As your child approaches 18 (depending on the state), you might find it difficult to imagine that a small child who depended on you for everything is now an adult. Now they are free to vote, marry, apply for a…
A survey conducted by Care.com revealed that 57% of Americans do not have a Last Will and Testament (a "Will"). The survey found that participants were more likely or less likely to have a Will depending on issues such as…
A generation-skipping transfer tax (GST) applies to transfers that skip a generation of heirs. Its primary design is to prevent wealthier individuals from avoiding estate and gift taxes by transferring large amounts of assets to their grandchildren, bypassing their children.…
If you become incapacitated, your living will provide instructions regarding medical preferences. Incapacity can happen for many reasons, including an accident, an illness rendering you too sick to communicate, dementia, anesthesia, a stroke, a coma, and more. While you are…
It is crucial to plan your estate regardless of your gender identity or sexual orientation in order to protect your assets, your wishes, and the people you love. Estate planning allows you to designate your partner, whether you are married…
Experiencing the loss of a loved one can be emotionally draining. Receiving an inheritance and dealing with the death of a loved one brings mixed emotions. The loss of a loved one is sad but the influx of funds can…
During probate, a will is recognized, a personal representative (executor) is named and assets are distributed to beneficiaries based on the terms of the will. It also requires paying the decedent’s outstanding debts and federal and state taxes. Each state…
Family values and assets can be difficult to address and legally formalize, especially if parents wait too long to begin instilling them. Undoubtedly the best time to teach and empower your children as eventual inheritors of your family legacy is…
Disability and special needs individuals are supported and empowered by the Americans with Disabilities Act (ADA). More options for individuals and families who support them to live as independently as possible are available. Multiple options are available to create and…
An estate will details who will receive a deceased person's property and which person (called the executor) will be responsible for settling the estate after death. For many reasons, beneficiaries can feel slighted by what they did or didn’t receive,…