Dear Angel,I just read that April is Financial Literacy Month. What are some things I should think about when it comes to Estate Planning and retirement planning this month? Thanks for your help!Fi Nanshill--Dear … [Read more...]
Print This PageNew Law Helps Protect Seniors from Financial Exploitation
March 29, 2024 by
Q. Last summer, you wrote about a veteran named Larry Cook who was a victim of financial exploitation. He was scammed out of millions of dollars in Virginia before he died. Mr. Cook was very careful with his money and would never … [Read more...]
Print This PageProblems with Beneficiary Designations Part 3 — Usually They Take Precedence Over Your Estate Planning Documents, But Sometimes They Don’t
March 15, 2024 by
Note: This article is Part 3 in a series on the Problems with Beneficiary Designations. Links for the prior two articles are below and at the bottom of this article.Please click here to read Part 1 and please click here to … [Read more...]
Print This PageCaring for the Pet of a Loved One When They Can No Longer Do So Themselves
February 20, 2024 by
When Melissa's father died and her mother moved into a nursing home, Melissa adopted her parent’s poodle, Margot. During the three-hour drive to her house from where her mother was staying, Margot was shaking and afraid. Melissa … [Read more...]
Print This PageAre Transfer on Death Deeds a Good Alternative to Estate Planning?
February 9, 2024 by
Q. I was recently discussing with my husband what would happen to our house in Annandale, Virginia when we are no longer around, especially since we don’t have our estate planning in place yet. One my friends’ parents recently … [Read more...]
Print This PageWhy Should Millennials and Gen Zers Care About Estate Planning?
February 9, 2024 by
Dear Raider,I’m in my 20’s and have never thought about estate planning. My older sister recently told me at a family gathering that she has her estate planning documents in place. I don’t understand why she would want to do … [Read more...]
Print This PageHow Are Taxes Filed if One Spouse is on Medicaid and the Other Spouse Has an Irrevocable Trust? And Does Getting Social Security Change How Taxes Get Filed?
February 2, 2024 by
Q. Thank you again for working with our family last year to protect our parents' assets, get our father approved for nursing home Medicaid, and set up an irrevocable Living Trust Plus for our mother. Now that it's tax time, we … [Read more...]
Print This PageJay Leno Files for Conservatorship Over His Wife’s Estate
January 30, 2024 by
TV icon Jay Leno and his wife, Mavis Leno, have been married for 43 years — and by all accounts they are still in love. Mavis, 77, suffers from dementia, and according to a recent court filing, she has been “progressively losing … [Read more...]
Print This PageCritter Corner: What Do I Need to Do to Comply with the Corporate Transparency Act?
January 12, 2024 by
Dear Kiwi and Mango,I have an LLC that owns a rental property. I understand that I need to submit beneficial ownership information (BOI) to the US Department of Treasury's Financial Crimes Enforcement Network (FinCEN), per … [Read more...]
Print This PageDoes My Spouse Have a Right to a Share of My Home?
December 1, 2023 by
Q1. I am giving serious thought to my estate planning and to who I want to leave most of my assets to when I am no longer around. I am seriously considering leaving the bulk to my two children and not my spouse. I live in … [Read more...]
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