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Why People Avoid Estate Planning

 

Estate planning is something that many people avoid. It is perplexing because having a good estate plan not only protects you but it protects your loved ones and beneficiaries once you are gone. In spite of this, many people simply continue to put off estate planning with a litany of excuses. Unfortunately without a good estate plan they may end up costing themselves or their loved ones in the end. Here are some of the more common excuses as to why people avoid estate planning:

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By |June 23rd, 2016|Uncategorized|0 Comments

Estate Plan: Who Cares about your Probate Process?

Probate is a process that will happen to an estate after a person is gone. It is a very public accounting of the estate, including debts, assets and often who beneficiaries are. Even if specific beneficiaries aren’t listed by name, it can usually be figured out pretty easily.

Many believe that the probate process is private if a will is filed for the estate. This is not true. All wills are a matter of public record; which means that anyone can be looking at it. Why does it matter and who really cares?

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By |June 21st, 2016|Uncategorized|0 Comments

Why You should Protect your Retirement Accounts with an Elder Law Attorney

Retirement accounts are a great way to plan for the future. If you are like most people, you have been saving assets for the future when you will need to draw on them.

If you were wise about your investments and frugal with your money, you might find that there may be a large amount left over when you are gone. You may also see this as a great opportunity to pass this nest egg on to a loved one that can use it for their future, even if you are no longer there to enjoy it with them.

The problem is, once you pass your retirement account on to someone else, all of the protections are gone from the account. What does this mean and how can the money be lost?

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By |June 16th, 2016|Uncategorized|0 Comments

Employ an Elder Law Attorney to Protect your Assets by Minimizing After Death Fees

You have worked hard your entire life to build up your assets. When you are gone, all of those assets become your estate that you can pass on to your loved ones and beneficiaries. Do you really want to see a large chunk of those assets eaten up in the taxes, funeral expenses, legal fees and other costs that are incurred after you die? Here are some ways to keep those fees down so more of your assets end up in the hands of the ones you intended them for.

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By |June 14th, 2016|Uncategorized|0 Comments

How to Avoid a Contested Will or Trust

Everyone has heard the nightmare stories about long protracted legal battles that occur between close families after a loved one passes on. Nobody wants this for their family, yet many people set their families up for just such a scenario.

Fortunately this can be avoided with some proper planning and discussion. Here are some easy ways that you can avoid having your estate contested after you pass on.

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By |June 9th, 2016|Uncategorized|0 Comments

Are You Still Tackling Your Bucket List

The words “bucket list” have become synonymous with the best life has to offer.  It was the title of a popular movie a few years back, and has become part of the jargon of our times.  Most of us have a bucket list, things if asked, we’d say we would like to do and experience […]

By |June 6th, 2016|Ohio Elder Law|0 Comments

Medicaid Now Available for Spouses in the Nursing Home!

BREAKING NEWS FROM The Stano Law Firm:
Medicaid Now Available for Spouses in the Nursing Home!
The Ohio Department of Medicaid has now approved a Medicaid Qualified Annuity as a spend-down for a husband or wife, even if his or her spouse is in (or is heading to) a nursing home.  As a result, people can immediately […]

By |June 6th, 2016|Uncategorized|0 Comments

What to Do When Your Life is at a Standstill

No doubt you know what the word “standstill means.”  For our purposes here, imagine you are stuck in mud up to your knees.  Try as you might, you just can’t move.  Taking one step forward is a major undertaking, and is basically impossible.

Perhaps you’ve experienced such a “standstill” scenario before in your life.  An event […]

By |June 6th, 2016|elder law|0 Comments

Do You Still Owe After You Die?

It is a question that weighs heavily on many seniors. You have worked hard your entire life to pay off all of the debts that you owe, and you don’t want your loved ones to be responsible for having to take care of them after you are gone. The good news (and the short answer to the question) is that, in general, your surviving kin are not responsible for your bills. The long answer is, of course, complicated. Let’s take a look at the process.

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By |May 31st, 2016|Cleveland Ohio Estate Planning|0 Comments

How to Avoid Financial Troubles from Medical Bills

The cost of healthcare keeps rising. If you are a senior, then this can be even more troublesome. As you age, you need more medical care than you have previously in your life. Some statistics say that as high as three in five bankruptcies are due to people being overwhelmed with medical bills. Fortunately, there are plenty of factors that you can control to prevent this from happening. Here are a few of the things that you can do to avoid financial issues due to medical bills.

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By |May 26th, 2016|elder law|0 Comments