While the new tax law doubles the federal estate tax exemption, meaning the vast majority of estates will not have to pay any federal estate tax, it doesn't mean you should ignore its impact on your estate plan.
According to court documents, legendary singer Aretha Franklin did not have a will when she died, opening up her estate to public scrutiny and potential problems.
A family's fear of losing their home to Medicaid may have contributed to a severe case of elder abuse. If they had consulted with an attorney, they might have figured out a way to get their mother the care she needed and also protect their house.
The older you get, the harder it is to qualify for long-term care insurance. If you are interested in buying this insurance, it is better to act sooner rather than later.