The process of estate planning is often thought of as something that is only important for people who have reached an advanced age. We all know that senior citizens are more likely to pass away than their younger counterparts, but in truth, all responsible adults should have an estate plan in place. There have been… Read more »
A supplemental needs trust can be useful if you want to provide for someone that you love who has a disability. We will look at the facts in this blog post. SSI People with disabilities oftentimes rely on the Supplemental Security Income program. This program provides income for people with special needs who are not… Read more »
There are many different things to take into consideration when you are devising your estate plan. What is important for one person may not be important for the next, so you should understand the facts and act in a fully informed manner. Personalized attention is of great value, because your plan should be custom crafted… Read more »
Taxation is a very big factor to take into consideration when you are preparing your assets for future distribution to your heirs. There are taxes on asset transfers in the United States, and these death taxes can erode your wealth considerably as it is being passed on to succeeding generations. The federal estate tax looms… Read more »
Tip 1. Your estate is what you leave behind after you die. Everyone has an estate. Whether you are wealthy, old, young, a parent, single, or anything else, you have, or more specifically will have, an estate. Your estate is simply the collection of possessions, money, and other property you leave behind after you die,… Read more »
When you are planning your estate, passing along resources directly with no strings attached can be perfectly acceptable for some established people on your inheritance list. At the same time, there could be people in the family who could use some guidance. Under these circumstances, you could consider the creation of an incentive trust. With… Read more »
As estate planning attorneys, we often encounter families who are suffering due to estate planning mistakes that were made by other family members. There is usually some type of damage control that can be done, but as they say, you don’t want to try to close the barn door after the horse has left. Let’s… Read more »
Merry Christmas! Tis the Season of Giving! Estate planning can be viewed in one of two ways. You could look at it as a basic effort to make sure that your assets are distributed in accordance with your wishes and leave it at that. On the other hand, you could take a more comprehensive viewpoint… Read more »
There are many challenges that you can face as a senior citizen. Unfortunately, loneliness is one of them. When you retire, you no longer have daily interactions with coworkers, and this is part of the equation. Plus, your children and grandchildren are going to have lives of their own, and they may even live out… Read more »
A living trust as an estate planning vehicle that provides a number of different benefits, but this type of trust would not be the ideal choice under certain circumstances. We will look at the details in this blog post. The Benefits In a general sense, a living trust can be a good choice for you… Read more »