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NC and SC Estate Planning and Elder Law Firm
Thursday, March 25, 2021
If you have a rather sizeable estate, it can be incredibly important to consider all of your estate planning options as the federal estate tax can take a large chunk of your estate’s value away from your heirs. The federal estate tax exemption will allow you to avoid some taxation as the exemption amount is subtracted from the value of the estate and only the remaining amount will be subject to the federal estate tax. In 2019, the federal estate tax exemption was at $11. Read more . . .
Friday, February 26, 2021
Many people may not think about Medicaid benefits until they actually need them. Medicaid provides critical benefits to individuals in need throughout the U.S. Read more . . .
Wednesday, February 24, 2021
The costs of long-term care in the United States are hitting all-time highs. While the majority of us will require some type of long-term care, whether it be in-home care or nursing home care, the costs can be devastating. Any savings can be quickly eaten up by long-term care bills. Read more . . .
Monday, February 22, 2021
Trusts are often the less recognized and discussed aspect of estate planning. This is unfortunate because trusts can accomplish many things when properly utilized and implemented. A trust can help you avoid the costs and delays of probate. Read more . . .
Friday, January 29, 2021
A Last Will and Testament, simply referred to as a “will,” is probably one of the most notable estate planning tools. Most people know the basics of a will and think of it only in terms as a way to tell everyone else who you want your property to go to after you die. While a prominent part of the will, there is so much more that can be accomplished by a will and people should know about this as they consider the importance of estate planning. Read more . . .
Wednesday, January 27, 2021
During the estate planning process, the benefits, as well as the importance of various legal tools, are discussed. The potential advantages of having different types of Read more . . .
Monday, January 25, 2021
While trusts may be often discussed as being included in an estate plan, the tax consequences of a trust are not always addressed. This is unfortunate because trusts can have significant tax implications for both grantors and beneficiaries. Here, we will address how irrevocable trusts are taxed. Read more . . .
Monday, December 28, 2020
One prominent portion of elder law is long-term care planning. Much of long-term care planning focuses on your ability to plan for affordable long-term care based on the resources available to you. Long-term care is increasingly expensive and few can afford such costs without having their life’s savings quickly demolished. Read more . . .
Wednesday, December 23, 2020
Most people do not exactly look forward to moving into a nursing home and this may be putting it mildly. A nursing home, however, can be the best option for an aging loved one to live in a safe environment while getting the necessary mental and physical support. Knowing when the right time to make the move into a nursing home can, however, be a difficult decision. Here, we will discuss several things that may be signaling that the time has come to make the transition into a nursing home.
When It May Be Time to Move to a Nursing Home
Whether it may be time to move to a nursing home will largely hinge on whether a person is safe and secure at home, the status of his or her health (both mental and physical), and what his or her projected future medical and personal needs may be. Read more . . .
Monday, December 21, 2020
We live in unprecedented times for a number of reasons. One reason is the fact that people are living longer than ever before. While people may be reaching ages like we have not seen in the past, this also means that people often require assistance and care for what may be several years. As people have started living their golden years for much longer timespans, family caregivers have played an integral role in helping to ensure aging family members remain comfortable and well taken care of. Unfortunately, however, caregiver burnout is all too real. Read more . . .
Monday, November 30, 2020
It may have been months since you have been able to see your loved one living in a nursing home. COVID-19 restrictions have been especially stringent in these facilities as the residents are part of a particularly vulnerable population and have been shown to be extremely susceptible to contracting the virus and experiencing extremely severe, even life-threatening, symptoms. After extended closures to the public, nursing homes across the country are beginning to reopen. They are, however, doing so cautiously. Before you go to visit your loved one in a nursing home that is planning to reopen, here are some things you will want to know about. Read more . . .
Monk Law Firm, PLLC assists clients throughout Charlotte, Rock Hill, Fort Mill and the surrounding areas.
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