When Blended Families Feud

If you are under any delusions that estate planning for blended families is easy, a story from St. Louis will give you second thoughts. When Mary Lee and Robert Hermann Sr. were married in 1980, they were both already millionaires and they both had children from previous marriages. The two signed a prenuptial agreement to [...]

2016-03-04T09:34:00-07:00March 4th, 2016|Blended Families|Comments Off on When Blended Families Feud

IRS Changes Long-Term-Care Deductible Limit

In a surprising move the IRS increased the amount of long-term-care insurance premiums that you can deduct from your taxes in 2016. The long-term-care insurance industry has come under fire recently as some people have questioned the sustainability of the insurance and wondered whether people who sign up for the insurance lose coverage after missing [...]

2016-03-03T10:28:00-07:00March 3rd, 2016|Elder Law|Comments Off on IRS Changes Long-Term-Care Deductible Limit

When Your Medicare Plan Drops Your Medication

If you have a Medicare Part D prescription drug plan, every year you receive a booklet that lists all of the prescription drugs that your plan covers. What happens if the medication you take is no longer covered? Every year Medicare prescription plans change which drugs they will cover. Notice of any changes usually comes [...]

2016-03-02T10:24:00-07:00March 2nd, 2016|Medicare|Comments Off on When Your Medicare Plan Drops Your Medication

Be Careful With Payable-on-Death Accounts

Payable-on-death accounts offer a popular and easy way to avoid probate and transfer assets, but they are not without their problems. Payable-on-Death accounts, sometimes called Pay-on-Death or Transfer-on-Death, are increasingly popular with banks and brokerage firms. They offer an easy way to transfer assets after an account owner passes away. The money in the account [...]

2016-03-01T10:49:00-07:00March 1st, 2016|Executor|Comments Off on Be Careful With Payable-on-Death Accounts
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