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What was your world like in 1964 – Could you imagine how it would look today?

By Kathy Cooper

Screen Shot 2014-01-14 at 2.25.48 PMIn college, I loved science fiction and one of my favorite authors was Arthur C. Clark – Childhood's End, 2001 a Space Odyssey, and many more. He is and was a visionary. In 1964, Sir Arthur C. Clarke predicted how we would communicate and work with one another in the year 2000:

We could be in instant contact with each other, wherever we may be, where we can contact our friends anywhere on earth, even if we don’t know their actual physical location. It will be possible in that age, perhaps only 50 years from now, for a man to conduct his business from Tahiti or Bali just as well as he could from London…. Almost any executive skill, any administrative skill, even any physical skill, could be made independent of distance. I am perfectly serious when I suggest that one day we may have brain surgeons in Edinburgh operating on patients in New Zealand”

We still had dial phones in 1964 (every young girl wanted a princess phone then)– and there were no cordless or cellular phones. The first cellular phone was introduced in 1973 but not commercially available until 1983. Today, as Clarke suggested, we are always in touch no matter where we are, no cords required.

Interestingly, doctors began virtual surgery in 2001 and it is pretty popular today, particularly considering the advances in robotic surgery. Clarke got that right.

Thomas Friedman wrote a ground-breaking book in 2005 that talked about the ability of businesses to operate globally in a “flat” world, very much as Clarke predicted.

Are you as visionary as Sir Clarke? Do you know how your future will look and are you prepared for it? It's worth thinking about as we begin a new year.

http://www.openculture.com/2011/09/arthur_c_clarke_looks_into_the_future_1964.html

Credit for picture: http://en.wikipedia.org/wiki/Motorola_DynaTAC

 

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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.

Elder Law Workshop provides help for seniors

By Portia Williams
 

PDT Staff Writer
 

AR-301089965WEST PORTSMOUTH — Senior Financial Survival in 2014 was the theme of a workshop offered to senior citizens Wednesday at Shawnee Lodge and Conference Center.
 

Cooper and Adel Financial Agency LLC offered information in a workshop designed to enlighten senior citizens to vital information about laws. Attorneys Tom Cooper and Mitchell Adel, are both certified Elder Law Specialists who facilitate the workshops.
 

Lori McBride, seminar coordinator for Cooper and Adel Financial Agency LLC, said the information being shared at the workshop is critical for many senior citizens.
 

“We are having a Elder Law workshop which is geared toward senior citizens in trying to help them, and give them planning strategies with regards to nursing homes, to protect their assets,” McBride said.
 

McBride said the information shared in the workshop is critical to the senior citizen population.
 

“It is critical because I think that a lot of people don’t think there is anything that they can do preserve their assets. I have seen people that have had farms in their family for generations, and if mom or dad gets sick and has to go into a nursing home, then they had to sell off the farm in order to help pay for that,” McBride said.
 

McBride said the workshop helps the public within the law to avoid conflict and to maintain their assets.
 

The workshop also deals with veteran benefits, and the benefits available to veterans.
 

Workshop topics include:

  • Pros and Cons of the Revocable Living Trust,
  • How to lower your income taxes and avoid Capital Gains Tax,
  • How to protect your assets from catastrophic illness and nursing home cost without purchasing nursing home insurance,
  • How to avoid tax traps when transferring assets to children,
  • Expanded Estate Recovery Law – Government liens placed on senior’s real estate,
  • How to avoid probate; and,
  • Emerging trends where children are becoming responsible for their parent’s health care.

 

“Basically, the workshop covers anything pertaining to senior citizens and the protection of their assets and how they can structure those assets should any type of catastrophe should occur in their lives,” McBride said.
 

The workshops are free, and open to the public.
 

Cooper and Adel Financial, Agency LLC has four offices in central Ohio, including Centerburg, Monroe, Sidney, and their newest location in Chillicothe. For more information regarding the Elder Law Workshops, call 1-877-401-2175.

2014 Federal Gift and Estate Tax Update

By Attorney Ted Brown

TaxCredits_Flickr_TaxJarEffective January 1, 2014, the unified federal gift and estate tax exemption was increased to $5.34 million dollars. This change reflects an adjustment for inflation from last year's 5.25 million exemption amount. In January 2013 as part of the “fiscal cliff “ negotiations, Congress established the limit at $5.25 million to be adjusted annually for inflation.

What this change means is that an individual can now give up to $5.34 million during their lifetime, or pass away with an estate valued up to $5.34 million dollars, without paying any Federal gift or estate tax.

The annual gift reporting limit remains at $14,000 per person. Total annual gifts less than this amount do not need to be reported and are not subject to gift tax. Total annual gifts in excess of this amount count against the donor's $5.34 million lifetime gift exemption.  

Photo by: Tax Credits on Flickr

 

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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 Life Well Lived: In Memory of Bob Pruitt

Screen Shot 2014-01-02 at 8.31.16 AMBob Pruitt passed away shortly before New Year's day. Bob was a personal friend and a colleague and we will sorely miss him.

On the business side, Bob and his wife, Mabel, have helped our firm over the past few years by delivering deed work to counties all over the state. This was a retirement job for them but they understood the importance of it and approached it with persistence, enthusiasm and diligence. He and Mabel enjoyed working with the county personnel they met on their trips around the state. Our staff enjoyed Bob's sense of humor and caring personality. Even when Bob was so ill that he could barely walk up the stairs, he continued to work. He had a work ethic that is rare.

You could always expect a story when he arrived – he was a character. He was generous and caring and always had time for friends and family. The time ahead will be difficult for Mabel and our hearts go out to her and their family.

MEN: Start the New Year Right!

This infographic tells about the top killers men face during their lives and some positive steps to take to avoid them.  This New Year, start with a firm resolve to improve your health.

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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.

Who is turning 65 in December?!

December 3 … Ozzy Osborn – the Godfather of Heavy Metal

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December 13 … Ted Nugent, guitarist and singer 

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December 21 -Samuel Jackson, actor, Die Hard with a Vengeance, Patriot Games

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December 25 – Barbara Mandrell, country music singer, I was Country When Country Wasn’t Cool

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Simple Facts About Obamacare

By Attorney Nathan Simpson

Forbes has recently published an article outlining 6 facts about health insurance reform.

Forbes found the following:

  1. Screen Shot 2013-12-04 at 3.26.19 PMThat the majority of Americans will pay more in health insurance premiums over their life than they will use in health care services

  2. That under Obamacare, it will be easier for the sick to find health coverage, and the healthy will see higher costs

  3. Younger people will pay higher premiums under Obamacare

  4. Men and women will see similar costs for health insurance

  5. The cost of health care will continue to rise in the short-term

  6. People who previously had minimal health insurance will see their costs increase

As Obamacare is implemented, we expect to learn more and more about its effects on America's healthcare system. If you would like to discuss a plan to make sure you are protected from a catastrophic health crisis, please contact the Elder Law Attorneys at Cooper, Adel & Associates.

http://www.forbes.com/sites/robertpearl/2013/11/28/6-simple-facts-about-health-insurance-reform/2/

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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.

How often should you check your credit card purchases?

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According to a recent Mint article, you should be looking at your purchases at least every two weeks! Why?

  • Banks tolerate credit card fraud – they say it's too expensive to be 100% sure. Meanwhile, we all pay for fraud – and it can happen on our credit card.

  • You only have 60 days to dispute a purchase. If you are not checking your purchases until you get the bill at the end of the month (or, like most people, even less often than that!), you might easily miss the 60 days.

  • If you don't know it's coming, you can't budget for it – that's what can happen with fraudulent charges if you are not checking. That is, you will just be charged.

    The One Big Mistake Every Consumer Makes

 

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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.

Remembering President John F. Kennedy

By Attorney Ted Brown

November 22, 2013

U.S. President John F. Kennedy  Portrait50 years ago today, President John F. Kennedy was assassinated in Dallas, Texas. Kennedy was the 35th President of the United States and the youngest President ever to be elected at age of 43. However, he was the second youngest President to serve, following Theodore Roosevelt who took the Oath at age 42 after President William McKinley was assassinated in 1901.

Kennedy served as Lieutenant in the United States Navy, commanding a torpedo boat in the South Pacific during World War II. Upon his return home, he began his political career in 1947 after being elected by the State of Massachusetts to the House of Representatives. He was elected to the U.S. Senate in 1953 and served there until defeating Richard Nixon for the Presidency in 1960. Kennedy's campaign against Nixon was the first to feature a live television debate between the candidates which served to showcase Kennedy's charm and charisma.

Although brought to an abrupt and tragic end in 1963, his Presidency was marked by his tremendous leadership through many significant events including the Cuban Missile Crisis, the building of the Berlin Wall, the fight against the global expansion of Communism, a nationwide crackdown on organized crime, support for the Civil Rights movement as well as the birth of the space program and Kennedy's personal challenge to land a man on the moon by the end of the decade.

Kennedy was assassinated by Lee Harvey Oswald while driving through Dallas in a motorcade at 12:30 pm on November 22, 1963. Oswald fired three shots from the 5th floor of the Texas School Book Depository building located near Deely Plaza. One shot wounded Texas Governor John Connelly. The public assassination, together with the controversial and conspiracy-laden investigation that followed, has left a lasting and dark imprint on the American people. Many historians have described the event at the loss of our collective national innocence which led to much of the political turmoil of the 1960's and beyond.  

Winter Safety Awareness Week with tips to prevent falls in wintry conditions

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COLUMBUS - Many parts of Ohio have already gotten a sneak peek at winter this year with early snow accumulations, cold temperatures and icy conditions. November 17-23 is Winter Safety Awareness Week in Ohio. One of the biggest risks from wintry weather is falling, particularly among older adults. Icy conditions make it harder to stay on your feet, and the cold may cause us to limit our activity, which can lead to loss of strength and balance.

To help you prevent falls this winter, STEADY U Ohio, the state's new falls prevention initiative, offers these tips:

  • Don't let winter send you slipping and trippingBundle up to stay warm but make sure you can see in all directions and move easily and freely.
     
  • Wear sturdy shoes or boots with treads, even if you're just going out to get the newspaper. (Submitted by Cindy Hintz, via Facebook)
     
  • Do some light stretching before you venture out; it will make you physically more able to prevent a fall.
     
  • Carry a small bag of salt, sand or kitty litter in your pocket or purse to sprinkle in front of you for traction on icy paths.
     
  • Avoid walking on surfaces that may be icy if you can. If you can't, slow down, shorten your stride, walk with feet pointed out slightly and knees gently bent to improve traction and balance. 
     
  • Snow can hide curbs and uneven surfaces. If you can't see where your foot will land, find another way.
     
  • Replace worn rubber tips on canes, walkers and crutches. Ask a mobility equipment dealer about winter canes or cleats you can add to existing equipment.
     
  • Dry off shoes, canes, crutches and walkers as soon as you get indoors. Wet shoes on dry surfaces are just as dangerous as dry shoes on wet surfaces.
     
  • If you are going out alone, carry a cell phone; know who you will call if you fall, and make sure that person knows what to do if you call.
     
  • Drink plenty of water to prevent dehydration, which can affect your balance as well as how your body responds to medication.
     
  • Ask your doctor or physical therapist about indoor exercises that can help you maintain strength and balance when you can't venture out.
     
  • Wear sunglasses to reduce glare from the sun and snow and ensure that you can see where you are walking.
     
  • Carry a cleaning cloth and stop immediately to clean your glasses if they fog up going from outdoors to indoors.
     
  • Ask your post office, newspaper and garbage collector about service options that might make it safer for you when conditions are bad.
     
  • When in doubt, don't risk it. Ask for help if you don't feel safe doing something.

 

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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.



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