Vallone Law Blog
Nobody lives forever, but our legacies will. There's a lot to think about when it comes to your final act and what and who you leave behind. This is a blog about estate planning, elder law, and wisely looking ahead.
The Difference Between Dying With a Will and Dying Without One
The thought of death, especially your own, is uncomfortable. Add to that the issue of what will happen to our assets after our deaths and it’s little wonder why so few people have created wills and other estate planning documents.
A Guide to Tax on Generation-Skipping Transfers
A tax imposed by the US government on transfers that skip a generation of heirs is known as a generation-skipping transfer (GST). Its primary design is to prevent wealthier individuals from avoiding estate and gift taxes by transferring large amounts of assets to their grandchildren, bypassing their children.
Adult Children with Disabilities: Creating a Support System
Growing numbers of people with disabilities live in the United States, and planning for an adult child’s future well-being is a responsive, continuous process.
An Overview of the Advantages of Long-Term Care Insurance 2.0: The Hybrid Policy
When you become seriously ill or injured, nursing home care can cost an astronomical amount. You might also know that Medicare would cover only a minimal amount of those costs.
The Ten Best Organizations to Help Seniors Live Independently
Approximately 18 percent of the US population will be 65 years old by 2030. This demographic is driving significant and lasting challenges as 10,000...
Estate Planning Documents for Health Care
Estate planning most commonly involves wills and trusts and the transfer of assets to the next generation. However, there is another part of estate...
Estate Administration – How Does It Work?
Estate administration refers to managing and distributing a deceased person’s assets in the US. This process typically includes identifying and...
A Special Needs Plan: 10 Things to Consider
One of the most important life-protecting things you can do for a loved one with special needs is to plan for their future. This article offers tips...
Technology-Enhanced Fall Prevention Programs for Seniors
Accidental falls are one of the most common causes of injuries among seniors. Debilitating injuries range from short-term sprains, bumps, and...
The Importance of Estate Planning for Seniors
Americans over the age of 65 establish wills and estate plans at a faster rate than their younger counterparts. Still, a significant number — 19...
Are ABLE Accounts different from Special Needs Trusts?
People with disabilities can save money tax-free by creating a special needs trust (SNT) or an Achieving a Better Life Experience account (ABLE)....
Trustee Appointment: What to Do
You have been asked to be the trustee of your friend Rose's trust. Despite your desire to help, you have concerns about the responsibility...
Your Bank Account Should Not Be Linked to Your Child’s Name for Several Reasons
Even if you have a friend or family member who keeps track of your bills when you are ill or away, it may be more trouble than it's worth adding...
An Overview of Advance Directives
Winnie's nursing home room door is open, and Kevin is standing in front of it, tears running down his cheeks. The medical staff just finished...
Managing Stress and Health Through Meditation and Mindfulness
Stress is caused by the constant barrage of bad news in this world. As a result of injuries and illnesses, we also feel stress. Chronic pain can be...
In the Case of Blended Families, How Do You Plan Your Estate?
As a result of inheritance in a blended family, families may feel hurt and inequitably distributed, leading to lengthy legal battles that can be...
Your Elderly Loved One’s Care: Researching the Best Options
Government agencies that supervise long-term care facilities are underfunded, according to sources. They lack the resources to do proper inspections...
Estate Planning Basics You Need to Know
The law regards estate planning as simply the aggregate of property owned by an individual, and most everyone owns at least some property. Property...