Friday, July 17, 2009 Press Coverage of Estate Planning This Week (July 17, 2009)William Edy, Esq. writes in the News-Press.com that unfunded trusts achieve very little. To work properly, assets such as financial accounts and real estate must be titled in the name of the trust, otherwise estate taxes can increase and the assets often must move through probate before being placed in the trust. See Creating a Trust Meaningless Unless It Holds Assets (July 12, 2009).
Kate Ashford of Good Housekeeping reviews steps to take as your parents become less independent, including ensuring they have planned ahead for legal and financial issues and where to find help for issues that commonly arise. See How to Help Your Aging Parents Without Going Broke (July 16, 2009).
Eileen Aj Connelly of the Associated Press provides an overview of the federal estate tax, including determining what assets are in one's estate, whether small business owners are more at risk of paying an estate tax, and whether it's possible to reduce the size of one's estate. See Estate Tax Can Hit Ordinary People (July 16, 2009). Monday, March 23, 2009 Resource for Locating Senior HousingA new resource for locating and evaluating housing options for all levels of senior care is available online at Snap for Seniors. A simple search tool that requires only your zip code will locate senior housing facilities in your town and in nearby communities. There are also primers on the different types of senior housing available and what to look for when reviewing senior housing options. |