For estate planning, wills and trusts offer specific and quite different advantages. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; however, the information in each should complement the…
The advance health care directive, also known as a living will, is a legal document that specifies how you want medical professionals to act if you are unable to do so due to an accident or illness. A living will…
During the purchase of a timeshare in a holiday resort, the resort agent recommended that Mom and Dad sign a deed leaving the share to their children so that after their passing, the children could continue to enjoy it. It…
It has become more important than ever to have a will, a living will, and perhaps even a living trust as a result of the COVID-19 pandemic in the US. Still, this knowledge is not translating into estate planning action.…
Wills are legal directives that state who will receive your property upon your death and are an essential part of an estate plan. If you die without one (intestate), the state will distribute your assets and property via state law…
The topic of estate planning can be tough to discuss with our parents. Despite the challenging nature of this subject, it is one of the most important conversations we can have with our parents. Having a thorough estate plan in…
Planning an estate requires thoughtful discussion and careful consideration with your spouse or life partner. Before meeting with an estate planning attorney, it is best to discuss your ideas to present a united goal. This conversation can be challenging if…
Almost everyone knows about the probate process, which takes place in probate court after someone passes away, and they are aware that it takes place after someone dies. Unfortunately, fewer people know that it can be a long and complicated…
Americans with special needs who are five years of age or older comprise the largest minority group in this country. The majority of federal and state benefits available to help persons with disabilities are needs-based, meaning income and assets are…
Imagine that your estate plan is complete. Managing your home, savings, and investments involves ensuring your family receives your valuable estate items in an unbiased, fair, and efficient manner. Your plan will also protect your legacy from your children’s potential…