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 […]
Estate Planning During a Pandemic
Whether you are young or old, COVID-19 has us all thinking about our mortality and health more these days. This pandemic took us all by surprise, did you have your affairs in order before? According to one study, approximately 1/3 of all Americans did not have an up-to-date estate plan as of 2017. We expect […]
Aging in Place: Tools and Technology for Seniors and Caregivers
Technology is central to 21st century life in America. It’s also becoming surprisingly popular among senior populations as tech companies target this growing market demographic. By 2030, AARP projects that close to 132 million Americans aged 50 or more will spend more than $84 billion annually on technology products. Today, 91 percent of people aged 50 […]
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 […]
Why You Need a Will
Wills and trusts are an essential part of estate planning, and they should be an essential part of planning your life. Many of us like to focus on planning our careers, where we live, and our family lives. Planning the end of your life by completing a will is one important part you don’t want […]
Alzheimer’s Disease: What to Know for Your Estate Plan
Did you know that there are over 400 different types of dementia? The number of different types is staggering but the most common cause of dementia is due to Alzheimer’s disease. At least, that’s what the Alzheimer’s Association‘s published 2020 Facts and Figures reports. Other relatively common types of dementia include vascular, Lewy Body disease, […]
When It’s Time To Designate a Power of Attorney
One of the biggest questions we may ask ourselves is who we should trust to manage our financial and healthcare decisions when we no longer have capacity to do so ourselves. This is a tough question for some because designating a power of attorney (POA) is a decision of trust, something not to be taken […]
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 […]
