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...
