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Mackay Dressler Law Firm

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The Top Legal Concerns for the Elderly

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You may have to make difficult decisions while you still have the mental and physical capacity to deal with financial, legal and health care issues. Personal and health affairs management, estate planning and administration, and long-term care and how to pay for assisted living or nursing home care are needs that must be addressed by […]

What Are Key Trust Problems?

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  A trust is an estate planning document that disposes of your assets after your death. Trusts are an effective planning tool for those with detailed plans for their worldly goods. Will your trust achieve the purpose it was created for? Not if you make one of the following errors: Failure to fund. You have […]

How To Choose a Funeral Home

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After a death in the family, it’s natural to feel overwhelmed. However, if you’re the next of kin or the agent of the deceased, you have responsibilities. The good news is that you can — and, in some states, you must — hire a funeral director who will take care of most of the arrangements. […]

The Tax-Advantaged Path to Retirement

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Let’s start with the traditional individual retirement account, the most common type of IRA. IRAs let earnings grow tax deferred. Individuals pay taxes on investment gains only when they make withdrawals. Depositors may be able to claim a deduction on their individual federal income tax return for the amount they contributed to an IRA. What […]

Cultural Issues in Estate Planning

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Cultural Issues in Estate Planning Every family will approach death and dying from a cultural perspective. Nevertheless, you have to prepare for the inevitable. For example, an elderly parent is relying on you for care and yet doesn’t put documents in place to allow you to provide that care, the results of which can be […]

Estate Planning Issues After 65

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Estate Planning Issues After 65 Your 65th birthday is a landmark date for many, as you plan for your senior years. There’s a lot to think about, and your decisions will be based on your income and savings and on your long-term goals. Below is a summary of the major issues. Sign up for Medicare […]