The Larry King Legacy
Larry King, the legendary talk-show host, lived a long and successful life. He hosted “Larry King Live” for over 25 years, married seven women, and had five children. Despite many years of health problems, he died at the old age of 87 on January 23, 2021. While the exact cause of his death was still […]
Estate Planning Terms to Know
National Estate Planning Awareness Week was first established in 2008 to help the public gain a better understanding of the importance of estate planning. Estate planning is one of those things that everybody needs to do, yet only approximately half of Americans have an up-to-date estate plan in place. Regardless of your age or financial […]
Should I Add My Kids to My Bank Account?
Many clients walk into Michaelson Law saying that they want to leave their bank accounts to their children after death. The easiest solution might be to just make the children joint owners, but that is not always the best course of action. Risks of Joint Ownership The idea of making your kids joint […]
John Michaelson Talks Estate Planning on Channel 13 Morning Blend
Did you catch Michaelson Law on Channel 13, Las Vegas Morning Blend? John Michaelson had the opportunity to speak more about estate planning and the importance of estate planning in Nevada. Some key takeaways from John’s interview include the following: Estate planning is important for people of all ages. Estate planning consists of saying what you want […]
COVID-19 Panic Has Americans of All Ages Thinking About Estate Planning
The COVID-19 virus has taken over our lives and many people are thinking about how they and their families are protected. With more people getting sick and experiencing the loss of loved ones, there has been an explosion in the numbers of Americans rushing to make their will and living trust. According to Caring.com, the […]
Power of Attorney: Misconceptions and Myths Busted
Obtaining a durable power of attorney is one of the most important and powerful estate planning moves you can make. It allows someone who you appoint (referred to as your agent) to make decisions on your behalf in the event you become incapacitated. If you have no power of attorney, then your loved ones may […]
New Law Makes it Easy to Report Elder Financial Abuse
The Economic Growth, Regulatory Relief, and Consumer Protection Act was signed into law on May 24, 2018. There are a few important factors of the Act to keep in mind: There is a section in the Act that was once a stand-alone bill from Sen. Susan Collins (R-Maine)– designed to encourage elder (age 65 and […]
THE NEW 199A REGULATIONS AND YOUR BUSINESS
New Tax Savings Opportunities Wondering about the new Section 199A deduction in 2018? The deduction became effective on January 1, 2018, but guidance on how it would be calculated has been the topic of much speculation. Congress delegated the job to the Internal Revenue Service (IRS), and it’s finally coming to light. For months, we’ve […]
Prenups: Not Just For Movie Stars
George and Ginny had a great marriage, with an extended family to whom they wanted to leave everything when they passed. Unfortunately, Ginny was then diagnosed with cancer. She began to worry: What could happen if she died before George did, and George remarried? Or vice versa? What if the second spouse started pushing to […]
