Month: December 2008

Buy Long Term Care Insurance NOW

Check out this article by Professor Katherine Pearson of Penn State Dickinson School of Law:  Evaluating Long-Term Care Insurance in a Troubled Economy   “I’m not going into a nursing home, and I’m not spending my money on nursing home insurance.” How many times have I heard that? If you can comfortably afford $9,000 a… Read More

Tax Humor (not an oxymoron)

2008 Tax Offender of the Year Russ Fox of Taxable Talk tells the story:   “Mr. Beale directed the bookkeeper at his company to first not withhold taxes on the $700,000 and then to pay him through an offshore shell company. He began to file statements with the IRS claiming he didn’t have to pay… Read More

How to Revoke a Will

A will can be revoked by operation of law, by some physical act performed on the will with intent to revoke, or by a subsequent written instrument, meeting the statutory requirements. Revocation or modification by operation of law refers to statutory provisions that modify or revoke will provisions in the event of marriage, divorce, birth… Read More

Should you have a Marriage Contract?

A little boy asked his father, “Daddy, how much does it cost to get married?” And the father replied, “I don’t know, son, I’m still paying for it.” Should you have a marriage contract? It’s a misleading question, as pointed out by the National Resource Center for Consumers of Legal Services. The fact is, if… Read More