One way that identity thieves find victims is by looking through obituaries. When writing your loved one’s obituary, try to avoid information that might be useful to identity thieves such as date of birth, mother’s maiden name, or the decedent’s address. Think about what information someone would need to open a bank account and avoid including that in the obituary.
Linda Strohschein, your local Certified Elder Law Attorney, will meet with you to create strategy and offer resources to avoid problems that drag out your estate administration and cost money and create headaches for your heirs. Call us today at 630-377-3241
Linda Strohschein says, “Failing to plan, is a plan to fail.” Planning ahead through the use of a Trust can be complicated, but the time and effort to do them right are more than worth it. With proper planning, you will be confident that you’ve taken the best steps possible to protect what matters the most – your loved ones and your family’s financial security. Call Strohschein Law Group today, 630-377-3241
Often items of little monetary value have great emotional significance. This can make distribution difficult when more than one person feels attached to a particular item. The process can also become the venue for playing out old family insecurities and grievances. Everyone may revert to the relationships they had as teenagers.
Dealing with creditor claims can be complicated. If you make mistakes as executor, it can lead to you being personally liable. It is important to get an attorney like Linda Strohschein. Linda, along with Strohschein Law Group’s associate attorneys help families everyday to ensure estate administration is a process and not a hassle. Call us today at 630-377-3241.
Strohschein Law Group hosts lunch and learns in-house every quarter. Coming up on Tuesday, October 20th Linda Strohschein will be presenting on this very topic “Social Security Benefits.” She will explain your options if you are teetering on taking benefits at the age of 62 or waiting until retirement age, as well as spousal benefits. Find out how to maximize your lifetime benefits.
For a variety of reasons, people sometimes want some or all of their assets to pass directly to specific individuals upon their deaths, outside of probate. One way to accomplish this is to set up a “payable on death” (POD) account for money in a bank account or a “transfer on death” (TOD) account if funds are in a brokerage account.
In most states, transferring your house to your children (or someone else) may lead to a Medicaid penalty period, which would make you ineligible for Medicaid for a period of time. However, there are circumstances in which transferring a house will not result in a penalty period.
Higher premiums mean that fewer consumers are buying long-term care coverage, and those who are buying are purchasing less protection, says Forbes magazine columnist Howard Gleckman.
This case from Massachusetts details that the section 8 housing agent informed plaintiff Ms. DeCambre that she was no longer eligible for Section 8 because the trust had disbursed more than $60,000 during the year for her car, phone, Internet, veterinary care for her pets and travel expenses. A hearing officer upheld the BHA’s decision. Find out why.