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July, 2018 | Knapp Law Firm, PC

Monthly Archives: July 2018

Retirement Assets

Retirement Assets
Q.    Can I pass my retirement assets by will? A.    Maybe, but are you sure you want to? If you are talking about a pension probably not because it is governed by a contract and very likely federal laws.  Distribution on death is limited to the choice you selected at retirement and usually further limited…
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Mistakes in Wills

Mistakes in Wills
Q.    What mistakes should a person avoid when doing a will? A.    I have chosen the five[i] following mistakes to avoid. NOT HAVING A WILL IN THE FIRST PLACE IS A BIG MISTAKE PEOPLE MAKE.  They think they have nothing worth addressing and so they don’t make a will.  Or they might believe some bad…
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Medicaid Application Self Help

Medicaid Application Self Help
Q.    Should I complete a Medicaid application for my Mother on my own? A.    It depends. •    How organized and knowledgeable are you of Mom’s financial situation for the past five years? •    How old is your Mother and are you seeking community long term care (care in the applicant’s home) or nursing home care?…
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Fraudulent Transfers

Fraudulent Transfers
Q. My mother has some fault in a small car accident. I’m concerned that she doesn’t have enough car insurance and think she should place her life savings beyond the reach of a lawsuit. Your thoughts? A. Your Mother’s insurance agent can best advise on whether she needs additional coverage. As a general rule the…
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