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Tag: Estate Planning

Plan Your Estate

Avoid these 3 Estate-Planning Mistakes

September 3, 2020
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Putting things in place, on what to do when you die, can be a daunting task; however, it should still be done.  Therefore, make sure you avoid doing the following. -1-  Avoid having no will.  Or, having a will written in another state. 60% of adults in the U.S. have no will or estate plan.  You should do your will today. Your will should be drafted for the state in which you live.  An out-of-state will slows the probate process because it does not meet state requirements. It may even be declared invalid. -2-  Avoid confusing estate taxes with probate…

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Estate Planning

How Estate Plans Fail

August 18, 2020
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You aren’t likely to know if your plan succeeds or fails, because you’ll be gone. But you should take steps to ensure success. One reason for estate plan failures is lack of follow through. For your estate plan to be successful, you need to implement the plan; then regularly update the plan.  Throughout your life things change; your plan should be updated to reflect these changes; such as marriage, divorce, kids, house purchase, etc. Also, laws change and your plan should be update accordingly. An estate plan isn’t something that can be completed once and forgotten. An obsolete plan can…

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Aging in U.S.

Over 5 Million Americans Over 65 Living with Dementia

August 11, 2020
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Here are some sobering fact about getting older The number of Americans living with Alzheimer’s is growing — and growing fast. More than 5 million Americans of all ages have Alzheimer’s. In 2020 an estimated 5.8 million Americans age 65 and older are living with Alzheimer’s dementia. Eighty percent are age 75 or older. — One in 10 10 people age 65 and older (10%) has Alzheimer’s dementia. — Almost two-thirds of Americans with Alzheimer’s are women. — Older African-Americans are about twice as likely to have Alzheimer’s or other dementias as older whites. — Hispanics are about one and…

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Estate Planning - Be Prepared

Worse Case Scenario – You Want to be Prepared

August 6, 2020
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The coronavirus (covid-19) still exist, today.  The number of people infected, sickened and hospitalized have increased.  The number of deaths have also increased. With the coronavirus continuing to spread, a number of people have decided to put a will and health care directive in place. Since launching Unwrap This, our website statistics show that there have been a number of people downloading and using the forms.  This is good news, because we want people to be protected.  We would like for everyone to keep their money and stay in control of their life. If you have not put your documents…

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Diane Vettori-Caraballo

Judge Vettori-Caraballo Stole $328,000 from a Dead Client

August 2, 2020
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Former Judge Diane Vettori-Caraballo of Youngstown, Ohio, was sentenced to 30 months in federal prison and three years of supervised release for stealing from her deceased client’s estate.  Vettori-Caraballo also owes $328,000 in restitution. Vettori-Caraballo plead guilty to one count of mail fraud, one count of structuring cash deposits, and one count of making false statements to law enforcement. Vettori-Caraballo stole at least $100,000 in cash that was in the home of a client when that client died in March 2016, according to court documents. “The fact that the defendant stole at least $100,000 from an elderly person who trusted…

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