Estate Planning with IRA Trusts

Many folk have large retirement accounts.  According to the Investment Company Institute 2016 Yearbook, in 2015, members of 60% of US households had invested $24 trillion in retirement market assets, including IRA’s, 401k’s, 403b’s, Simple IRAs, and others.  This...

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Silver Alert: What to do when a Senior goes Missing

Caring for and keeping a cognitively impaired person safe challenges every assumption about what a person might or might not do. As Elder Law of East Tennessee’s Care Coordinator I hear frightening stories from some of our clients’ families....

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Six Tips for Health Care Decision Makers

If you’ve perused much on our website, you are aware that there are two distinct Power of Attorney roles: a General Power of Attorney, which gives an agent authority to conduct business for an individual, and a Health Care...

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Making “Home Sweet Home” into “Home Safe Home”

It goes without saying that, if asked, most people prefer to age in place. That means that folks want to stay where they are and don’t want to move. Sometimes the homes we choose when we are healthy and...

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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 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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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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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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