Able Act And Other Ira And Tax Extensions Passed By Senate

On December 16, the USSenate passed important new legislation which included a variety of important tax provisions. Included is the “ABLE Act”which creates tax-favored accounts for children and adults whose disability occurred before age…

What To Do With A Will When The Testator Downsizes

Downsize Needed? Sometimes, people will have a significant list of items in their home to go to others. But, when it is time to downsize, and move to a new smaller residence or to assisted living, what should a person do with them? In general,…

Why Does A Small Business Need An Operating Agreement Part 1

“Why do I need an operating agreement?  It is an unnecessary cost!” Many clients ask this question of us when they are forming their businesses.  The answer might surprise you because the operating agreement seems like just an…

Estate Planning Basics Part 3 Coordinating Beneficiary Considerations

In our earlier posts, we discussed some issues commonly found with respect to beneficiaries in life insurance​, trusts, and IRAs.  Now, we want to mention why these must be coordinated with your estate plans.  You did get your…

How Will You Pay For Your Funeral

Use Estate Planning to Ensure Your Family Isn’t Stuck Paying For Your Funeral The cost of a funeral is averaging $7,000 and steadily increasing each year; a client recetly told me they had paid $16,00 for a “no-frills” funeral. …

What Is Sundowning

What is Sundowning? And, what should I do about it? The term “sundowning” refers to a state of confusion that often occurs in the late afternoon and may continue into the evening or night. Sundowning can cause or exaggerate some of the…

Scam Alert

We occasionally hear that some of our clients are approached with various scams.  The following is an alert from North Carolina Attorney General Roy Cooper: Phony Card Cancellation Notices Arrive Via Phone Consumers in North Carolina are…

When Is It Time To Stop Driving

When is it time to stop driving or take the keys away? At some time you will feel concern or even fear that your parents should no longer drive an automobile. AgingCare.com points out that in a recent year, over 14…

Elder Law More Than Merely Documents

The world of aging is complex and you have a lot of decisions to make and an avalanche of information to process.  Your​ trusted advisors (you have some, right?) need to help you along the way.  This week, I was at…

Doug Koenig Is Going To Congo Why

I have a few reasons for going … let me share them with you … First, The Democratic Republic of Congo is one of the world’s richest and poorest countries at the same time.  It is a land of amazing opportunity, and of unfulfilled…
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