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Estate Planning & Elder Law Blog

Planning for Long-Term Care and Taxes

Many families discover that trying to mitigate the cost of long-term care can conflict with another common retirement concern—reducing taxes for retirees and their heirs.
04/20/23 • by: The Law Office of John A. Laine, P.C.
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What Should I Ask a Prospective Estate Planning Attorney?

While more than half of Americans believe estate planning is essential, a mere 33% actually have a living trust or will. And one out of three respondents who don’t have a will reason that they don’t think they have sufficient assets to warrant estate planning.
03/24/23 • by: The Law Office of John A. Laine, P.C.
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Do I Need a Will If I’m Leaving Insurance Policy to a Beneficiary?

Estate planning is crucial to leaving your beneficiaries with your possessions as you intend.
03/24/23 • by: The Law Office of John A. Laine, P.C.
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What Should I Know about Funeral Planning?

Losing a loved one is stressful enough without having to deal with a botched funeral. Preplanning, due diligence and good communication can head off difficult surprises.
03/15/23 • by: The Law Office of John A. Laine, P.C.
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What Strategies Minimize Estate Taxes?

With 2022 bringing very little change to trust and estate law, 2023 remains a prime opportunity to take advantage of the favorable tax landscape.
03/15/23 • by: The Law Office of John A. Laine, P.C.
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Does Divorce Have an Impact on Estate Planning?

When you're in the midst of a divorce, you're probably not thinking about estate planning or your will. However, if you're divorcing, you should think about the impact a divorce can have on an estate plan.
03/15/23 • by: The Law Office of John A. Laine, P.C.
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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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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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