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Kiplinger’s recent article, “Rolling over Retirement Savings to a Health Savings Account,” advises that you can make a tax-free rollover into an HSA (health savings account) from an IRA—but not from a 401 But if you have a 401(k) from a former employer, you may be able to make the move by rolling it over This year you need to have a health insurance policy with a deductible of at least $1,300 for individual Reference: Kiplinger’s (April 20, 2016) “Rolling over Retirement Savings to a Health Savings Account”

The largest asset most people have is their family home. You should also have your will, general power of attorney, advance health care directive or other estate That said, Medicaid will have an automatic lien on any interest in a residence in your name equal to the amount of Medicaid funds you receive. Private funds have to be used. There are exceptions for undue hardship but these are rare.

These allow people to officially communicate their health care decisions in the event that they cannot They cover only health care decisions; other documents can be created to help with financial decisions Health Care Directive Estate Planning in Houston Texas residents may want to contact an estate planning attorney to help them create their advanced health care directive. These legal documents can also play a crucial role for families planning for the health and financial

Viacom Chief Executive Philippe Dauman sought to calm investors worried about the ailing health of Executive Redstone is the controlling shareholder of both Viacom and CBS Corp, and his health has been steadily She claims that his health took a turn for the worse in September and that he no longer enjoys his favorite The seven trustees would have a fiduciary responsibility to exercise, Dauman said. Herzer’s lawsuit seeks to have Redstone declared mentally incompetent.

care power of attorney or health proxy. A health care power of attorney is critically important when a child has a health emergency at college Insurance Portability and Accountability Act (HIPAA). Your child is an adult, so you can’t call the health center at college and get his or her detailed health Some of the more detailed proxies have a questionnaire that runs through end-of-life or advanced “health

Understanding Joint Bank Accounts A joint bank account is a type of bank account that is opened by two This type of account allows all account holders to deposit and withdraw money, write checks, and conduct In most cases, each account holder has equal ownership of the account and is responsible for any debts or overdrafts on the account. Bank policies — Banks may also have specific policies regarding how you should treat joint accounts

account holder dies. account. Beneficiaries have a number of choices when it comes to distributing the funds in the account, many of may be due on the account. holder’s death or the year that the account holder would have turned 72, whichever is later.

One thing that people often do is to add their child’s name on their bank accounts. They believe by doing so, their child will have immediate access to the money rather than having to deal Another thing that people try is to add their child’s name to their property deed to avoid having to This means that any decision, like selling the property, will have to be approved by both of you.

With this, you’ve amassed a great amount of wealth. in a carefully planned trust is the best way to perpetuate, preserve, and protect your wealth. for, counteracting the three primary forces that erode wealth over multiple generations. Studies have shown that as a result of these forces, financial wealth often doesn’t last beyond the third It takes careful planning to make wealth last.

Fewer than half of adult Americans have estate planning documents. Forbes in “The Difference Between Having an Estate Plan and A Wealth Transfer Plan.” and a wealth transfer plan. A wealth transfer plan is a strategy that you undertake to prepare your heirs for their inheritance, Reference : Forbes (July 1, 2016) “The Difference Between Having an Estate Plan and A Wealth Transfer

Transcript: Will I have to go under a guardianship? Guardianship in Texas is a protective legal process where a court appoints a guardian to have partial

One way to ensure that your assets go to the people you want is to have a comprehensive estate plan to If you do not have an estate plan, you may be surprised to learn that your wishes will not always be Let’s look at why you should have an estate plan and what could happen if you do not. At a minimum, you should have a will and powerful powers of attorney. sit down with our team at Your Legacy Legal Care, you’ll avoid many potential financial, legal, and health