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Estate Battles Over Personal Property Distribution

By Fisher Law LLC |

Creating and probating a last will and testament is rarely a simple task, but one of the most challenging aspects is the distribution of personal property, warns the article “Be clear about personal property distribution in your will” from The News-Enterprise. The nature of personal property—that it is relatively low in market value but… Read More »

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Could a Polar Bear Plunge Help with Dementia?

By Fisher Law LLC |

A “cold-shock” protein has been discovered in the blood of regular winter swimmers at London’s Parliament Hill Lido. The protein has been shown to retard the onset of dementia and even repair some of the damage it causes in mice, according to a report in the BBC’s recent article entitled “Could cold water hold… Read More »

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Preparing for the Impact of Alzheimer’s Disease

By Fisher Law LLC |

The impact of these diseases will not just be on the individuals, but on their spouses and families. Surveying 1, 000 mass affluent and high net worth families currently caring for relatives with cognitive decline, the study found that the lifetime direct and indirect costs can be more than $750, 000. A recent article… Read More »

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Will I Owe Taxes on My Life Insurance Benefit?

By Fisher Law LLC |

MoneyWise’s recent article entitled “Are Life Insurance Benefits Taxable?” explains that, although the proceeds from a life insurance policy are usually tax-free, there are some exceptions. Life insurance payouts may be subject to taxes in the following situations: A high-value estate. The federal estate tax exemption is $11.58 million this year, so if you… Read More »

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Federal Estate Tax Exemption Sunset Is Not Far Off

By Fisher Law LLC |

In 2018, the Tax Cuts and Jobs Act (TCJA) doubled the lifetime gift, estate and generation-skipping tax exemption to $11.18 million from $5.6 million. With adjustments for inflation, that exemption in 2020 is $11.58 million, the highest it’s ever been, reports the article “Federal Estate Tax Exemption Is Set to Expire—Are You Prepared?” from… Read More »

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What Should We Know about Elderly Home Care and Depression?

By Fisher Law LLC |

For older adults, a variety of issues, such as loss of vision, social isolation, mobility problems and memory issues can make enjoying life more difficult. The Laconia Daily Sun’s recent article entitled “Elderly home care and depression: Symptoms and prevention tips” asks, why is it important for seniors to focus on mental health? Research… Read More »

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The Wrong Power of Attorney Could Lead to a Bad Outcome

By Fisher Law LLC |

There are two different types of advance directives, and they have very different purposes, as explained in the article that asks “Does your estate plan use the right type of Power of Attorney for you?” from Next Avenue. Less than a third of retirees have a financial power of attorney, according to a study… Read More »

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Estate Planning Actions to Consider before 2020 Ends

By Fisher Law LLC |

When it comes to estate planning, there’s no such thing as a “one-size-fits-all” solution. That is especially true before a presidential election. However, there are several factors that should be considered and discussed with your estate planning attorney, as recommended in this recent article from The National Law Review “Top Ten Estate Planning Recommendations… Read More »

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What Doesn’t Medicare Cover?

By Fisher Law LLC |

Medicare Part A and Part B, also known as Original Medicare or Traditional Medicare, cover a big part of your medical expenses after you turn age 65. Kiplinger’s recent article entitled “7 Things Medicare Doesn’t Cover” reviews what isn’t covered by Medicare, plus information about supplemental insurance policies and strategies that can help cover… Read More »

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How Much Power Does an Executor Have?

By Fisher Law LLC |

The Pauls Valley Daily Democrat’s recent article entitled “It doesn’t end with the will” explains that there’s constant confusion about wills. This misunderstanding involves the scope of power of those named in the will as the personal representative (or executor) of the decedent’s estate. Let’s try to straighten out some of these myths or… Read More »

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