The Ten Most Avoidable Estate Planning Mistakes

Only 4 in 10 Americans have an estate plan in place, and many of those have the wrong estate plan. Estate plans are not just for the rich and famous. Most people have at least one thing of value, such as money in the bank, a car or a home. Far too often, people make the mistake of failing to properly plan for economic security for their families should they encounter incapacity or death.

5 Things to Have Before Your Kids Go Off to College

May is graduation month. This is a time when many of you may be celebrating your child's academic achievements, and even getting ready to send them off to college. During this hectic and emotionally tumultuous time, you may be all-consumed with helping prepare your soon-to-be college student for the next phase, causing you to overlook important estate planning matters.

Proving a Transfer was Made for a Purpose Other Than to Qualify for Medicaid

Medicaid law imposes a penalty period if you transferred assets within five years of applying, thus increasing your burden to pay for long-term care. But what if the transfers had nothing to do with Medicaid? It is difficult to do, but if you can prove you made the transfers for a purpose other than to qualify for Medicaid for long-term care (LTC), you can avoid a penalty.

Often Forgotten Provisions to Include in Your Estate Plan

Even if you’ve created an estate plan, are you sure you included everything you need to achieve lifetime protection and peace of mind? There are certain provisions people often forget to put in a will or estate plan that can have a big impact on your family.

How Does the Medicaid Look-Back Period Work?

One area that causes a lot of confusion with regard to Medicaid is the look-back period. Medicaid, unlike Medicare, is a means-based program, which means that you are only eligible for it if you have very few assets.

Estate Planning Involves More Than a Sticky Note

There are some moments in life that merit planning and focused effort beyond just writing something down on a sticky note to place on your refrigerator. Example: someone calls an attorney’s office “just to ask a question” about a legal issue and is surprised to be told that a consultation is required before advice can be provided.

Addressing Long Term Care and Estate Planning

America’s elderly and disabled members face a looming crisis.  A gathering storm approaches.  And it centers on the ever-increasing costs of providing care to those who are unable to care for themselves.  Millions of our citizens are forced to go broke, spending down their hard-earned life’s savings and selling their homes, to pay for nursing home or other Long Term C

Resolve to Protect Your Assets and Legacy Using Estate Planning Secrets

The new year is the perfect occasion to finally take control of your and your family’s future and financial security in the event of your death or incapacity.

Sand Castle Books, LLC Publishes First Children's Book

Congratulations to Kelsey McDaniel and David Riley on publishing their first children's book, The Little Girl and Her Pink Rowboat! It is a marvelous story of overcoming fear. The Wesolick Law Firm provided legal representation to the author and illustrator to form their publishing company, Sand Castle Books, LLC.

The Tax Cuts and Jobs Creation Act and Other Estate Planning Considerations

Republicans in Congress have released their version of a tax reform bill: The Tax Cuts and Jobs Act (the “GOP Act”). It could be the most comprehensive tax code update in decades, yet it is subject to revision.

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