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May, 2019 | Knapp Law Firm, PC

Monthly Archives: May 2019

Irrevocable Trusts

Q. How do I know if I need a revocable or irrevocable trust? A. You should consult with a legal professional that handles both kinds of trusts.  Provide a clear explanation of your goals and the assets you are planning to use to fund the trust including any life insurance you plan to purchase or…
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Guns and Dementia

Q. My elderly father is often confused and agitated.  I am concerned because he has loaded guns in the house.  What can I do? A. Short of bringing a protective or guardianship action, I suggest you consider addressing the matter with your father’s doctor.   Possibly you have a health care power of attorney for your…
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Digital Assets

Q. Any updates on how a fiduciary accesses digital assets? A. South Carolina passed the Uniform Fiduciary Access to Digital Assets Act in 2016 which gives agents under a duly authorizing power of attorney, or a trustee, personal representative and conservator (ie. legal fiduciaries) access to a person’s online accounts, correspondence and other computer files,…
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Tax Credit 2019

Q. I have claimed my mother as a dependent in the past for tax purposes.  Are there any tax breaks left to help me with those high in-home care expenses? A. Maybe.  It is true you can no longer claim your parent as a personal exemption due to the changes created by the Tax Cuts…
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