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Pitfalls of Poor Estate Planning: Top 5 Problem Areas to Consider

Pitfalls of Poor Estate Planning: Top 5 Problem Areas to Consider image

Written by: Michele Procino-Wells, Esq.

Preparing an estate plan is often a bittersweet experience. On the one hand, you may feel gratified about the notion of leaving behind financial stability and security for your loved ones to rely upon. On the other, you may feel uncomfortable facing your own mortality and would rather quickly circumvent the estate planning process.

Both feelings are common emotional components of any estate planning process. However, what you should try and avoid at all costs – and trust us, it can cost you – is rushing through the process to the detriment of your family’s...

Paying for Long-Term Care: The Importance of Planning Early

Paying for Long-Term Care: The Importance of Planning Early image

Written by: Michele Procino-Wells, Esq.

We plan to go on vacation. We plan to have dinner with friends. But when it comes to planning for our care as we advance in age, many of us prefer not to think about it, believing it will somehow all work out. Consider the two scenarios below that contrast the different outcomes of planning early and choosing the “wait and see” approach for long term care.

The Facts Hank is 72 and Ellen is 69. They have been retired for several years. Recently, their oldest child asked them whether they had made any plans...

What Happens to Your Debt When You Die?

What Happens to Your Debt When You Die? image

Written by: Michele Procino-Wells, Esq. Procino-Wells & Woodland, LLC serves the Eastern Shore from their offices in Seaford & Lewes, DE & Berlin, MD

On a regular basis someone asks me, “If I die and have debt, who will be responsible for paying back those I owe?”

When a person dies, a new entity emerges, called our estate. Your “estate” represents your assets and your liabilities. Upon death, the “probate” process (the legal process of administering a deceased person’s estate), will resolve your debts and distribute your remaining assets to your heirs.

Creditors may legally claim assets within your estate...

Beware of False Social Security or Medicare Advertisements

Beware of False Social Security or Medicare Advertisements image

Contributed by: Carol Kellam, Social Security District Manager in Salisbury, MD

Scammers have become more aggressive and sophisticated in the digital age. With millions of people relying on Social Security and Medicare, scammers target audiences who are looking for legitimate program and benefit information. Scammers sometimes try to scare people into giving out their personal information. Never give someone who called you any personal information unless you absolutely know who they are.

The law that addresses misleading Social Security and Medicare advertising prohibits people or non-government businesses from using words or emblems that mislead others. Their advertising can’t claim that...

Snack Mix Recipe

Snack Mix Recipe image

On a recent evening, our team was together for a dual baby shower. That’s right- the PWW team is growing by four feet this fall! Part of the festivities included delicious snacks, but one snack in particular caught everyone’s attention: The Ranch Snack Mix. We hope your family might enjoy this treat over the weekend while everyone recharges from the first week back to fall routines.

Ranch Snack Mix Erin Dukes, Estate Planning & Administration Coordinator

¾ cup vegetable oil 1 packet dry ranch dressing mix 1 9oz. package oyster crackers 1 11.5 oz. box reduced fat Cheez-its 8 oz....