New Law Change Will Have a Big Impact on Veterans

For decades the U. S. Department of Veterans Affairs has provided a benefit for veterans or their surviving spouses that can be used to pay for home care, assisted living, and for a nursing home costs. Most veterans did not know this benefit existed, and now the VA is changing the rules to make it…

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Estate Planning “Must Do’s” for Recent Empty-Nesters

A shorter grocery list. Silence from the laundry room. Extra money in the checking account at month’s end. All signs you’re an empty nester. The kids—and the monthly vacuuming up of cash—are out of the house. It’s enough to leave you reeling. And maybe a little confused about what to do. It’s no surprise that…

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We Are Moving

Announcing Wilson + Miller, PLLC: Combination of Legal Industry Powerhouses Jennifer Wilson-Harvey and Stan Miller are excited to announce the formation of Wilson + Miller, PLLC, an Estate and Elder Law firm which will ultimately provide services nationwide in a retail environment. The business support operations will be headquartered in Little Rock and will, over…

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How an Estate Planning Letter of Intent Can Help Your Family

Estate planning is an important task that everyone should undertake as it helps to protect your family and loved one’s financial future. But estate planning can do much more than focus on finances, it can also provide for care of those you leave behind. One aspect of estate planning that is often overlooked but can…

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How Does an IRA Fit Into Your Estate Plan?

When you think of IRAs, you probably think of retirement. But what happens to your IRA money after you’re gone? The answer depends on how you go about creating your estate plan and selecting beneficiaries, and you might be surprised to find out that your money could end up with the wrong people or cause…

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Social Security Basics: What You Need to Know (Part One)

Social Security retirement benefits are incredibly important sources of income for many Americans, so it’s vital to know some basic facts about the system to make sure you’re getting the full extent of benefits available. The Social Security Administration calculates amount of your Social Security benefits, depending on your earning history, how long you’ve worked,…

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5 FAQs about Medicaid Planning

Medicaid planning requires confrontation with uncomfortable realities. It’s scary to imagine that you might not be able to care for yourself one day. The solution to this fear is planning. By taking stock of your challenges, you can approach the next phase of your life with courage. These FAQs can give you clarity to that…

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Shielding Your Assets and Planning for Medicaid: What You Need to Know

Medicaid planning, in theory, should be pretty straightforward. After all, millions of people depend on Medicaid to some extent to pay for late in life care. We’ve collectively had decades to work out kinks in the system. And the basic concepts underlying this government safety net are easy to understand. Unfortunately, many people severely underestimate…

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Not Married? You’re not alone – but you still need a plan. Estate Planning for People Living Together, Bachelors, and Bachelorettes

Approximately half of America’s population over the age of 16 is unmarried. While much of the discussion involving estate planning focuses on married couples, this topic is just as important for a single person. In fact, many times it is even more important that a single person have a well-coordinated estate plan. This is because…

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Don’t Make These Common, Expensive Mistakes: How to Leave Assets to Minor Children

Most parents want to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles, and good friends sometimes want to leave gifts to beloved young children too. Unfortunately, good intentions and poor planning often have unintended results. Don’t make these common, expensive…

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I Have Established a Living Trust, What Now?

After a Living Trust is established as part of someone’s estate plan, the person setting up the Trust (the “Trustor”) usually serves as initial “Trustee”.  A Trustee is in charge of the administration of the Trust and the handling of the Trust assets. For that initial Trustee, handling the Trust is pretty much “business as…

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Business Planning: Small Business Owner? Know What Can Happen to Your Business If You Become Incapacitated or Pass Away

Business Planning, for your small business, preparing your company for your incapacity or death is vital to the survival of the enterprise. Otherwise, your business will be disrupted, harming your customers, employees, vendors, and your family. For this reason, proactive business planning  including your finance and your estate plan is key. Below are some tips…

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After Tax Reform, Is Estate Planning Still Necessary?

The new tax legislation raises the federal estate tax exemption to $11.2 million for individuals and $22.4 million for couples. The increase means that an exceedingly small number of estates (only about 1,800, nationally) will have to worry about federal estate taxes in 2018, according to estimates from the nonpartisan congressional Joint Committee on Taxation.…

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