When your child reaches the age of 18, you no longer have the same level of access to or authority over his or her financial, educational and medical information. You may even be unable to get medical updates in the event your child is unable to communicate.
All hospitals must now give Medicare recipients notice when they have not been admitted but are merely under “observation” status. The notice requirement is part of a law enacted in 2015 but that just took effect.
Giving your house to your children can have tax consequences, but there are ways to accomplish it tax-free. The best method to use will depend on your individual circumstances and needs.
With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax, which in 2017 affects estates over $5.49 million. This begs the question: With no estate tax, do you still need a trust?
Saying that there has been “undue influence” is often used as a reason to contest a will or estate plan, but what does it mean?