In the popular imagination, receiving an inheritance
always sounds like a good thing — after all, who doesn’t want a financial
windfall? And inheritances can certainly be life-altering events. But they can
cause challenges, so you’ll want to help your heirs be prepared.
To
assist in this preparation, try to address some key questions affecting your
heirs:
• Do
they know what’s in your estate plans? Your family and other heirs will be
much better prepared to deal with an inheritance if they know what to expect.
That’s why it’s so important that you share your estate plans with everyone
involved. You need to let them know the wishes and decisions you’ve expressed
in your will and other legal arrangements, such as a living trust. Of course,
sharing this information doesn’t necessarily mean that all your heirs will be
completely satisfied with your choices — but at least they won’t be surprised,
and perhaps will be less likely to cause disputes when the time comes to settle
your estate.
• Will
they know what to do with the money or other assets? You may be planning to
leave your grown children a sizable amount of assets, possibly including cash,
stocks, real estate, IRAs, 401Ks or other types of valuable personal property.
But this inheritance brings with it several possible questions: Do your heirs
already have an investment platform ready to accept inherited stocks? If you do
leave behind rental property or a vacation home, can it be easily sold? These
types of issues are generally not hard to resolve, but the more prepared your
heirs are for their inheritance, the quicker they can take whatever actions are
needed.
• Are
they prepared to handle any taxes that may result from the inheritance?
Unless you have a very large estate, your heirs likely won’t face federal estate
taxes. (In 2024, the first $13.61 million of an estate is exempt from federal
estate taxes.) However, other types of taxes may apply. A few states assess
state inheritance taxes, and your heirs could incur federal and/or state income
taxes when they withdraw money from inherited assets funded with pre-tax
dollars, such as some retirement accounts. They could also face capital gains
taxes when they sell inherited assets, such as stocks, for more than they were
worth at the time of the inheritance. In any case, inheritance-related taxes
can be complex, so you and your family and other heirs should discuss these
issues with your tax advisor.
• Will
they be liable for any outstanding expenses? If you have developed a comprehensive
estate plan, it's unlikely your heirs will be on the hook for any outstanding
expenses, such as credit card balances or funeral costs. If you do still carry
a mortgage, though, and you are planning on leaving your house to your heirs,
they may want to be prepared to act quickly to sell it.
When
leaving an inheritance, there’s a lot involved — emotionally, financially and
legally. So, do whatever you can to make the entire process as easy as possible
for your loved ones. By communicating your wishes regarding the inheritance,
and by considering all the issues that may arise, you can go a long way toward
achieving the outcomes you desire.
Chad Choate III, AAMS
828 3rd Avenue WestThis article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
Wheelchair ramps and other accessibility products are crucial for individuals who have suffered from a stroke or heart attack. These conditions can lead to physical limitations, such as difficulty with mobility, balance, and coordination, which can make everyday tasks and activities a challenge.A stroke or heart attack can impact a persons life in many ways, including the ability to enter and exit their home. The installation of a wheelchair ramp can provide a safer, more convenient means of access to and from the home, improving overall independence and quality of life.In addition to being useful for individuals who have suffered a stroke or heart attack, wheelchair ramps and other accessibility products can also be beneficial for those with other physical limitations, such as arthritis, multiple sclerosis, and spinal cord injuries.Here, we will discuss the importance of wheelchair ramps and accessibility products for those who have survived a stroke or heart attack, and how they can make a significant difference in improving overall independence and quality of life.The Benefits of Wheelchair Ramps for People with Stroke or Heart AttackImproved MobilityThe primary benefit of a wheelchair ramp is improved mobility and independence. A ramp allows individuals who use a wheelchair or walker to safely enter and exit their home, which can increase their independence and reduce the risk of falls and other accidents. Additionally, ramps can provide a convenient means of accessing public buildings, such as grocery stores, doctors offices, and other essential locations.ConvenienceWheelchair ramps are also convenient for individuals who experience mobility challenges as a result of a stroke or heart attack. Traditional steps can be difficult to navigate, especially for those who have limited mobility, balance, or coordination. A ramp eliminates the need to navigate stairs, reducing the risk of falls and other accidents. Additionally, ramps are typically wider than steps, making it easier for individuals to maneuver and move about regardless of whether or not they use a mobility aid.Increased SafetyOne of the most important benefits of wheelchair ramps for individuals who have suffered from a stroke or heart attack is increased safety. Steps can be slippery, especially in inclement weather, increasing the risk of falls and other accidents. A ramp provides a stable, slip-resistant surface that can be used in all weather conditions. Additionally, ramps typically have handrails, providing additional support and stability for individuals who need it.Cost-Effective SolutionWheelchair ramps can also be a cost-effective solution for individuals who have suffered from a stroke or heart attack. Traditional home modifications can be expensive and may not be covered by insurance. A ramp is a more affordable option and may be covered by Medicaid or other insurance programs. Additionally, ramps can be installed quickly and easily, reducing the disruption to the home and daily routines.The Importance of Accessibility ProductsIn addition to wheelchair ramps, there are many other accessibility products available that can make a significant difference in the lives of individuals who have suffered from a stroke or heart attack. These products can improve overall independence and quality of life, making it easier for individuals to perform everyday tasks and activities.Grab BarsGrab bars are a simple but effective accessibility product that can be installed in the bathroom, bedroom, and other areas of the home. They provide a secure and stable surface for individuals who need support when getting in and out of the shower or bath, when using the toilet, or when sitting and standing in various areas around the home. Grab bars are available in a variety of styles and finishes, making it easy to find a product that complements the dcor of the home.Stair LiftsStair lifts are a more advanced accessibility product that can be installed in homes with multiple levels. These devices allow individuals to safely navigate stairs, eliminating the need to climb steps. Stair lifts come in a variety of styles and designs, including straight and curved options, to accommodate different types of staircases. There are also options for both indoor and outdoor staircases.Transfer BenchesTransfer benches are another useful accessibility product for individuals who have suffered from a stroke or heart attack. These benches provide a safe and stable surface for individuals to transfer in and out of the shower or bath. Transfer benches have a slip-resistant seat and backrest, and can be adjusted to accommodate different heights.ElevatorsFor individuals who live in multi-level homes, elevators can be a convenient and cost-effective solution for improving accessibility. These devices can be installed in the home, providing individuals with a safe and secure means of accessing different levels of the home. Elevators can be customized to meet the specific needs of the individual and can be equipped with safety features, such as emergency stop buttons and intercoms.ConclusionWheelchair ramps and other accessibility products are essential for individuals who have suffered from a stroke or heart attack. These products can improve overall mobility, convenience, safety, and independence, making it easier for individuals to perform everyday tasks and activities. Whether you are looking to install a ramp, grab bars, stair lifts, transfer benches, or elevators, it is important to work with a reputable and experienced provider to ensure the best possible outcome. Amramp Accessibility is a leading provider of accessibility solutions and is dedicated to helping individuals with physical limitations live a more independent and fulfilling life. For more information please call, 888-715-7598.
When it comes to accessibility solutions, Amramp is a company that prioritizes quick wheelchair ramp installation without compromising quality. Their customer service and installation team are dedicated to making the process of transitioning from hospital to home as fast and smooth as possible.Amramps quick response time is one of their standout features. They understand that time is of the essence, particularly when it comes to helping individuals who are recovering from an injury or illness. Their team of experts will work with customers to schedule an installation appointment as soon as possible, often within days of the initial inquiry.The installation team takes pride in providing high-quality solutions that are also quick and efficient. Their ramps are made from durable materials, designed to withstand harsh weather conditions and heavy use. They also offer a variety of ramp options, including modular ramps and portable ramps, to ensure that customers have the right solution for their home and lifestyle.Most importantly, Amramps team understands the importance of a quick and smooth transition from hospital to home. They know that customers may be experiencing a range of emotions during this time and are dedicated to providing a compassionate, understanding approach. Their quick wheelchair ramp installation process ensures that customers can begin their recovery process with minimal delays.In short, Amramps commitment to quick wheelchair ramp installation and quality service is second to none. If you or a loved one are in need of a wheelchair ramp, you can trust the experts at Amramp to provide a solution that meets your needs and exceeds your expectations, all while prioritizing a fast and efficient installation process.Here is a recent example of a quick wheelchair ramp installation from a customer in Nashville:Our Nashville location received a request on Wednesday afternoon, 2/22/2023:Injured worker needed a temporary ramp in his garage and a portable ramp inside for a threshold between rooms.The hospital wanted to discharge him, but they needed his home to be accessible first.Quote provided Thursday morning, 9am, using just photos of the workers home.Had availability to install on Friday, 2/24/2023.Coordinated with the family and installed Monday morning, 2/27/2023. In Wynne, Arkansaswhich is more than a 5-hour drive from Nashville so that the worker could be discharged from the hospital. Less than 3 business days from start to finishLearn how Amramp can install a ramp for you or your loved one, call 888-715-7598 for more information.
Amramp Accessibility is proud to offer high-quality steel ramps that are durable, safe, and long-lasting. Our ramps are built to withstand even the harshest of weather conditions and heavy use, providing reliable access to homes, businesses, and public spaces for people with disabilities.Recently, Bob and Kim Danek of Amramp Connecticut & Eastern New York responded to a call from a customer who had their ramp installed over eight years ago. This ramp has been in use daily, providing safe and reliable access to the customers home.While the ramp did require some maintenance, we are proud to report that no parts needed replacing, just some repainting to keep the ramp looking like new. This is a testament to the durability and longevity of our steel ramps, and we are confident that this ramp will continue to provide reliable access for many years to come.At Amramp Accessibility, we understand the importance of keeping ramps clear and safe, especially during the winter months when snow and ice can create hazardous conditions. Thats why weve designed our ramps with a unique, open-mesh surface that allows wind, snow, and ice to pass through, keeping the ramp clear and safe.Unlike traditional wooden or concrete ramps, which can become slippery and treacherous when covered in snow or ice, our ramps feature an open mesh design that allows snow and ice to melt and pass through the ramp. This helps to prevent the buildup of ice and snow, making our ramps safer and more reliable in any weather condition.In addition to their unique design, our ramps are made from high-quality materials that are designed to withstand even the harshest of weather conditions. Our steel ramps, for example, are powder-coated to resist corrosion and are designed to last for many years with minimal maintenance.At Amramp Accessibility, we are committed to providing safe, reliable ramp solutions for our customers, and our unique design is just one way that we achieve this. Whether you need a ramp for your home or business, we have the experience and expertise to create a custom ramp that meets your specific needs. Contact us today to learn more about our accessibility solutions and how we can help you achieve safe and reliable access to your property. If you have questions, please call us at 888-715-7598.