Blog
February 5, 2021
Recent Update on Eviction Moratorium in California
For landlords, property owners and real estate investors attempting to keep their properties in a positive cash-flowing position, eviction legislation in CA has changed yet again. Many landlords were expecting to be able to begin evictions in February 2021. However, on January 29th the California Statewide Eviction Moratorium, via Senate Bill 91, was extended through June 30, 2021.
January 21, 2021
KICK-START YOUR TAX-ADVANTAGED CONTRIBUTIONS INTO AN ABLE ACCOUNT IN THE NEW YEAR!
Considering a fresh, New Year has finally arrived, there’s no better time to begin planning how to use and fund an ABLE account. Achieving a Better Life Experience (ABLE) Accounts are tax-advantaged, savings accounts for individuals with disabilities. The beneficiary of this type of account is the account owner and income earned by the ABLE accounts cannot be taxed. If you are funding an ABLE account for someone, consider these five tips in this article written by Lee Ann Hitchman, CLPF/MBA and Licensed Professional Fiduciary.
January 4, 2021
Holiday Reflections—Support for Loved Ones with Dementia in the New Year
With 2020 now in the rear view mirror, the added hustle and bustle of the holidays behind us, and considering this past year has been one of the most challenging years on record, ideally we’ll have more time to focus on our loved ones struggling with neurocognitive disorders and memory challenges. In this article written by Lee Ann Hitchman, CLPF/MBA and Licensed Professional Fiduciary, you will discover ways to spend the holidays with those who suffer with cognitive impairment.
December 29, 2020
Protecting Your Love Ones, Your Legacy, and Your Assets In the New Year Ahead
Especially considering last year’s global health issues, the new year is an ideal time to refresh or create an estate plan to provide for those you love, protect your assets, and secure your legacy you’ve worked hard to build. By discussing your objectives with a team of trusted professionals—often including an estate planning attorney, financial advisor and tax planner—you can craft the very best solution for your loved ones. In this article LeeAnn Hitchman, CLFP/MBA and Founding Partner at Hitchman Fiduciaries, explores strategies for special needs considerations and discretionary spending and why estate planning is so important.
October 23, 2020
Tips for Successor Trustee Selection
When it comes to selecting a successor trustee, there are many factors and choices that need to be considered when making this important decision. Family members and close friends are most often chosen for this role, because it can be perceived as an honor to serve the family in this way and there is an expectation this option will be less expensive. But, major issues and challenges can ensue when family members and friends serve in this way, that can cause major headaches and unneeded drama.
October 15, 2020
Estate Planning Matters Especially In the Age of COVID-19
The rapid escalation of the coronavirus pandemic has motivated individuals and families to be more proactive and get their affairs in good order. Many are reviewing and revising—or even creating for the first time—an estate plan with the support of an experienced attorney. Without an estate plan, you will become more reliant on state laws and probate courts to appoint someone who will be ultimately responsible for your financial affairs and critical health-care decisions.
October 7, 2020
What to Look for in a Professional Fiduciary (Trustee)—Especially during a COVID-19 Pandemic and Aftermath
Has your estate planning or elder care attorney ever mentioned, “You’d be wise to get your affairs in order?” For elderly individuals without immediate family members, it can be extremely difficult to decide who to appoint as their power of attorney or health care surrogate. Learn about the important role of a fiduciary— and how choosing the right one can provide support for you and/or your loved one during a difficult season in life.
September 24, 2020
Five Tips to Protect Against Elder Abuse during the Covid-19 Pandemic
As we continue to experience living in a Coronavirus/COVID-19 climate, we’ve learned elders are particularly susceptible to the effects of this illness and the many negative ways it has impacted their daily lives. As a result, many precautions have been taken to protect this demographic, especially with respect to exposure to the virus.
April 22, 2020
Six Key Nutrients That Seniors Must Have for Better Health—Now More Than Ever!
Considering the challenge that the COVID-19 crisis has created, especially for seniors, now more than good nutrition is more important than ever before. Getting to the grocery store is more difficult, even with set aside hours for the elderly. And with over-loaded, on-line, food-delivery services, meal-planning for seniors just got a whole lot more complex.
April 15, 2020
ABLE Accounts – Tax Advantages for Those Living with Disabilities
The Achieving a Better Life (ABLE) Act of 2014 allows States to establish programs, for eligible individuals with disabilities, and enable them to participate in a tax advantaged savings program. This benefit does not impact the “government means test benefits,” as long as the account within the account is under the allowed maximum.