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 …

The Coronavirus Relief Bill: Impact on Seniors and Estate Planning

Coronavirus Estate Planning Attorney

Signed into law on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is a $2 trillion economic relief package Congress passed to help Americans deal with the devastating financial impact of the coronavirus pandemic. This Coronavirus Read More …

SSI Recipients to Get $1,200 Emergency COVID-19 Automatically Deposited

Coronavirus IRS Check for Man on Social Security

Until recently, there were more questions than answers about the one-time $1,200 payments to millions of eligible individuals that were at the centerpiece of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March 27, Read More …

Must Read: Three Ways Coronavirus Relief Changes Retirement Account Tax Rules

coronavirus retirement plan changes

Those of you familiar with Joseph L. Motta, LPA know that we typically focus our blogs, posts and updates on estate planning, long term care planning and special needs planning. However, we will be expanding our topics to provide expertise Read More …

How to Protect Yourself or Loved Ones from Coronavirus in Long Term Care Facilities

Coronavirus Nursing Home

At the office of Joseph L. Motta, LPA in Avon Lake, we specialize in offering our expertise in long term care planning and estate planning so we know that as the coronavirus spreads across our country, long term care residents Read More …

How to Create an Estate Plan to Benefit a Child with Special Needs

Special Needs Planning Attorney

People not familiar with children with special needs often find it surprising when we explain our areas of expertise are estate planning, long term care planning, elder law and special needs planning.  They usually haven’t considered that children with disabilities Read More …

Estate Planning Is Even More Important for Unmarried Couples

Estate Planning Single Couples

What do millennial and aging couples have in common?  Trends are showing that more older couples are choosing to stay unmarried, despite being in long-term committed relationships. Most married couples understand the importance of estate planning to transfer assets and Read More …

When Do I Need a Living Will? Is it the Same as a DNR?

Do I need a Living Will?

We’re all fairly familiar with the acronym CPR, for Cardiopulmonary Resuscitation – a process that uses mouth-to-mouth or machine breathing and chest compressions to restore activity in the heart and lungs when someone’s heart has stopped or they are no Read More …

Inheriting a House – Blessing or Curse? Key Areas to Consider and Plan For.

Do You Want to Inherit a House

We usually think that inheriting a home, a lake house, a plot of land or any real estate is a wonderful blessing, and it can be. However, without the proper estate planning, inheriting real estate from your parents also has Read More …

Avoid Tax & Medicaid Consequences: 6 Tips to Consider When Gifting to Grandchildren

Big Grandparent Gifts - Avoid Taxes and Medicaid Issues

Grandparents often are particularly generous to grandchildren as they see their family’s legacy continuing on to a new generation. In many cases, grandparents feel they have ample resources and their children or grandchildren may be struggling financially. Assistance with summer Read More …