Many people will depend on Social Security for retirement income. Because Social Security is such an important part of retirement, maximizing what you get is vital. Here are some important points to understand. First, the retirement age rises gradually. If you were born after 1960 the retirement age is 67. That means that if you… Continue Reading
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Hugg & Associates PLLC is a boutique law firm providing client-centered services to individuals and businesses. Our practice focuses on all aspects of elder law, estate planning, asset protection, business succession planning, probate and trust administration. If you are a business owner, in addition to the above services, we are experienced business, real estate, and contract law attorneys.
Social Media and Elder Abuse in Nursing Homes
As social media platforms increase, the lines are being blurred on what is acceptable to post online. There have been instances in nursing homes where a patient’s privacy has been violated. Nursing home attendants have posted embarrassing and degrading pictures of their patients on social media, namely Snapchat and Facebook. Unfortunately, many patients fail to… Continue Reading
Using Your Assets for Good Can Trigger Medicaid Penalties
If you are in good health and are helping your children or another family member pay for their bills with your money, then fall ill, and apply for Medicaid all within a five year period, you may be viewed as having transferred assets to qualify for Medicaid. If this happens the state will almost certainly… Continue Reading
Estate Planning for DINKs (Double Income No Kids)
If you are married and do not have kids, you might think that you do not need to make an estate plan. However, if you do not create one, the state law governs distribution of your assets. If however, you want to leave your estate to family, friends, or charity, you need a written estate… Continue Reading
Update Your Beneficiaries After Major Life Changes
It is easy to forget about changing your beneficiaries for retirement plans, investment accounts, insurance policies and your IRA, but if you have recently gotten divorced or remarried or had a death in the family, it is important to update these designations. Your spouse is the primary beneficiary of your 401(k), unless they sign a… Continue Reading
