by Susan Grissom | Nov 1, 2016 | Elder Care, Estate Planning, Probate
Every adult has the right to make their own decisions about their life. There are times when an adult can no longer fulfill that responsibility, because of mental or physical problems that incapacitate them. When that happens, the legal remedy is guardianship or...
by Susan Grissom | Oct 25, 2016 | Uncategorized
The addition of a child to your family can be exciting, meaningful and stressful. As new parents or parents to a new child, there are a number of things to consider, especially financial and legal implications of parenting. The list can be overwhelming but taking the...
by Susan Grissom | Oct 18, 2016 | Estate Planning, Wills & Trust
Does your college student have a Health Care Directive? Have you recently sent a student off to college or are you preparing to do so? If so, consider having your student execute a Heath Care Directive. Health Care Directives serve many purposes. First, they designate...
by Susan Grissom | Oct 11, 2016 | Estate Planning, Wills & Trust
Planning is important in every phase of our lives, but it becomes especially important when it comes to our health care late in life. For most of us, there are important decisions that will need to be made at a time when our health may be failing, and we may not be in...
by Susan Grissom | Oct 3, 2016 | Estate Planning, Probate, Wills & Trust
A question I receive frequently when meeting with clients for estate planning is “what is the difference between an heir and a beneficiary?” An Heir is a family member who is entitled to receive property under the laws of intestacy. When a decedent...
by Susan Grissom | Sep 15, 2016 | Elder Care, Estate Planning, Wills & Trust
There is no hard and fast answer to your question of how long an Agent needs to keep financial documents. For tax purposes, people often recommend keeping seven years of records. For Medicaid purposes five years is enough, as you are doing. In terms of your siblings,...
by Susan Grissom | Sep 1, 2016 | Elder Care, Estate Planning, Wills & Trust
Passing down a Roth IRA can seem like a good idea, but it doesn’t always make the most sense. Before converting a traditional IRA into a Roth IRA to benefit your heirs, you should consider the tax consequences. Earnings in a traditional IRA generally are not...
by Susan Grissom | Aug 15, 2016 | Elder Care, Estate Planning, Wills & Trust
Does your estate plan include provisions for incapacity or does it only take effect after your death? Does your Estate Plan include a Last Will and Testament and perhaps a Revocable Living Trust to distribute our assets following death. Your Estate Plan should include...
by Susan Grissom | Aug 1, 2016 | Elder Care, Estate Planning, Probate, Wills & Trust
A Last Will and Testament is a document that allows you an opportunity to communicate your wishes and to dispose of your assets after death according to those wishes. There are many reasons to use a Last Will and Testament. The following are some of the reasons but is...
by Susan Grissom | Jul 15, 2016 | Elder Care, Estate Planning, Probate, Wills & Trust
A Revocable Living Trust is an effective estate planning tool for avoiding the costs and time of probate, preserving privacy, providing for management of assets during times of incapacity disability thereby avoiding the appointment of a conservator or guardian for...
