Have you looked at your Social Security account lately? Set up a “My Social Security” account on-line with the Social Security Administrationto see benefits you would receive if you start to draw benefits at age 62, 67 or 70. But, there’s more if you already receive benefits. You can use My Social Security to obtain benefit verification letters, to change your address or to change your direct deposit information.
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
If you are thinking about getting married again later in life, you have a lot of issues to consider. Think about this one: if your new spouse becomes ill and spends time in a nursing home, you will be responsible for the bill – even if you have a prenuptial agreement (at least in Ohio)! If possible, consider seeing your elder law attorney before you tie the knot.
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
According to Kiplinger, saving tax-deferred can boot your nest egg. A traditional IRA is one way to build your savings, but there are a lot of rules. For instance, there is an annual cap on what you can contribute ($5,500 in 2013), but if you are 50 or older, you can contribute an additional $1,000. If you try to contribute more, the IRS may charge a 6% excessive-contribution penalty!
10 Things You Must Know About Traditional IRAs
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
Remember the four Ps when considering after-death estate planning.
People – who do you want to benefit from from you estate?
Property – what are your assets?
Plans – Who gets what, or what percentage?
Planners – Review your ideas with a team of experts led by an elder law attorney.
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
Kiplinger has some good advice for grandparents. There is no minimum age for contributing to an IRA. If your grandchild earns $2,000 from a summer job, that money can be put into an IRA – or you can. The only catch is that your grandchild must have earned more than they contribute. The good news is that the actual money put into the account can come from you.
10 Things You Must Know About Traditional IRAs
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
Identity theft is a problem, even for your deceased loved ones. Joseph Karp, a Florida elder law attorney, recommends that you notify Equifax, Experian and TransUnion Credit Bureaus immediately after death. Include a death certificate and send it certified mail. Request that their file be flagged, that credit is not to be issued and that you are notified of any requests for credit. Check out The Identify Theft Resource Center for more information.
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
Kiplinger says that you can contribute to a traditional IRA for your non-working spouse. As long as you earn enough income in the year to cover both contributions, you can max out both contributions. In 2013, that amounts to a total of $11,000 for both – or $13,000 if you are over 65.
10 Things You Must Know About Traditional IRAs
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
On March 27th, 2013, Pennsylvania’s Supreme Court decided not to hear the appeal of a son who was held liable for the $93,000 cost of his mother’s care. These “filial support laws” have been used by nursing home and other care providers in Pennsylvania to successfully sue children for the unpaid costs of services provided to their parents. Will this spread to the rest of the states? Stay tuned.
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
If you have a special needs child or adult and you are aging, there are ways to make their life better without keeping them from the benefits they need such as Social Security or Medicaid. Call our office to discuss how a Special Needs Trust can make sure your child will have the care, comfort and well-being they need when you are no longer able to help them.
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
A recent article in the New York Times NYT Article describes the stages of retirement planning:
Denial – “That number can't possible be what I need to retire – how much times my annual income?”
Anger – “Financial planners are just taking advantage of me” (or ranting makes me feel better).
Bargaining – “Maybe I won't need as much if I just keep working parttime …”
Depression – “How could this have happened? I wonder how cat food tastes.”
Acceptance – “Well, I guess I better get the plan done now.”
If you are at any stage along the way, know that you have a willing and knowledgeable elder law attorney to help at Cooper, Adel & Associates.
DISCLAIMER – Every case is different because every case is different. This blog does not give legal advice. This blog does not create an attorney client relationship. You are not permitted to rely on anything in this blog for any reason. This blog is an entirely personal endeavor. Every person’s situation is different and requires an attorney to review the situation personally with you.
No attorney-client relationship is created by this site.
The use of the Internet, this blog or email for communication with this firm or any individual member of this firm does not establish an attorney-client relationship. Before we represent any client, the client and the attorney will sign a written retainer agreement.
If you do not have a written, signed retainer agreement with us, we are not representing you and will not be taking any action on your behalf.
