Monthly Archives: April 2024
The Medicaid Child Caretaker Exemption
It is easy to idealize aging in place in a multigenerational household, but most adults who live with their parents do so out of economic necessity. The members of the household are sharing scarce resources. The house is often the only valuable asset that the older adults own. The younger adults still live paycheck… Read More »
If These Estate Planning Mistakes Can Happen To Celebrities, They Can Happen To You
It is fun to read about the foibles of people who have a lot more money than you. Tabloids and reality TV derive their entertainment value from the fact that we in the audience believe that we have much better judgment about love, money, and parenting. We think that we would never be dumb… Read More »
Are Aging In Place And Moving To More Senior-Friendly Accommodations Mutually Exclusive?
One of the best things about being retired is that your peers are no longer impressed with status symbols, so that you no longer feel compelled to spend money on purchases whose only purpose is to show off to an audience. If a red sports car didn’t give you superpowers when you were 50,… Read More »
Cats Are Better As Beneficiaries Of A Trust Than As Beneficiaries Of A Will
Everyone who understands the basics of estate law knows that animals cannot be beneficiaries of a will. Despite this, one often reads news stories about beloved pets that inherited a fortune from their wealthy owners, even if the testator had the wisdom not to say, “My dog Biscuit will inherit 100 percent of my… Read More »
