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Estate Planning & Elder Law Blog

What Is Portability and When Should I Make a Portability Election?

A common financial mistake married farm couples make occurs when the first spouse dies, and the surviving spouse fails to ‘elect portability.’
03/02/23 • by: The Law Office of John A. Laine, P.C.
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Do I Need a Life Insurance Trust?

Created to own and control a life insurance policy or policies while the insured is alive, Irrevocable Life Insurance Trusts (ILITs) are tools that are sometimes recommended by estate and planners.
03/02/23 • by: The Law Office of John A. Laine, P.C.
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How Does Estate Planning Work for Caregiving Children?

A not uncommon estate planning scenario is an elderly parent who lives with an adult child, either at the parent(s)’s home or at the child’s home.
03/02/23 • by: The Law Office of John A. Laine, P.C.
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Some Hobbies Can Help You Live Longer

Hobbies are part of what makes life fun. Some of them come with a major bonus: They just might lengthen your life.
02/15/23 • by: The Law Office of John A. Laine, P.C.
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What are the Benefits of Creating a Life Estate?

Once you create a life estate, property rights vest in your heir.
02/15/23 • by: The Law Office of John A. Laine, P.C.
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Does a Will Have an Expiration Date?

If I have a current will that is about seven to 10 years old, do I have to write up a new will or can I edit the current will?
02/15/23 • by: The Law Office of John A. Laine, P.C.
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How Does an ABLE Account Work for a Special Needs Child?

If you have a child or grandchild with disabilities, one of your biggest worries is what will happen when you are no longer around to provide aid.
02/15/23 • by: The Law Office of John A. Laine, P.C.
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Who Gets Graceland after Lisa Marie Presley‘s Death?

Lisa Marie Presley‘s surviving three children will reportedly inherit her Graceland estate.
02/06/23 • by: The Law Office of John A. Laine, P.C.
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Steps to Take for End-of-Life Planning

It isn’t just about wills and funerals—it is a reflection of your values, your goals for healthy aging, and the hopes and dreams you have for those you love.
02/06/23 • by: The Law Office of John A. Laine, P.C.
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How to Protect Loved Ones from Being Disinherited

If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.
02/06/23 • by: The Law Office of John A. Laine, P.C.
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