Some taxpayers might be able to take advantage of certain estate-planning strategies as a result of the economic climate. Talk to an estate planning attorney to find out if any of these strategies would benefit you.
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Compassionate. Convenient. Comprehensive.
Spencerville Estate Law Blog
The Importance of Long-Term Care Insurance
by ssimpson | Sep 15, 2020 | Estate Planning
The crisis generated by the COVID-19 pandemic has only served to highlight the vital importance of both long-term care insurance and caretakers.
Updating Estate Plans in a Pandemic
by ssimpson | Aug 31, 2020 | Estate Planning
Estate planning has been forced to the front and center for many people this year. Folks who previously did not have estate documents decided to create them, while those who already had plans in place needed to review their documents.
Think Twice Before Transferring Your Home to Adult Children
by ssimpson | Aug 17, 2020 | Estate Planning, Probate, Taxes and Finances
Your home might well be your biggest asset. Many times, parents think about giving their home to their adult children outright while the parents are still alive, or adding their names to the deed. While doing so might avoid probate when you pass, it’s also likely to...
Legal Issues with Employees Working from Home
by ssimpson | Aug 3, 2020 | Other
There is no employer in this country whose operations were not dramatically impacted by the COVID-19 outbreak this Fall. While the coronavirus disrupted the workplace in countless ways, one of the biggest sudden adjustments was the massive increase in employees working remotely from home.
Under 35? You Still Need A Will
by ssimpson | Apr 24, 2020 | Estate Planning
I find that younger adults—here defined as those under the age of 35—may not seriously consider estate planning as a necessity. They believe that they are immune from severe health problems and also tend to have fewer assets, less property, or children to make plans...
Disclaimer Martial Trusts
by ssimpson | Apr 16, 2020 | Estate Administration, Estate Planning
When you create your estate planning documents, you might see reference to a disclaimer marital trust, which may be referred to as an A/B, “QTIP trusts”, or “Credit Shelter Trust”. These all tend to have similar purposes, so let’s explore how this type of trust may be...
When the Financial Abuse Comes From Family
by ssimpson | Mar 15, 2020 | Elder Law
A 2019 study found that financial abuse is more likely to come from family members than from unknown scammers. While scams targeting older adults are a widespread problem, this study found that a senior is more likely to experience the abuse from someone they know and...
Bankruptcy and the Elderly
by ssimpson | Mar 1, 2020 | Elder Law
Forbes published an article in 2019 that reported a rise in elderly bankruptcy, specifically for those elder households that earn a lower income. Over about two decades, the share of elderly bankruptcies has risen to 12%. That doesn't sound like a lot, but in 1991, it...
Smart Homes and the Elderly
by ssimpson | Feb 6, 2020 | Elder Law
As smart homes and smart devices become more prevalent in our daily living, our lives are increasingly altered in favor of a more tech-dependent existence. But beyond advances in medical technology, do these devices and smart homes really help the elderly? Let's take...
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I've been a client of Suzanne's for almost a decade and, with flexibility and compassion, she has worked with me to adapt my plan to meet my expectations. I trust her advice and highly recommend her services. Donna
Suzanne has been helping me with Power of Attorney and Personal Representative responsibilities for a good friend who died. It turned out to be a rather complicated estate and Suzanne was very patient and thorough in... Probate Client
I lived in VA for 42 years and had worked with two attorneys in an Arlington firm. When I moved to Maryland I asked for a referral. It turned out Suzanne had worked with this firm previously. Not only did I received the same great... Probate Client
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Getting a will written, designating a power of attorney - these are all tasks that I knew must be done - but I had been putting them on the back burner. Suzanne made the process simple, quick and painless. Everything was done... President and Founder, Moms, Inc.