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The Law Offices Of Kyle Robbins, PLLC

Blogs

Virginia County Stepping Up Fight Against Elder Abuse
  • Published: July 24, 2018

The National Council on Aging found that one in 10 Americans over the age of 60 has experienced some type of elder abuse. One southwest Virginia community has placed a new emphasis on seeking justice for those victims. Wise County, Virginia’s MDT which stands for “multi-disciplinary team,” recently gathered for the very first time. WJHL.com’s recent article, “Fighting elder abuse with collaboration,…Read More

Can a Life Insurance Beneficiary Refuse the Proceeds?
  • Published: July 23, 2018

The contingent beneficiary receives the insurance proceeds of a life insurance policy, when there is a primary beneficiary and a contingent beneficiary, when the primary beneficiary predeceases. What if that beneficiary is alive, but refuses to collect the benefit? A recent nj.com article asks “Who would get this life insurance payout?” The article explains that an individual who’s designated as a beneficiary of a…Read More

Working a Bit Longer Can Significantly Increase Your Standard of Living in Retirement
  • Published: July 20, 2018

Question: Which of these has the greatest effect on your retirement standard of living? Saving an additional 1% of your salary for the 30 years prior to retirement. Postponing your retirement by 3 to 4 months. MarketWatch’s recent article, “The single most important retirement strategy,” says that a new study by the National Bureau of Economic Research found that the two options…Read More

  • Published: July 19, 2018

If you’re in your early 50s and have next to nothing saved for retirement, you're not alone. The Employee Benefit Research Institute found that more than a third of workers between the ages of 45 and 54 who responded, said they had less than $25,000 set aside for retirement, while more than a quarter of those 55 and older said…Read More

Two Ways to More Tax-Free Retirement Savings
  • Published: July 17, 2018

Investopedia’s recent article, “2 Ways to Reduce Taxes and Save More for Retirement,” provides two great ways to start accumulating more tax-free retirement savings: a Spousal IRA and a Backdoor Roth IRA Contribution. Spousal IRA. Under the usual situations, a person who wants to contribute to an IRA has to earn income.  However, there’s an exception, if you’re a non-working spouse. Your working spouse…Read More

  • Published: July 16, 2018

An effective way to safeguard your retirement savings from the high price of assisted living, in-home care or the cost of a stay in a nursing home is a long-term-care insurance policy. However, recent premium hikes have many baby boomers concerned that this type of coverage is no longer affordable. Kiplinger’s recent story, “The Long-Term-Care Insurance Dilemma,” reports that the median cost of…Read More

What Should We Expect When We Hit Retirement Age?
  • Published: July 13, 2018

There are a lot of variables when you reach retirement: Social Security checks may or may not be taxed, depending on your income; you'll pay federal income taxes on most retirement plan withdrawals, but there may also be state taxes based on where you live. The tax rates on investments can also vary. The San Francisco Chronicle’s recent article, “Beware of hidden taxes…Read More

Elder Abuse Alleged Against Spiderman Creator’s Caregiver
  • Published: July 12, 2018

A temporary restraining order has been issued against Stan Lee's caregiver, because of allegations of elder abuse, as Sky News reports in the article, “Stan Lee's caregiver handed restraining order over 'elder abuse'.” A lawyer for Stan Lee, the creator of many of the most successful Marvel Comics, says his caregiver Keya Morgan "inserted himself into Mr. Lee's life" following the death of…Read More

How Do I Make a Living Will?
  • Published: July 11, 2018

Drafting a living will now is a prudent move that gives you a say in how you want to be treated at the end of your life. The (St. George UT) Spectrum’s recent article, “How to Make a Living Will,” explains that to adequately detail your wishes concerning your end-of-life medical treatment, you should have two legal documents: a living will that tells your physicians…Read More

Are You Prepared for a Sudden Death in Your Family?
  • Published: July 10, 2018

The sudden deaths of fashion designer Kate Spade and chef and storyteller Anthony Bourdain are sparking discussions about mental health. They’re also a stark reminder that a sudden death can affect any family. CNBC’s article, “Sudden deaths like those of Kate Spade and Anthony Bourdain can devastate family finances,”explains that a number of the leading causes of death in the US are…Read More

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