Turning 18: Part III – Medical Coverage & Housing for Your Child

Medical care is one of the most important services, if not the most important service, that a person with special needs may need over the course of their life. The transition from a parent's health insurance to an individual plan can...

Baby Boomers: Inheritance Conversations With Your Children

February 15, 2024
Tim Larson
Estate Planning, Our Blog, Senior Living

Not talking to your adult children about their inheritance comes at a cost. Do what you can to manage expectations for adult children as they forge their financial plans. Knowing their general inheritance situation can change their decision-making process and...

2024 Annual Gift and Estate Tax Exemption Adjustments

February 8, 2024
Tim Larson
Estate Planning, Our Blog

With the arrival of the new year, revisions to the annual gift tax and estate tax exclusions will be going into effect, as recently announced by the Internal Revenue Service (IRS). Gift Tax Exemption for 2024 Every calendar year, you can gift...

What to Do When Your Child Turns 18, Part II: Financial Support

The financial planning steps a family takes when their child turns 18 establish the foundation for the child's support and well-being for the rest of the child’s life. If parents make the wrong decisions during this transition, the effects of those...

Is an Independent Living Facility Right for Me?

January 25, 2024
Tim Larson
Our Blog, Senior Living

Housing options and the associated costs are among the top priorities for many seniors. Today, the housing market is unpredictable, and many seniors currently living independently may also have concerns about continuing their lifestyles. Moving to an independent living facility...

New Year’s Resolution: Get That Estate Plan Done

January 18, 2024
Tim Larson
Estate Planning, Our Blog, Probate & Trust Administration, Wills & Trusts

Visiting your attorney to get your estate plan done is one New Year's resolution that you should definitely keep. None of us knows whether or when we may find ourselves seriously injured or sick. But if it does happen, you...

When Children With Disabilities Turn 18, Part I

When your child reaches adolescence, you may realize that radically different benefits will soon replace many services on which your child has long relied. Most of these new benefits will abruptly come into play once your child leaves the public...

What Does Incapacitated Mean in Elder Law & Estate Planning?

When working with an attorney to prepare for your future and address the challenges associated with aging, you will likely come across the term “incapacitated.” Incapacitated Definition Someone who is incapacitated cannot make personal decisions or understand legal documents. An incapacitated...

What to Know About Probate: Estate Planning Basics

December 28, 2023
Tim Larson
Estate Planning, Our Blog, Probate & Trust Administration

Most estate planning attorneys can help you craft an estate plan that minimizes or avoids probate altogether. Probate proceedings are part of the public record and can be very time-consuming and expensive. However, in nearly every case, to some extent...

SSI and SSDI Recipients to Receive Boost in 2024 Payouts

The announcement about the cost-of-living adjustment (COLA) for 2024 is now out, and it’s good news for disability benefits recipients. Those who rely on Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) will soon see a 3.2 percent...