You likely have a loved one that is elderly and that may be particularly vulnerable to elder abuse and neglect. If so, there are things you can do to protect your loved one from becoming a victim of elder abuse. Learning everything you can about elder abuse and neglect with particular emphasis on learning to recognize the signs of elder abuse and neglect is a good place to start. To help you do that, the Essex Junction elder law attorneys at Unsworth LaPlante, PLLC help you spot the signs that … [Read more...] about What You Need to Know about Elder Abuse
BLOG
How to Apply for Senior Medicaid in Vermont
During your retirement years, there may come a time when you need help paying for health care expenses that are not covered by Medicare. Fortunately, Medicaid may be able to help. You need to know how to determine if you qualify and how to apply though. Toward that end, the Essex Junction Medicaid planning attorneys at Unsworth LaPlante, PLLC explain how to apply for senior Medicaid in Vermont. Will You Need to Qualify for Medicaid? Seniors often turn to Medicaid to help cover the high … [Read more...] about How to Apply for Senior Medicaid in Vermont
Planning for the “Silver Tsunami”
As the population over the age of 65 continues to grow, unique problems arise. For example, many seniors may have never married, or outlived their spouse and lack confidence that someone will help them make financial and health decisions as it becomes more difficult or when they become incapacitated. A qualified Estate Planning practitioner can provide guidance to address the issues unique to the solo senior. Read on to learn more. … [Read more...] about Planning for the “Silver Tsunami”
Discharge of Indebtedness Income and Student Loan Forgiveness
While many taxpayers may be excited about the prospect of reduced loan balances as part of Biden’s Loan Forgiveness Program, they may have questions about the potential tax consequences of that forgiveness. Under normal circumstances, creditors that discharge debt issue a corresponding Form 1099-C Cancellation of Debt to the debtor for inclusion in that year’s income. While the administration works out the kinks in the loan forgiveness plan, it’s important to understand the current provisions of … [Read more...] about Discharge of Indebtedness Income and Student Loan Forgiveness
More than Just Salad Dressing: The Ongoing Saga of Newman’s Own Foundation
When a famous individual dies, it’s always interesting to see how they set up their estate, if they bothered to undertake estate planning at all. These cases provide great lessons for Estate Planning practitioners both about what to do, as well as about what to avoid. In some cases, even when celebrities take the time to set up a proper estate plan, things go wrong. Paul Newman’s estate represents one such situation. Read on to learn more. … [Read more...] about More than Just Salad Dressing: The Ongoing Saga of Newman’s Own Foundation
Does My 401(k) Account Count for Medicaid Eligibility?
One of the most popular, and important, components of a comprehensive estate plan is Medicaid planning. You may have made it through several decades without ever needing to qualify for Medicaid; however, that could change rapidly once you reach your retirement years if you need long-term care. You may have also heard several disconcerting things about Medicaid eligibility, most of which likely revolve around the loss of assets because of the need to qualify for Medicaid. If you have a 401(k) … [Read more...] about Does My 401(k) Account Count for Medicaid Eligibility?
Senior Care Options
As much as we prefer not to think about it, the reality is that the longer we live, the greater the odds are that we will need some type of care. The idea of ending up in a nursing home facility probably does not sit well with you. The good news is that there are numerous options for senior care that might help you avoid, or at least put-off, the need for nursing home care. Toward that end, the Essex Junction elder law attorneys at Unsworth LaPlante, PLLC explain various senior care options that … [Read more...] about Senior Care Options
Is an Oral Will Valid in Vermont?
One of the primary reasons for creating an estate plan is to avoid dying intestate (meaning without a Will or trust in place to distribute estate assets). What happens though, if a loved one who is on the verge of death makes a last-minute oral Will? Is that Will valid? The Essex Junction estate planning attorneys at Unsworth LaPlante, PLLC discuss the validity of an oral Will in Vermont. What Are the Basic Requirements for a Valid Will in Vermont? For any Will to be valid in Vermont, the … [Read more...] about Is an Oral Will Valid in Vermont?
Do I Need an Estate Plan If I’m Single Without Children?
A common misperception about estate planning is the belief that it does not become necessary until you marry and/or become a parent. This simply is not true. To make sure you understand when and why you need to start estate planning, an Essex Junction estate planning attorney at Unsworth LaPlante, PLLC explains why you need an estate plan even if you are single without children. Estate Planning Is about More than Just Planning for Your Death The mistaken belief that estate planning is all … [Read more...] about Do I Need an Estate Plan If I’m Single Without Children?
The Intersection of Asset Protection Planning and Estate Planning – Part II
As part of the Estate Planning process, an attorney explores numerous topics with the client to help create a unique plan tailored to the client’s circumstances. Many estate plans use a trust as the centerpiece of the plan. Some clients want to explore asset protection and let the attorney know they want to consider offshore planning. Sometimes, offshore planning works, but often it causes additional issues. Read on to learn more. … [Read more...] about The Intersection of Asset Protection Planning and Estate Planning – Part II
