Can Elder Financial Abuse Be Stopped?

December 15, 2021

The financial exploitation of elderly people comes at a great cost: It costs victims as much as $36.5 billion each year, according to the National Council on Aging. It can also be more difficult to detect than physical abuse and neglect because it’s often done by family members, trusted friends and caregivers.

Estate Planning

Estate Planning when So Much Is Uncertain

December 14, 2021

Taxpayers should, of course, carefully consider whether to engage in a lifetime gifting strategy, which has other considerations beyond just estate taxes (such as the tradeoff with the ‘step‑up’ in basis, and non-tax family related considerations).

Estate Planning

Can I Change My Estate Plan During Divorce?

December 10, 2021

At such an emotional time, more paperwork is probably the last thing you want on your to-do list. However, taking a few key steps is critical to your financial future.

Estate Planning

How to Protect Assets from Medicaid Spend Down?

December 9, 2021

Several types of special income trusts and other strategies can be helpful when trying to protect your family’s assets from the devastating costs of long-term care.

Estate Planning

What Estate Planning Does My Child Need at 19?

December 8, 2021

Picture this…your child is in the hospital, but the on-call doctor won’t talk to you let alone allow you to weigh in on medical decisions. While hospitalized, your child’s bills are going unpaid because you can’t access their accounts—potentially wreaking havoc on their financial credit. Why? Because they’re over the age of 18.

Estate Planning

Do I Need a Living Trust?

December 7, 2021

What Is a Living Trust?

Estate Planning

What Can We Learn from Painter Bob Ross’ Business Succession and Estate Planning?

November 23, 2021

The new, buzzy Netflix documentary on the late, beloved, iconic public broadcasting TV host, painter Bob Ross—“Bob Ross: Happy Accidents, Betrayal and Greed”—documents how the artist’s son, Steve, now 55, was allegedly robbed of his late father’s inheritance by the artist’s business partners.

Estate Planning

How Does Cryptocurrency Work in an Estate Plan?

November 12, 2021

Crypto assets can be lost forever without proper storage and estate planning. When it comes to cryptocurrency, safe and secure transfer is paramount, meaning basic estate planning documents, like a will, often won't be enough.

Estate Planning

Some of Most Famous (or Infamous) Estate Planning Mistakes

November 9, 2021

If you do not learn from your mistakes, you are doomed to repeat them. In Estate Planning, if you do not learn from other’s mistakes, you are likely to repeat them.

Estate Planning

Do I Need a 529 Education Savings Plan?

November 5, 2021

Most of us associate 529 accounts as college savings vehicles. They’re flexible, allowing you to transfer assets to anyone, including yourself, for the express purpose of furthering the education of your beneficiary. However, did you know that a 529 can also be a powerful estate planning tool?

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Palmer Law Firm, LLC

Estate Planning Blog

Can Elder Financial Abuse Be Stopped?

Estate Planning when So Much Is Uncertain

Can I Change My Estate Plan During Divorce?

How to Protect Assets from Medicaid Spend Down?

What Estate Planning Does My Child Need at 19?

Do I Need a Living Trust?

What Can We Learn from Painter Bob Ross’ Business Succession and Estate Planning?

How Does Cryptocurrency Work in an Estate Plan?

Some of Most Famous (or Infamous) Estate Planning Mistakes

Do I Need a 529 Education Savings Plan?

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