Rampulla & Newstad LLP

How to Utilize Medicaid Spend-Downs for Your Long-Term Planning


As Americans age, they may face failing health, and many of them turn to in-home caregivers or nursing homes for their skilled care. Both routes are expensive, and the cost of care is still on the rise. However, Medicaid is a federal program designed to provide health coverage for low-income individuals, including the elderly, offering […]

Tips for a Successful Family Business Succession


Fewer than one-third of family businesses survive into the second generation, while only 13 percent make it to the third generation. Here are some tips to beat the odds and help your business live on for generations to come. The sooner you start the planning process the better The sooner you start planning for succession, […]

Navigating the Intersection of Elder Law, Estate Planning, and Financial Security

elder law

As we journey through life, we accumulate experiences, wisdom, and assets that shape our legacy. For many Americans, the golden years of retirement represent a time of reflection, relaxation, and enjoyment of the fruits of their labor. However, this stage of life also brings with it unique challenges and considerations, particularly in the realms of […]

What Women Need to Know about Social Security


While Social Security is a crucial component of many Americans’ retirement income, it is particularly important to women. Because women tend to live longer than men, and historically, make less money than men, they are at a greater risk for outliving their savings. The Social Security Administration (SSA) has written a booklet detailing what women […]

The Importance of Choosing a Qualified Trustee


A trustee can be one person, multiple people, or what is called a “corporate trustee,” such as a bank or trust company staffed by people who manage and grow trust assets. It is essential to choose the right trustee because this person or institution is responsible for carrying out your wishes and protecting trust assets. […]

Are You Prepared for the New Business Reporting Requirements?


Do you own a business? Have you established a LLC for any reason? Did you transfer a business or LLC into a Trust? The reporting landscape for businesses is undergoing a huge transformation with the introduction of the Corporate Transparency Act (“CTA”). This legislation creates a new framework for ownership reporting, impacting smaller and larger […]

Aging in Place vs. Nursing Home Care: Important Factors to Make the Right Choice

medical health elder

A growing portion of the older population wants to stay in their homes as long as possible. This is known as “aging in place” and has several benefits when it is appropriate for the individual. However, there are some other care concerns to consider when deciding whether someone is at the point of needing additional […]

Tax Season


As tax season approaches, it’s a crucial time for individuals of all ages to ensure their financial responsibilities are in order. For seniors, managing annual tax returns can sometimes be a daunting task. This article will dive into some insights, tips and resources for seniors to navigate during tax season, so they can take control […]

The Risks of Giving Adult Children an “Advance” on Their Inheritance


There are many reasons you might consider giving your adult children a portion of their inheritance now, while you’re alive and well. Maybe you’ve seen your nest egg grow thanks to a robust stock market, and you have more in savings than you thought you would at this stage of your life. Perhaps you and […]