Why Everyone Over 60 Should Update Their Estate Plan
How frequently you should review your estate plan depends on how old you are and whether there has been a significant change in your circumstances. If you are over age 60 and you haven't updated your estate plan in many decades, it's almost certain that you need to update your documents. After that, you should […]
What Makes a Will Valid? Dramatic Wills: Scribbled Notes, Videos and Last Wishes.
You've surely seen a dramatic presentation of a will in either a movie, television show, or in a book. From handwritten notes and scribbled on a napkin to a self-made video or last utterances to a companion in the last seconds before death, the idea of facilitating someone's last wishes have always fueled imagination in […]
Without an Estate Plan or Will, Aretha Franklin’s Estate Held Up in Probate Court
According to court documents, legendary singer Aretha Franklin did not have a will when she died, opening up her estate to public scrutiny and potential problems. Failing to create an estate plan can cause lots of headaches for heirs, in addition to unnecessary costs. Franklin, who died August 16, 2018, at age 76, left behind […]
Downsizing 101: Free Seminar in Westlake, Ohio
Time to downsize? Don't know where to begin? Come and learn from the experts. Please join Joseph L. Motta Co., LPA and other experts in the fields of real estate, long term care and financial planning. Saturday, October 5th from 11am-1pm with a light lunch and question and answer session at the Westlake Recreation Center. […]
Discussion on Estate Planning and Senior Wellness, Oct. 29th
Please join Joseph L. Motta Co., LPA and our fellow panel members at Wesleyan Meadows in Sheffield Village, Ohio for a panel discussion on estate planning and senior wellness. This will be an informative panel discussion with Joseph Motta, elder law attorney as well as a pre-planning advisor; financial advisor; chiropractor; and home care, palliative […]
What Happens if a Family Member Becomes Incapacitated?
Just bringing up the possibility of someone in your family becoming mentally or physically incapacitated is often difficult. We tend to think of only the very elderly needing long-term, hands-on care, but a recent report by the Alzheimer’s Association found that one in nine Americans age 65 or older currently have Alzheimer’s. With the baby […]
Critical Retirement Decisions as Boomers Hit Age 70
Happy milestone birthday, Baby! 2016 is the year the first baby boomers will reach age 70. It is also the year for some critical decisions that will affect your retirement years. Here are some deadlines you won’t want to miss. Sign up for Social Security. If you have delayed taking Social Security so you can […]
Budget Act of 2015 Impacts Social Security Planning
The recent budget deal reached by Congress and President Obama will eliminate two popular strategies used by married couples to maximize Social Security benefits. Maximize Retirement Benefit While Still Collecting Spousal Benefits Currently a spouse who has reached full retirement age (66 for those born between 1943 and 1954) and who has earned sufficient work […]
Spring 2018 Legacy Newsletter
Download a copy of :The Legacy Advisor Spring 2018 IRAs and other tax-deferred retirement accounts allow your savings to grow tax free until you start withdrawing funds. Any distributions you take from a retirement account (with the exception of Roth accounts) are taxed as ordinary income. Once you attain the age of 70½, you are […]
Winter 2017 Legacy Newsletter
Download a copy of The Legacy Advisor Winter 2017 A Gift for you, a Gift for Your Family Featured Guest Article by Loretta Heindrichs – Personal Historian and Legacy Advisor, www.KeepsakeVM.com As maturity creeps up on us, we begin to see the value of passing along our memories to the next generation. When we were young our […]
Summer 2017 Legacy Newsletter
Download a copy of The Legacy Advisor Summer 2017 Planning Ahead, Featured Guest Article by Julie Graf Skinner – Funeral Planning Specialist, Funeral Director, Busch Funeral and Crematory Services We exert a great deal of energy in effort to protect our loved ones from the possible misfortunes of life. We protect our property with insurance in case […]