News & Insights: Trusts & Estates Blog

 

Our News & Insights

RSS Feed

Trusts & Estates Blog RSS Feed

Search News & Insights

Keep Up To Date

For invitations to our events and updates on key legal issues and business concerns:

Please Click Here

Federal Income Tax Filing Deadline Extended to July 15

Posted on March 20, 2020 by

Treasury Secretary Steve Mnuchin announced via Twitter that the tax filing deadline for federal income tax returns has been extended by 90 days to July 15, 2020. Earlier this week, the federal government extended the time for individuals and businesses to pay their federal income tax by 90 days, but did not extend the filing […]

Isn’t an Online Financial Power of Attorney Form Good Enough?

Posted on February 27, 2020 by

When people ask me what they can do to make things easier for their loved ones if something happens to them, the first question I ask is if they have power of attorney documents in place. A good financial power of attorney (“POA”) is one of the most important estate planning documents you can have. […]

Getting Started: Estate Planning for Young Families

Posted on January 15, 2020 by

For many people, the first time they start thinking about an estate plan is when they start to have family members that depend on them financially – typically, a spouse or a child. Let’s take, for example, a young married couple with young children. The couple may think they need a will, but they might […]

Call to Action: Review Your Estate Plan in Light of the SECURE Act

Posted on January 7, 2020 by

The federal appropriations bill enacted into law on December 20, 2019 changed federal law in ways that may affect your retirement assets, including 401(k) plans and IRAs.  Those changes, often referred to as the “SECURE Act,” may affect you during your lifetime and also the way those retirement assets may be distributed to your beneficiaries […]

Upcoming Travel Plans? How to Temporarily Delegate Parental Authority

Posted on December 19, 2019 by

Picture this: you are lying on the beach in sunny Aruba, thinking about your best friend, Kristin, who valiantly volunteered to watch your three children while you and your spouse got away from the Wisconsin winter for the first time in ages – when all of a sudden you see a hotel staff member racing […]

My spouse is on Medicaid, now what?

Posted on November 14, 2019 by

It is common for a client whose spouse is receiving Medicaid to lack adequate estate planning to protect those Medicaid benefits in the event the client dies before their spouse. Yet, after all of the time and energy spent to qualify for Medicaid, it would be awful to see those benefits lost simply because proper […]

Create Your Digital Estate Plan

Posted on October 9, 2019 by

It seems like our world becomes more digital each day.  We can manage almost every aspect of our lives online.  But, unless you have updated your estate plan in the last few years, chances are good that your estate planning documents do not address what will happen to your electronic documents, e-mails, text messages, blogs, […]

My Parents Want to Leave My Son With Special Needs an Inheritance…Will He Lose His Benefits?

Posted on August 28, 2019 by

Leaving an inheritance to a loved one with special needs who is or will be receiving government benefits (SSI, medical assistance, long term care services) is tricky and can have unintended negative consequences if not done carefully. Well-meaning gifts may result in the loved one (who I will refer to as the “Special Needs Beneficiary”) […]

Long-Term Care Insurance – Is it an Option for You?

Posted on July 17, 2019 by

As our aging population grows so does the cost of nursing homes, assisted living facilities, and in-home care services.  Contrary to popular belief, Medicare will only cover certain short-term stays and typically will not cover non-rehabilitative long-term care.  This leaves many elderly and disabled individuals with few options for covering costs.  Often, at first, family […]

Is My IRA Safe From the Nursing Home?

Posted on June 11, 2019 by

After working and saving, clients are concerned that unexpected costs will become unplanned for drains on their Retirement Accounts (e.g, 401(k), IRA, Roth IRA, 403(b), etc.). As the need to pay for nursing home care nears, those concerns grow and questions begin to be asked about whether retirement accounts are safe from the nursing home. […]