Understanding the Importance and Implications of Guardianships and...
Often in estate planning, attorneys present the idea of guardianship and/or conservatorship as a bad thing - something to be avoided. In a perfect world, we could move through our lives from cradle to...
View ArticleWhitney Houston's Estate Plan Illustrates Use of Testamentary Trust
Whitney Houston's tragic death provides an example of how a trust that takes effect upon death can work as part of an estate plan. But Houston's estate plan has some surprising aspects as well,...
View ArticleEstate Planning for Business Owners
“Small businesses,” that is, those that have less than 500 employees, comprise 99.9 percent of all businesses in the United States. The owners of these businesses will, someday, exit their businesses...
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Planning for Disability
No one likes to think about the possibility of their own disability or the disability of a loved one. However, as we'll see below, the statistics are clear that we should all plan for at least a...
View ArticleWorking with Charities for Fun and Profit
Developing alliances between non-charitable advisors (attorneys, CPAs and financial advisors) and advisors to charities (e.g., development officers for non-profit organizations) can provide better...
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August Spotlight - Town Village Independent Living
Each month, Bailey & Holliman Estate Planning Law Firm takes a moment to "spotlight" some of our valued partners. This month, we are talking about a wonderful Independent Living community, Town...
View ArticleThe Door Is Closing - Unique Gift and Estate Planning Opportunities in 2012
2012 is truly an exceptional year to do estate planning. The estate, gift, income and generation skipping transfer (GST) tax laws are the most favorable to taxpayers since the 1940s, or possibly ever,...
View Article8 Myths about Reverse Mortgages
This is an excellent article about reverse mortgages, and some of the common myths surrounding them. We are sharing the information here, or you can read the original article written by the National...
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Top 5 Overlooked Issues in Estate Planning
Top 5 Overlooked Issues in Estate Planning In planning your estate, you most likely have concerned yourself with “big picture” issues. Who inherits what? Do I need a living trust? However, there are...
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Joint Bank Accounts and Medicaid Eligibility
Joint Bank Accounts and Medicaid Eligibility Like most governmental benefit programs, there are many myths surrounding Medicaid and eligibility for benefits. One of the most common myths is the belief...
View ArticleThe Bailey & Holliman Estate Planning Law Firm Joins WealthCounsel Colleagues...
Pelham, AL, Oct. 13, 2012 – Steve Bailey and John Holliman, of the Bailey & Holliman Estate Planning Law Firm announced today that they are joining their colleagues at WealthCounsel in a public...
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You’ve Finally Done Your Healthcare Directives – Now What?
You’ve Finally Done Your Healthcare Directives – Now What? Healthcare directives can be vitally important, as recent cases, like that of Terry Schiavo, clearly brought to light. These important...
View Article10 Things To Do Before the End of This Year
The end of the year will be here before we know it. But there is still time to get some major estate planning goals accomplished. Here are ten things to do before the end of 2012. 1. Have your...
View ArticleDon’t Ever, Ever, Ever Take Legal Advice Form A Nursing Home……….. Unless You...
This is the first installment in a series of blogs inspired by, and dedicated, to the families I have encountered who have lost everything they owned or a lot of what they owned because they took...
View ArticleHave You Planned for Long Term Care Costs? Why This is a Very Real Risk...
Every day I preach the gospel that everyone, especially middle class families who cannot afford to private pay for their care, must plan ahead for how they are going to pay for their eventual...
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Filial Responsibility Laws
Filial Responsibility Laws Filial responsibility laws impose a legal obligation on adult children to take care of their parents’ basic needs and medical care. Although most people are not aware of...
View ArticleAnother Celebrity Estate Dispute - Wife and Girlfriend of Thomas Kinkade...
When artist Thomas Kinkade, the famed "Painter of Light," died from an accidental overdose of alcohol and Valium in his California home back on April 6, he was living with his girlfriend of 18 months,...
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Veteran’s Aid & Attendance Benefit: Avoid Scams and Get Trustworthy Advice
Veteran’s Aid & Attendance Benefit: Avoid Scams and Get Trustworthy Advice Many veterans are unaware of the Aid and Attendance benefit, a component of the Veteran’s Administration Improved Pension...
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Advance Planning Can Help Relieve the Worries of Alzheimer’s Disease
Advance Planning Can Help Relieve the Worries of Alzheimer’s Disease The “ostrich syndrome” is part of human nature; it’s unpleasant to observe that which frightens us. However, pulling our heads...
View ArticleUnderstanding the Fiscal Cliff Legislation
Legislators were very busy New Year's Eve and into the early morning hours of New Year's Day to draft and ultimately pass legislation to avoid what was commonly referred to as "The Fiscal Cliff." But...
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