As it stands today, election night was approximately one month ago. We are beginning to see President-Elect Joe Biden naming cabinet members and contested states such as Michigan and Pennsylvania are certifying their results for Joe Biden. As a result, many are wondering how taxes will change under a Biden Presidency and how people will […]
As it stands today, states are beginning to certify their election results and it appears that the next President of the United States will be Joe Biden come January 2021. Although President Trump is still pursuing legal avenues regarding his claims, many legal scholars indicate that President Trump will run out of legal avenues, the […]
“Do I need to worry about losing my family home due to Medicaid?” This is a very common question we receive from many families. This question often arises when one spouse enters a nursing home while the other spouse is remaining at home. Adult children also ask this question as their parents are getting older […]
There are many business owners who pay painstaking attention to every detail of their business. However, one detail that is almost always ignored until it is too late is proper business succession planning. The failure to have a business succession plan in place is one of the main reasons for business failure and closure. A […]
A common question that people have is about the difference between an Executor and a Trustee. Although these two terms are similar, they are quite different. An Executor, Executrix, Personal Administrator or Personal Representative is a term which applies to the person who oversees settling a person’s estate after death. An Executor can be named […]
Just about every day on the news we hear about COVID-19 new infections and deaths. There are many who expect cases to spike as we enter the flu season in the fall and winter months. However, whether that occurs or not is anyone’s guess. Regardless of what occurs regarding COVID-19, you need to be legally […]
By Daniel A. Perry, Esq.As a parent of three young children (all under the age of 4), I am very much aware of the basic legal protections that we need to provide for our children. However, even with the best planning in the world and ensuring that all legal protections are in place for your […]
By: Daniel A. PerryIt’s easy to be misinformed about probate and trusts. Because of false information, many families that go through probate end up dealing with a stressful process that is much longer than any of them ever considered, exposing their family’s private financial matters to the entire world to see.Example:Joe and Elizabeth had been […]
By: Daniel A. Perry In my law practice, I often hear the same statement from families:“I have everything set up in case myself or my wife pass away. We have a bank account, an IRA, and an investment account totaling $250,000. All our accounts have two of our children listed as beneficiaries. The third child we […]
By: Daniel A. Perry Many of us worry about what will happen to our families should we unexpectedly pass away. Some of us are also worried about our loved ones paying our bills, handling the funeral and other financial obligations that we leave behind. Therefore, I want to tell you a story about Elizabeth, a client […]