Why It Is Important to Have a Relationship With Your Lawyer

elder law attorney cary

If you’re new here, you may want to subscribe to my RSS feed. Alternatively, you may sign up for email updates in the box to the right. Thanks for visiting!This blog post is a little out of the ordinary. But today I wanted to touch on something that many people don’t think about when it comes to dealing with an estate planning or elder law attorney. And that’s the importance of having a relationship with your attorney. Many people think of estate planning as an isolated transaction. They go to a law firm (or worse, online), hire a lawyer to […]

Why You Should Donate More to Charity Before the End of 2017

charitable donations in 2017

Unless you are living in a bunker somewhere, you probably know that there is a tax bill making its way through Congress as I write this. Earlier this weekend, Congress released the final version of the bill that will be voted on this week. The current version will nearly double the standard deduction to approximately $12,000 for individuals (and $24,000 for couples). Sounds great, right? Not necessarily. The result? Many people will no longer need to itemize their deductions and a much higher segment of the US population will be taking the standard deduction. However, as an added kicker, the […]

How We Protect Everything You Spent a Lifetime to Build

Asset protection for the elderly

Many people who call our office want their problems solved immediately. This isn’t uncommon for lawyers. Typically people call us when the level of crisis in their life has reached a point where they need help, and they need help now. And that’s why I wrote this article – to help you understand our process and the timeline you can expect for us to be able to help you. The primary aim of most of our clients is to protect their life savings because someone in their family is either already in a nursing facility, or will be entering a […]

You are NOT Invincible…

you are not invincible

The past several weeks, the news has been dominated by two things… potential nuclear war with North Korea, and the tax bill making its way through Congress. If I had to bet, I suspect you’ve spent at least a little bit of time reading the news stories about these issues lately. And that is completely natural. As human’s, we want to know what is going on in the world around us. But that’s not all… We want to know how these events might affect us. We want to know what we should be doing right now to protect ourselves, protect […]

Last Minute Tax Tips to Reduce Your 2017 Tax Bill [Updated]

last minute tax tips

We are almost to the end of 2017, and this year we may have some much bigger changes coming our way in 2018 than in a typical tax year. For that reason, you may want to pay close attention to this post. The reason we have so many changes coming is that Trump’s Tax Reform is finally upon us. There are a lot of changes coming down the pipeline in 2018 and 2019, so you may want to take some proactive measures before the end of this year to maximize your savings. Let’s start with the current state of the […]

Privacy and Estate Planning

privacy and estate planning

I’m amazed at the number of clients I have that have not truly considered the privacy implications of their estate plans. From the dawn of time, humans have been concerned about privacy. Privacy keeps us safe from predators, enemies, and even in some cases, our closest friends. But at the same time, many people forget about how important privacy is when constructing their estate plan. Will-Based vs. Trust-Based Plans There are two primary options people have when putting together an estate plan – a trust-based plan or a will-based plan. There are numerous advantages to selecting a trust-based plan, including incapacity […]

What are the Different Types of Senior Care Communities?

senior care communities

As people age, they aren’t always able to stay in the home they’ve lived in for many years. It could be that their home is too big, requires too much maintenance, or has just become too expensive to live in. Or perhaps they decide to move closer to children or other family members who can provide them with much-needed help and assistance. When we are talking to our clients about the different types of senior communities, there are four main types of communities available to our senior population. When making a decision to help a loved one move into a […]

The Importance of Planning this Holiday Season

The Importance of Planning this Holiday Season

Thanksgiving is one of my absolute favorite holidays. Between spending time with my family and friends, eating some good food, enjoying a nice glass of wine and maybe even watching some football, it really doesn’t get any better for me. Here is a quick video I did today to talk more about why I love Thanksgiving, and why the planning that we do to prepare for this holiday makes it flow so smoothly. For those of you that would rather read, here is the full transcript! Why I Love Thanksgiving… Hey everyone. Jim Hart here, and today I want to […]

Medicaid Crisis Planning: A Case Study

Three p's of estate planning

Many people falsely believe that if they or their loved one has to enter a nursing home unexpectedly (after an acute event such as a stroke, an accident, a heart attack, etc.), that they have no choice but to spend down all of their assets (typically on nursing home care) before they can qualify for Medicaid. This couldn’t be further from the truth. When something like this happens, an elder law attorney can assist with what is called “Medicaid Crisis Planning“. The goal of Medicaid crisis planning is simple, to protect as many assets as possible while at the same […]