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Our blog | Knapp Law Firm, PC - Part 22

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As a single mom in my 40’s I’m embarrassed to say I’ve done nothing about estate planning.

As a single mom in my 40’s I’m embarrassed to say I’ve done nothing about estate planning.

A recent medical scare has caused me to pause and now consider planning a priority. Any words of wisdom before I do a will? About 73% of parents have no will and some that do are unaware that their kids are not fully protected by their existing estate plan. So here are some common issues…

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I have an IRA and depend on it for retirement income

I have an IRA and depend on it for retirement income

But as my largest asset I want to be sure I can leave it to my three children and avoid probate. What should I do? Individual retirement accounts or IRAs were often overlooked or disregarded when estate planning was undertaken, but as a result of 401k and pension plan rollovers IRAs hold approximately 27% of…

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My husband and I gave some of our land to build a home and recently loaned money to pay off our son’s mortgage.

My husband and I gave some of our land to build a home and recently loaned money to pay off our son’s mortgage.

He and his wife have made no effort to pay us back. They are both in good health and employed, but always say they are short of money. When we brought up the subject our son, an only child, indicated it was no sacrifice on our part as the funds were part of an insurance…

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I am 57, single and applying for Social Security disability. Any suggestions?

I am 57, single and applying for Social Security disability. Any suggestions?

Here are 10 tips that can help anyone applying for disability. 1. Know which SSA disability program(s) you qualify for. Have you worked enough quarters to draw off your own earning record? (DIB) But even if you haven’t worked enough quarters or it’s been more than five years since you last worked, you might qualify…

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