How to Handle Your Inherited IRA

IRAs are becoming a common asset in estate plans, sometimes the largest asset of the estate. They can, however, be a tax trap for the unwary. Inherited IRAs are treated differently depending on the age of the decedent and...

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The Talk

You have been dreading it, but you know when they reach a certain age it is time to have “The Talk”. You know the choices they make (or do not make) now are critical to their future health and...

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The Intersection of Estate Planning and Elder Law

A Dangerous Place for Those Who Don’t Know the Rules It’s called a “Sweetheart Will.”  A man in his eighties leaves everything to his wife—his $100,000 IRA, a $20,000 savings account and the couple’s home.  His wife is suffering from...

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The Elder Law Lawyer

As I have grown to know elder law attorneys from Pennsylvania and across the States, I have found they come in all shapes and sizes with varying interests, specialties and approaches. We all have at least one thing in...

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The Benefits of the Long Term Care Insurance Partnership Policy

It has been two years since the Long Term Care Insurance Partnership Program came to Ohio. Although there was quite a bit of promotion at the time, there was some confusion among consumers as to the benefits of the...

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Tax Basics for Families with Special Needs

Families of children and adults with disabilities often require a variety of services in order to fully meet the needs of the disabled person as well as the rest of the family.  The financial resources available to pay for...

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Tax Basics for Families with Special Needs

Families of children and adults with disabilities often require a variety of services in order to fully meet the needs of the disabled person as well as the rest of the family.  The financial resources available to pay for...

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Six Things to Consider when Writing Your Will

The first major hurdle in writing a Will is procrastination. Just thinking about death and dying makes some of us a little anxious. Once past that obstacle, there are six things that you should consider to be sure that...

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Seniors and Obamacare (The Affordable Care Act)

Dear Mr. Premack: We are hearing everywhere that October 1 is when Obamacare starts. I hear and see lots of news and ads criticizing Obamacare and don’t want to have to pay extra taxes or change my doctor because...

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Reverse Mortgages

Hardly a day goes by that you may not see an ad by a famous movie star, or retired politician on television advertising reverse mortgages.  So why would a bank spend significant funds on advertising to “sell money” when...

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