What Happens to Our ABLE Account If Our Child Is No Longer Disabled?

ABLE Account no Longer Disabled

It is possible that an individual, once diagnosed as a person with special needs, sometime in the future will no longer qualify as “disabled” according to IRS regulations. The individual’s condition might have improved through remission or medical treatment, for 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 …

Bringing Up Estate Planning During Your Holiday Visit

Talking ABout Estate Planning to Parents

Do you worry your parents don’t have their estate planning in order? Are you unsure how to tactfully approach the subject of wills, trusts, beneficiaries, retirement accounts, living wills, power of attorney, medical power of attorney and long term care Read More …

Estate Planning: Considerations When You Have a Stepfamily

Estate Planning Step-families

Ideally, when a second marriage joins two families together, it should be a joyous occasion that creates one bigger blended family unit. Unfortunately, when the estate plan lacks clarity, it too often also creates inheritance fights between stepparents and children. Read More …

Updating Your Beneficiaries. Estate Planning Tips from Joseph Motta.

Changing Beneficiary Designation

Many people periodically update their wills or other estate plans, but don’t update who will receive distributions from their retirement plans (such as IRAs and 401(k)s) upon their deaths. Every year you should review your entire estate plan, and the Read More …

Without an Estate Plan or Will, Aretha Franklin’s Estate Held Up in Probate Court

Leave a Legacy Not a Predicament

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 Read More …

Understanding the Different Types of Power of Attorney in Ohio: 4 Main Types of POA

Power of Attorney Document

A power of attorney is a very important estate planning tool.  Power of attorney (POA) is a legal document in which you give someone else the authority to act on your behalf and most states will accept powers of attorney Read More …