Blog

Jan. 30, 2024

A diagnosis of dementia, a category of diseases affecting memory and thinking that includes Alzheimer’s disease, can feel overwhelming and upsetting. You might worry that you will lose control over your life and ability to make your own decisions. Fortunately, receiving a diagnosis of dementia or Alzheimer’s does not mean that you cannot execute legal documents or make decisions about plans for your future finances and health care.

Jan. 22, 2024

Inheriting wealth or assets from a loved one can be both a blessing and a burden. While it may provide financial stability, many individuals wonder if they will have to pay taxes on their inheritance. The answer to this question is not a simple yes or no, as it depends on various factors. Let's explore the topic in more detail.

Jan. 8, 2024

In an effort to keep up with inflation, the Internal Revenue Service (IRS) has announced adjustments to the annual gift tax and estate tax exclusions for the year 2024. These changes are a reflection of the evolving economic landscape and aim to ensure that taxpayers are aware of their obligations and entitlements.

Jan. 1, 2024

As the clock strikes twelve, a brand new year Hope fills the air, banishing all fear. The past is behind us, a chapter now closed A fresh canvas awaits, where dreams are composed.

Dec. 25, 2023

In the frosty air, a joyous tune Christmas spirit begins to bloom. Lights twinkle, casting a magical glow As snowflakes dance, gently falling below.

Dec. 18, 2023

During the holiday season, families worldwide engage in the tradition of giving gifts to express their love and appreciation for one another. As parents, we strive to find the perfect presents for our children, and kids eagerly await the moment they can unwrap the surprises waiting for them under the Christmas tree. But as we all know, some of the most valuable gifts in life cannot be purchased from a store.

Dec. 11, 2023

It’s an excellent idea to consult your attorney about legal documents if a sudden financial or medical decision presents itself. You need to have the legal power to make important decisions for your aging parents and minor children.

Dec. 4, 2023

Anyone experiencing the struggle of simultaneously caring for children and aging parents is part of the sandwich generation. Although "generation" is part of the phrase, it doesn’t refer to people born at a specific time. Typically, these family caregivers will be in the 30- to 40-year-old age range, providing for their families and balancing care duties between the needs of children and parents.

Nov. 27, 2023

In 2023, recipients of Social Security benefits saw the biggest increase in decades in their monthly checks. Although their payouts will indeed rise again in 2024, the cost-of-living adjustment (COLA) will be more modest – just 3.2 percent, versus the nearly 9 percent boost in 2023.

Nov. 20, 2023

Estate planning is often associated with distributing assets after one's passing. However, it is equally important to consider the possibility of incapacity during our lifetime. Incapacity can strike unexpectedly due to illness, injury, or advanced age, making it crucial to have a comprehensive estate plan in place. In this article, we will explore the importance of planning for incapacity as part of your overall estate planning strategy.