Pandemic Payments Now Won’t Affect SSI Benefits or Eligibility
Pandemic-related financial assistance will no longer affect an individual’s eligibility for Supplemental Security Income (SSI) or the...
Law Office of
Eric M. Kearney, LLC
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erickearney
- Sep 1, 2021
- 2 min
Leaving an IRA to a Special Needs Trust Is No Longer Such a Bad Idea
The SECURE Act, passed at the end of 2019, changed a number of rules regarding inherited IRAs, making it more difficult for most...
64 views0 comments
erickearney
- Jul 1, 2021
- 3 min
Why Everyone Should Have an Estate Plan
Do you have a will? A durable power of attorney? A health care directive? If so, no reason to read on. If not, why not? Failure to create...
43 views0 comments
erickearney
- Jul 1, 2021
- 3 min
Tips When Hiring a Caregiver for a Child with Special Needs
Hiring a caregiver for someone with special needs can be a daunting task. Not only do you have to find a person with the experience,...
17 views0 comments
erickearney
- Jun 8, 2021
- 3 min
How an Irrevocable Life Insurance Trust Can Be Used to Avoid or Reduce the Estate Tax
With the federal estate tax exemption possibly about to be lowered, it may be time to think about steps you can take to keep your estate...
17 views0 comments
erickearney
- Jun 2, 2021
- 2 min
Court Case Illustrates the Danger of Using an Online Power of Attorney Form
A recent court case involving a power of attorney demonstrates the problem with using online estate planning forms instead of hiring an...
19 views0 comments
erickearney
- Apr 16, 2021
- 3 min
9 Potential Problems with Your Trust
All trusts should be reviewed every few years to make sure that they are up-to-date with the law and meet your current goals. Following...
26 views0 comments
erickearney
- Apr 6, 2021
- 2 min
The Durable Power of Attorney: Your Most Important Estate Planning Document
For most people, the durable power of attorney is the most important estate planning instrument available -- even more useful than a...
21 views0 comments
erickearney
- Apr 2, 2021
- 3 min
An ABLE Account Could Be a Great Place for Your $1,400 Relief Payment
President Biden has signed the $1.9 trillion American Rescue Plan into law. Among its benefits are $1,400 checks that are already...
13 views0 comments
erickearney
- Feb 1, 2021
- 3 min
Questions to Help You Choose the Right Professional Trustee for Your Special Needs Trust
Parents or other family members establishing a special needs trust for their child often want to name a professional -- usually a bank,...
68 views0 comments
erickearney
- Feb 1, 2021
- 3 min
Married Couples Need an Estate Plan
Don’t assume your estate will automatically go to your spouse when you die. If you don’t have an estate plan, your spouse may have to...
22 views0 comments
erickearney
- Sep 2, 2020
- 3 min
When Should You Update Your Estate Plan?
Once you've created an estate plan, it is important to keep it up to date. You will need to revisit your plan after certain key life...
10 views0 comments
erickearney
- Apr 3, 2020
- 4 min
Estate Plans with IRAs, The Secure Act's Effects
Both workers and retirees may need to rethink some of their estate planning in light of the newest spending bill. The Setting Every...
38 views0 comments
erickearney
- Apr 2, 2020
- 1 min
POMS Update Clarifies That ABLE Money Can Pay for Food
The Social Security Administration (SSA) has issued a transmittal updating its Program Operations Manual System (POMS) to clarify...
18 views0 comments
erickearney
- Apr 1, 2020
- 3 min
Coronavirus Provides Reasons to Review Your Estate Plan
The coronavirus health emergency is a reminder that life is unpredictable, and it makes sense to be prepared.
5 views0 comments
erickearney
- Apr 1, 2020
- 4 min
How to Assist Aging Parents During the Pandemic
If your parents are getting on in years, you may be helping them with their finances and other matters, such as medical visits and...
10 views0 comments
erickearney
- Mar 11, 2020
- 2 min
Make Sure Your Life Insurance Is Not Taxed at Your Death
Although your life insurance policy may pass to your heirs income tax-free, it can affect your estate tax. If you are the owner of the...
4 views0 comments
erickearney
- Mar 3, 2020
- 3 min
Estate Planning Is Essential for Unmarried Couples
While estate planning is important for married couples, it is arguably even more necessary for couples that live together without getting...
9 views0 comments
erickearney
- Mar 2, 2020
- 2 min
Resolving Conflicts Between Co-Agents on a Power of Attorney
Thoughts on resolving conflicts between co-agents
8 views0 comments
erickearney
- Feb 14, 2020
- 1 min
Talking with Parents About Retirement
Here is a great article in the NYT about having that difficult conversation with your parents about whether they are ready for...
5 views0 comments