Most estate planning attorneys can help you avoid probate altogether or minimize its impact. Probate proceedings are part of the public record and can be very time-consuming and expensive. However, in nearly every case, some probate is necessary, so it…
Long and healthy life is what most of us strive for. We admire senior citizens for their wisdom. However, their long life often comes with the grief of outliving their spouses, friends, and sometimes their children. If they can’t maintain…
Prior to entering the application process for federal Supplemental Security Income (SSI) or Social Security Disability Income (SSDI), be sure to review some of the major disqualifiers. Eligible individuals can benefit from both programs though they have distinct differences. The…
Divorce is an emotional and financial rollercoaster (particularly if children are involved). Rarely is the division of assets an amicable process. While your estate plan may be the furthest thing from your mind during a divorce, without updating your documents, your…
It might seem confusing to think about estate planning vs. elder law as you begin to plan your future, both financially and in terms of health care. Estate planning and elder law also have some similarities. Even though these two types…
America is on the brink of the largest wealth transfer in history as baby boomers prepare to pass on their legacies through estate planning. Over the next 25 years, projections estimate 68.4 trillion dollars will be in motion to create an unprecedented transfer…
As part of your estate planning process, you should implement Power of Attorney documents. All states recognize powers of attorney, but rules and requirements will differ from state to state. The document gives one or more individuals the legal authority to…
Even incapacitation from an accident or sudden illness at any age can create the same challenges as banking and bill-paying with age. Incapacity is not just about mental cognition, accident, or illness. You may have a loved one who cannot drive…
You may be wondering who should be responsible for dispersing your assets as you begin your estate planning process or are just starting to consider how to proceed. A trust can be a great tool in your estate planning tool kit.…
In contrast to a last will and testament, a living will does not transfer assets after death. Instead, it is a mechanism to communicate to your family and doctors how you want medical care conducted when you aren't able. Your living…