The purpose of a living will is to ensure that your future health care decisions and plans are respected. It is a legal document that outlines your preferences for medical treatment and end-of-life care if you are unable to communicate.…
It is important for people to protect their assets and minimize their beneficiaries' potential tax burdens when planning their estates. The qualified personal residence trust (QPRT) is a valuable tool in this area. This specialized trust enables individuals to transfer…
There is nothing more uncomfortable than thinking about your own death. Add to that the issue of what will happen to our assets after we pass away, and it's no wonder that so few people have created a will and…
DIY estate planning may seem like a cost-saving option. However, it can be costly in the end, both financially and in terms of family wellbeing. Estate planning involves important decisions about how your assets will be distributed after you die…
Even though it is unlikely we will die or become seriously ill or injured while we are young, such an event is still possible. This is why we pay for medical insurance, disability insurance, and life insurance. Even though many…
The cost of higher education is more expensive every year. As a result, families are looking for ways to save for college. One option is a 529 plan. These investment plans allow families to put money away for a child's…
Having an estate plan ensures that your assets, interests, and loved ones are protected after you pass away. Sadly, many individuals make costly mistakes without proper advice and guidance from a qualified estate planning attorney. Beyond undermining your intent and…
It is common for American families to have stepchildren, who are usually treated the same as biological children when it comes to inheritance. This is particularly true where stepchildren are part of a blended family from an early age. Biological…
It is common for elder law and estate planning to be used interchangeably, but there are some significant differences between the two. While some overlap exists between the two, learning and implementing strategies from both law practice types is crucial…
It is possible that your children, minor and adult, will not agree on family circumstances, particularly regarding inheriting your estate. Relationships can change and intensify when you die, with underlying issues that bubble to the surface, creating tensions over your…