For a single person, did you know that if you need a nursing home, you can only keep $2,000 of financial resources?
Mary is single, 85 and in need of a nursing home. She transferred her primary residence years ago to her daughter. She has $250,000 of additional financial...
2022 is on the horizon, and with that, some updates are in order on what we know so far. The caveat remains: Congress is unpredictable, especially this time of year. We may find out this month about some further changes in tax laws. We'll keep an eye out and update you accordingly.
The holidays are around the corner, and although we are all extremely busy, it's actually a good time to at least think about estate planning as you are joining together with your family and loved ones. Take some time during the holidays to tune into this webinar to learn more about estate...
99% of us (or more) have never had the pleasure to serve as an Executor. But you just found out you have been named as Executor of an estate, so what are your obligations?
Understand Your Role: Your job as Executor is a legal...Elder law is a broad practice area centered around long-term care planning, asset protection, and many related issues. There are endless stories of folks needing long-term care, yet their families wait until it’s too late to hire an attorney or just simply don’t hire an attorney at all. This leaves families with...
Whenever I give a presentation about long-term care, inevitably there will be some discussion about the odds of needing a nursing home. For instance, one statistic from the federal department of Health and Human Services (HHS) indicates that only 15% of older adults will spend greater than two years in a nursing home. If you're...
There are many facets of an estate plan - it's a pretty broad term, and way too many of us have the perception that we don't have enough money to engage in estate planning. That couldn't be further from the truth, and that mindset can put you and your family at great...
Across Pennsylvania, there are thousands of properties that have a ‘tangled title’ where the person living in the home does not actually own the home. It’s a pervasive problem, particularly in urban areas. The sooner it is identified and fixed, the better. When there is tangled title, mortgages can’t be refinanced. Repair grants,...
By Jeremy A. Wechsler, Esq.
Estate Planning & Elder Law Attorney
Does a loved one have an addiction that you need to consider when drafting your estate plan? There is a balancing act when trying to help a family member with an addiction by leaving them financially better off, but...
We receive many questions about PA Inheritance Tax and probate matters, so here are a few pointers.
PA Inheritance Tax Basics: Pennsylvania imposes an inheritance tax upon death on all property that you own in PA, including real estate and financial assets. So, if you live in PA and...