Plan for a Small Increase in 2021 Medicare Premiums

2021 Medicare Premiums

Medicare premiums are set to rise a modest amount next year, but still cut into any Social Security gains. The basic monthly premium will increase $3.90, from $144.60 a month to $148.50. The Centers for Medicare and Medicaid Services (CMS) Read More …

What Can Go Wrong with Do-it-Yourself Estate Planning?

DIY Estate Planning Documents

Many websites offer customized, do-it-yourself wills and other estate planning documents.  Although such products are convenient, using them could create serious and expensive legal problems for heirs. These digital services appear to offer a cost-effective and easy alternative to visiting an Read More …

Planning Your Estate? Don’t Let the Perfect Be the Enemy of the Good.

When to start estate planning

There are many unknowns when planning an estate, but you can’t let the uncertainties get in the way of creating any kind of plan. Having an imperfect plan is usually better than having no plan at all. When many of Read More …

Avoid Family Strife With These Tips for Dividing Up Personal Possessions

Distributing Personal Belonging Fairly

As an estate planning attorney who also helps through the probate and estate administration process, we have seen, first hand, the difficulties in dividing belongings. Allocating your personal possessions can be one of the most difficult tasks when creating an Read More …

Eight Useful Tips for Bringing Up Estate Planning

How to Talk About Estate Planning With Your elderly parents

Unless you’re certain your parents have an up-to-date will, as well as a big-picture plan for what should happen in the event of their passing, you shouldn’t assume everything will be taken care of.  During this season of upcoming holidays, Read More …

James Brown Estate Complications May Be Settled After Over 14 Years

Estate Planning Attorney Cleveland

Litigation over James Brown’s estate has been dragging on for 14 years and can hold key lessons in the importance of having an estate planning attorney prepare clear and concise estate planning documents that hold up in court – especially Read More …

What is the CSRA? Preserve Additional Assets with Medicaid Planning.

Medicaid Planning Attorney in Cleveland

Medicaid is a joint program of the federal and state governments that can cover the nursing home costs of individuals who meet its strict financial requirements.      Single Person Medicaid Qualifications: A single person may qualify for Medicaid only Read More …

Benefits of a Pre-Paid Funeral Plan and Tips for Vetting Out the Funeral Home

PrePaid Funeral Expense Medicaid Qualifications

Prepaying for your funeral is one way to ease the burden on your family following your death and make sure your wishes are carried out. But pre-paid funeral plans come with risks, so you need to exercise care when purchasing Read More …

Does My Living Will, or Advance Directive, Work in Another State?

Check Your Advance Directives with Estate Planning Attorney If You Go out of State

Making sure your end-of-life wishes are followed no matter where you are is important. When you move to a different state, work in a different state for long periods of time, vacation in a different state for months at a Read More …

Medigap: Plugging Most Holes in Medicare Coverage

Holes in Medicare Coverage - Estate Planning Attorney CLeveland

With all the deductibles, copayments and coverage exclusions, Medicare pays for only about half of the medical costs of America’s senior citizens. Much of the balance not covered by Medicare can be covered by purchasing a “Medigap” insurance policy. Medigap Read More …

CARES Act RMD Waiver, 60-Day Rollover Extension and July 15th Deadline

Rolling Over Your RMD Because of Corona virus

Retirement account owners, many of whose retirement balances have been pummeled by a stock market drop due to the coronavirus pandemic, do not have to take mandatory withdrawals this year. Typically there are rules mandating Required Minimum Distributions, or RMDs, Read More …

Feds Release 2020 Guidelines Used to Protect the Spouses of Medicaid Applicants

Medicaid Planning Attorney in Avon Lake

The Centers for Medicare & Medicaid Services (CMS) released the 2020 federal guidelines for how much money the spouses of institutionalized Medicaid recipients may keep, as well as related Medicaid figures. How Much Can the Spouse Keep Without Jeopardizing Medicaid Read More …

What to Do and Not Do with Your Estate Planning Documents

What to Do With Estate Planning Documents

Creating and executing estate planning documents is just the first step. Once you have completed the documents, you need to know what to do with them. All estate plans should include, at minimum, two important planning instruments: a durable power Read More …

How to Assist Aging Parents During the Pandemic

Helping Aging Parents During COVID19

If your parents are getting on in years, you may be helping them with their finances and other matters, such as medical visits and shopping. You may live close by and be able to visit weekly or more often. Or Read More …