Establishing a plan for your eventual passing is not something that often comes to mind when thinking about the future. A recent study showed that 58% of baby boomers and 81% of those 72-years of age and older already have estate planning documents. For millennials, defined as those born between 1982 and 2004, 78% do not have such a plan. Younger members of society should know that failure to prepare […]
Though having a valid and proper will is obviously an important step all adults should take, more can still be done to ensure loved ones are taken care once we’re gone. In particular, the use of an estate plan address numerous critical areas of concern, including what happens following a person’s passing, the reasons behind why these steps were taken, and designating the proper person or parties to ensure these […]
Comic-book icon Stan Lee is best known for playing a large role in creating some of today’s best-known cinematic superheroes, including Spider-Man, Black Panther, and Iron Man. Thanks in large part to his creative role in these endeavors, Lee has also amassed an estimated net worth of approximately $50 million. However, despite his fame and considerable worth, Lee has also allegedly been the victim of elder abuse and financial exploitation. […]
Effective immediately, the net estate of a resident of New Castle County dying on or after July 1, 2018 is subject to a 0.25% Technology Fee, in addition to the normal 1.75% Probate Fee. This makes the total probate costs 2% of the net estate. New Castle County is currently the only county that imposes this extra charge. Kent County has a Probate Fee of 1.75%, while Sussex County charges […]
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Seniors as Fraud Victims
Every year, millions of elderly Americans are the target of various forms of telemarketing and internet fraud. Due in large part to seniors having a lifetime of accumulated savings, they tend to be attractive targets for financial predators. Fraud targeting the elderly takes many forms, including posing as a grandchild or IRS employee. Grandparent schemes are particularly dangerous because they play directly to emotions. One such example occurs when an […]