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 to a...Read more
About: Linda Knapp
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Recent Posts by Linda Knapp
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...Read more
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? • Would you consider...Read more
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 minimum...Read more
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