What Reverse Mortgage TV Commercials Don’t Tell You

Posted on September 4, 2017 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Tom Selleck and other charming celebrities have pitched reverse mortgage plans to senior citizens for years in television ads like Selleck’s ad posted on YouTube. Mr. Selleck says reverse mortgages are not “too good to be true,” but should people believe him? Well, it depends… […]

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Avoiding Probate is Easy – But Not Always Wise

Posted on May 23, 2017 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] We have heard people tell us for decades that they want to “avoid probate.” They say it as if they want to avoid cancer. Most people have no idea what it is that they think they should avoid. Fewer people know that the “probate” concept […]

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Have You Withdrawn Enough from Your IRA This Year?

Posted on November 14, 2016 by Hawkins Elder Law.

The retirement plan concept leads us to believe that we should contribute as much as possible to IRAs and other tax-deferred retirement plans, and avoid withdrawing more than the required minimum distributions. While this strategy will maximize retirement plan growth and the likelihood that it will provide income late in life, it also sets up […]

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IRA Planning for Long-Term Care and Longevity

Posted on May 17, 2016 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] (Updated March 14, 2018) Hollywood actress Betty Davis was quoted as saying, “Old age ain’t no place for sissies.” Unfortunately (or fortunately, depending on how you view it) more people are reaching older ages today than ever (such as Ira Chestnut, pictured at left as a high […]

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2015 Year-End Tax Planning Traps and Opportunities

Posted on December 28, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Congress changes federal tax law almost every year. Some changes are very dramatic, and other changes are so subtle that tax lawyers must scour them to find the nuances. Federal tax law changes for the 2015 tax year (affecting income tax returns filed in 2016) […]

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Stretching Wealth & Protecting Inheritance

Posted on September 19, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Entrusting inheritance to family members requires some thought about how family members will manage the money. You’ve worked hard for your money and a poor steward can blow it in no time. Relatively simple planning can help build and protect a financial legacy for future […]

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Social Security Retirement Income Mathematics

Posted on September 12, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] The old saying that a bird in the hand is worth two in the bush works most of the time, but it may not apply for everyone concerning Social Security retirement income benefits. In fact, the Social Security system rewards people for delaying their retirement […]

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Are You Asking the Right Questions about Wills?

Posted on August 22, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] Financial experts often say that if you die without a last will and testament, the state will decide who gets your assets. That statement is true if you die owning assets without joint owners and without naming beneficiaries of bank accounts, insurance policies, retirement plans, […]

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Planning with Retirement Plans, Annuities, and Life Insurance

Posted on June 14, 2015 by Hawkins Elder Law.

Retirement plans, annuities, and life insurance policies are great tools to accumulate and protect wealth for some people. However, all investments require some attention to details regarding beneficiary designations and ownership choices. None of these tools fits everyone and some tools can be inappropriate for some people. A knowledgeable estate planning attorney uses these financial […]

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Joint Bank Accounts & Other Property Transfers To Survivors – Part 1

Posted on April 13, 2015 by Hawkins Elder Law.

[See our Disclaimers page about relying on this website’s contents.] This article is the first part of a two-part series of about joint bank accounts and other kinds of ownership of bank accounts and investments (Click here to read Part 2). We have seen many avoidable cases of error, fraud, and abuse over the years. […]

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