Why You Need an Elder Law Attorney in Addition to an Estate Planning Attorney

Why You Need an Elder Law Attorney in Addition to an Estate Planning Attorney

Do you have a great estate planning attorney? If so, you may think you are all set. Having an elder law attorney as part of your team, however, can be critical as you head into your golden years. Estate planning attorneys may be proficient at tax and inheritance matters, but they typically do not specialize in the other types of planning needed as you age. For issues like long-term care or nursing home planning, you may need to turn to an elder...
Three Tips For Choosing An Estate Planning Attorney

Three Tips For Choosing An Estate Planning Attorney

Have you decided to hire an attorney to help with your estate planning needs? If so, it can be a little overwhelming trying to decide what to do next. Here are three tips for choosing an estate planning attorney. The first of the three tips for choosing an estate planning attorney may be to identify your specific needs and goals. You may only need a simple will, power of attorney, and advanced healthcare directive. On the other hand, you may...
Using 529 Savings Plan as an Estate Planning Tool

Using 529 Savings Plan as an Estate Planning Tool

Most people think of a 529 Savings Plan as a college savings program, but did you know that it can be used for much more?  The funds can be used for college tuition, room and board, qualifying education expenses such as books and computers, and even certain elementary school, high school, and graduate school expenses.  A lesser known fact about 529 Plans is that they are also excellent estate planning tools. The beneficiaries of 529...
Medicare Open Enrollment: Three Things Seniors Need to Know

Medicare Open Enrollment: Three Things Seniors Need to Know

Did you know that Medicare open enrollment is upon us? With Medicare open enrollment time, there may be important things seniors need to keep in mind. Here are three things seniors should know: You must have enrolled in Medicare when you were first eligible to participate in open enrollment. This means that you (1) were automatically enrolled in Medicare because you were already receiving Social Security or Railroad Retirement benefits and you...
How You Can Use Your 529 Savings Plan as an Estate Planning Tool

How You Can Use Your 529 Savings Plan as an Estate Planning Tool

Many parents use 529 savings plans as a way to let their child’s college funds grow tax-free. Did you know, however, that 529 plans are not just for parents and children? They are also not limited to use for tuition. Parents, grandparents, and other adults with children, grandchildren, nieces or nephews can use a 529 savings plan not only to fund college tuition, but to ensure that a myriad of other expenses are covered for their loved ones,...