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Legacy Planning: The Ultimate Gift

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How Do Special Needs Trusts Work?

A special needs trust (SNT) can help you provide financial security to your child after you die without leaving them ineligible for the government benefits that they need to sustain care.
11/22/22 • by: Law Office of Michelle Adams
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What are Caregivers Using to Track Dementia Patients?

A popular device used to locate lost items like keys, a wallet, or a bag, is being used by some Americans to track their loved ones with dementia, a report says.
11/17/22 • by: Law Office of Michelle Adams
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Major Blunders in Estate Planning

It goes without saying that everyone should have an estate plan.
11/17/22 • by: Law Office of Michelle Adams
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What Happens When Inheritances are Unequal?

Robert, the older brother, and Lon, the younger one, were close as they were growing up in the Queens borough of New York City. However, when their mother passed away and left the bulk of her estate to Robert, Lon was devastated.
11/17/22 • by: Law Office of Michelle Adams
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Should I Keep Beneficiary Designations Up to Date?

Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k) or annuity?
11/17/22 • by: Law Office of Michelle Adams
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Estate Planning for Different Ages and Stages of Life

An estate plan works like the operating system on your phone or computer. It runs in the background. However, it needs occasional updates to keep the plan current.
11/17/22 • by: Law Office of Michelle Adams
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Can Loved One’s Funeral Expenses Be Deducted?

The ability to deduct funeral expenses on your tax returns depends on who paid for the funeral expenses.
11/17/22 • by: Law Office of Michelle Adams
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What Does New Research Tell Us About Muhammad Ali’s Parkinson's Disease?

Muhammad Ali had idiopathic Parkinson's disease that emerged at an early age, according to new evidence from physicians who repeatedly evaluated the fighter over 20 years.
11/17/22 • by: Law Office of Michelle Adams
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There are Ways to Transfer Home to Your Children

Transferring a home to adult children is not quite as easy as giving them the keys and letting them move in. No matter how you do it, the taxman wants his cut, whether through estate and gift taxes or those for property and income, both federal and state.
11/17/22 • by: Law Office of Michelle Adams
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Is Spouse Automatically Your Beneficiary?

If the surviving spouse is a second or subsequent spouse and did not have any children with the decedent, the surviving spouse takes even less.
11/17/22 • by: Law Office of Michelle Adams
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