When you change employers, you typically have several options for your retirement savings: You can leave the money where it is, roll it into an individual retirement account, move it into a new employer’s plan, or cash it out. Each choice affects your taxes, access to funds, and long-term growth in different ways. Most […]
Seniors
Part 2: When Are ‘Capacity’ and ‘Undue Influence’ Challenged?
Bridget MacKay with MacKay Dressler Law Firm. Now we’re back on the subject of capacity versus undue influence. I’ve already described what capacity means to create an estate plan, whether that’s a will or a trust. But I want to talk a little bit about undue influence, which is a very different concept. Undue influence […]
Part 1: What Do ‘Capacity’ and ‘Undue Influence’ Really Mean?
Hi, I’m Bridget MacKay with MacKay Dressler Law Firm. And today, we’re going to talk about two legal concepts that come up often for us in estate planning, but are often misunderstood. And that’s capacity and undue influence. So capacity really goes to whether or not someone understands what they’re doing. And it’s not […]
How to Know When It’s Time to Downsize
You’ve lived in a home you love for many years. It’s the place where you’ve raised your children and created many happy memories with family and friends. While you may not want to admit it, you may have to ask yourself whether it’s time to sell your home and move to a more affordable […]
Tale of Caution: The Cost of a Kind Heart
Hi there, Bridget MacKay at MacKay Dressler Law Firm. And I want to give you what we used to call, or have called, if you go way back in our archives, a Tale of Caution. Recently, I had someone come to me whose brother is older. He’s still competent, but he lives on his […]
When Is the Right Time to Move into Assisted Living?
No one wants to think about giving up the independence they have enjoyed all their lives. However, as we age, we experience physical and cognitive changes that may require us to rely on others to complete activities of daily life. When a parent lives independently, this means they are responsible for themselves and can participate […]
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