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Heritage Law Office Blog

Does a Will Avoid Probate?

Posted by Noah Sarkauskas | Sep 14, 2021 | 0 Comments

Probate is the process of administering the estate of the person who passed by gathering their assets, paying their liabilities, and distributing the remaining assets to the beneficiaries. Trusts, when properly setup and funded, can avoid probate. The question is: Does a will avoid probate? D...

Should I Put My House in a Trust?

Posted by Brad Sarkauskas | Aug 23, 2021 | 0 Comments

The answer is probably yes. Depending on your situation, it may be yes, even more. Revocable Living Trust One of the wonderful things about revocable living trusts is there are very few downsides. If you are not familiar with a revocable living trust, I like to think of a trust as a bucket. The...

Should I Gift My House to My Children?

Posted by Brad Sarkauskas | Aug 16, 2021 | 0 Comments

I am often asked by clients whether or not they should gift their house to their children. You're not going to like this lawyerly answer, but, it depends. What are you trying to achieve? Should I Gift My House to My Children? If you are transferring your house to your child as a gift with the i...

Hybrid Insurance for Long Term Care Coverage

Posted by Brad Sarkauskas | Jun 08, 2020 | 0 Comments

You have probably heard about the astronomical costs of nursing-home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn't seem like a good bet either, if you've heard horror stories about skyro...

Study Provides New Insights on Parkinson’s Disease

Posted by Brad Sarkauskas | Jun 01, 2020 | 0 Comments

Parkinson's disease is a neurodegenerative disorder that causes a progression of symptoms including, body tremors, limb rigidity, Bradykinesia (slow movement), as well as balance and gait problems. The cause of Parkinson's disease (PD) remains largely unknown. One well-known indicator of PD is ...

Millennials Plan Ahead for Financial Freedom

Posted by Brad Sarkauskas | Apr 13, 2020 | 0 Comments

Millennials include fiscally conservative, savings oriented, and future planners seeking financial freedom as core attributes. A large part of millennials' formative years was influenced by the US sub-prime mortgage crisis beginning in 2007, shortly followed by an international banking crisis, ...

When an Inheritance is Not Always A Good Thing

Posted by Brad Sarkauskas | Mar 30, 2020 | 0 Comments

Say your spouse is living in a nursing home because of advanced Parkinson's. Your spouse is currently receiving Medicaid benefits to pay for the high cost of that care. If you were to pass before your spouse, you wouldn't want your spouse to inherit all your life savings, no matter how much you...

Retirement Planning Trends are Changing

Posted by Brad Sarkauskas | Mar 10, 2020 | 0 Comments

In France, proposals to raise the retirement age are met with street protests. Yet around the world, the retirement age is creeping up; in the United States, it is moving up from 65 to 67. In fact, 2019 research shows that many Americans expect that they might never retire at all. People simply...

Americans are Facing a Long Term Care Crisis

Posted by Brad Sarkauskas | Feb 17, 2020 | 0 Comments

Americans are facing an escalating long-term care (LTC) crisis. Industry driven, massively underpriced policies are playing fiscal catch up with hefty premium rate increases. This price increase is forcing some aging Americans to abandon their policy while others struggle to reduce their amount...

Calculating the Hidden Costs of Alzheimer’s Disease

Posted by Brad Sarkauskas | Feb 10, 2020 | 0 Comments

When policymakers consider the costs of dementias like Alzheimer's disease, they consider both direct and indirect costs. Direct costs, in this instance, are the medical and social/non-medical care costs related to dementia; on average, expenses included $273 per month spent on medical supplies...

Your Retirement and The SECURE Act of 2020

Posted by Brad Sarkauskas | Feb 03, 2020 | 0 Comments

Congress has passed a bipartisan appropriations bill. In the contents of this spending bill is a piece of legislation known as the Setting Every Community Up for Retirement Enhancement Act (SECURE), the first significant change in retirement legislation since the Pension Protection Act in 2006....

Planning for Your Blended Family

Posted by Brad Sarkauskas | Jan 27, 2020 | 0 Comments

Couples often bring children into a marriage from a prior marriage or union and then have children together. This is often referred to as a blended family. Blended families highlight the need for careful estate planning to make sure the needs of each spouse are met, as well as the needs of each...

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