A person who receives assets from another whether through inheritance or by being named in a document such as insurance policy is called a beneficiary.
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June 6, 2019
Published by Richard K. Abraham, Esquire on June 6, 2019
Categories
Your estate plan needs to change with life events. Divorce, marriage, and having children are some of the few things that truly can affect every aspect of your life.
March 22, 2019
Published by Richard K. Abraham, Esquire on March 22, 2019
To qualify for Medicaid, a Federal program wherein the government pays a portion if not all of an elderly patient’s long-term care costs, an applicant cannot own more than $2,500 in countable assets.
February 24, 2019
Published by Richard K. Abraham, Esquire on February 24, 2019
Categories
Planning for a future after you die is never fun, but it is one of the best ways we can protect and help the ones we love. Selecting the correct beneficiaries of your estate is a task nobody relishes, but it is nonetheless important.
January 17, 2019
Published by Richard K. Abraham, Esquire on January 17, 2019
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Are you divorced or in the middle of a divorce proceeding? If so, you should review your estate planning documents, ownership titles on your assets and named beneficiaries.
January 6, 2019
Published by Richard K. Abraham, Esquire on January 6, 2019
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Understanding Supplemental and Special Needs Trusts is the first step to ensuring future financial stability for any loved ones receiving disability benefits from the government.
November 20, 2018
Published by Richard K. Abraham, Esquire on November 20, 2018
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While experts have and will continue to debate the benefits and costs of the 2017 tax reform for consumers, one clear benefit is the expansion of benefits from the use of a 529 Education Savings Account.
February 9, 2018
Published by Richard K. Abraham, Esquire on February 9, 2018
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Reviewing contracts that control our accounts and asking questions about those agreements has become a necessary component of estate planning.
September 1, 2015
Published by Richard K. Abraham, Esquire on September 1, 2015
Today, it is possible to re-title the ownership of many assets by adding a beneficiary. When the asset is real property, for example your house, this occurs through the use of a life estate deed.
April 17, 2015
Published by Richard K. Abraham, Esquire on April 17, 2015
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There is a common misconception that all real and personal property will pass through an individual’s estate upon his or her death. Though, some assets avoid the probate process altogether depending on how the property is titled.