to review your estate planning documents and make sure that your estate plans are up to date.  We have just gone through income, assets, and tax implications, so all of this is fresh in your mind.  We encourage you to take a few moments to review your current estate plan with us, to determine whether or not any changes, or updates are in order.  We look forward to seeing you soon.  


Life Estates In Wisconsin, After 2014

Prior to changes in the law in 2014, the Life Estate Deeds worked fairly effectively to protect assets from nursing home cost, but effective August 1, 2014, the laws regarding Medicaid and Life Estates have changed and this may no longer be the case.

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Four Provisions People Forget to Include in Their Estate Plan

Even if you've created an estate plan, are you sure you included everything you need to? There are certain provisions that people often forget to put in in a will or estate plan that can have a big impact later on.

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Dispute Between Brothers Demonstrates Need to Plan for Long-Term Care

A recent New Jersey appeals court case demonstrates how important it is for families to come up with a long-term care plan before an emergency strikes. The case involves two brothers who got into a fight over whether to place their mother in a...

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Aging Drivers and the Law

For better or for worse, our current culture is very car-dependant; in many places, cars are the only convenient link to the outside world. Unfortunately, as people age, driving can become more

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Short-Term Care Insurance: An Alternative to the Long-Term Care Variety

A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care insurance. 

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Adding to Uncertainty for Scam Targets, the IRS Now Allows Private Debt Collectors to Dun Taxpayers

In a move that could be confusing to seniors who are vulnerable to scams, the IRS will begin using private debt collection agencies to collect past-due taxes.

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Does a Spelling Error Make a Power of Attorney Invalid?

My wife is attorney-in-fact under a durable power of attorney for her dad, but her name is spelled Ann and it should be spelled Anne. Does this make it invalid?

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Once a Nursing Home Resident Qualifies for Medicaid, Are There Any Rules on the Remaining $2,000 in Assets?

Once a patient in a nursing home reduces assets to qualify for Medicaid, what are the regulations on the remaining cash ($2,000 in my state) in the bank account?

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New Book Offers Guidance Through the Medicare Maze

The Medicare program has become quite complex over the years.  Running afoul of its sometimes arcane rules can be expensive, and expert guidance is almost essential.  

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