Elder law deals with legal issues affecting older or disabled people. Attorneys who practice elder law advocate for and create legal plans to assist seniors, and their loved ones, in living better lives. Elder law may include planning for retirement,…
The onset of dementia can lead to a loss of financial security due to the degeneration of your brain function. If you are age 50 or older, easy access to your financial assets like stocks and bonds, checking and savings…
During probate, the will of a deceased individual is authenticated, assets are reviewed, debts are paid, taxes are collected, and assets are distributed to heirs. Legally, probate is the process of authenticating the will of a deceased person, reviewing their…
There are many situations where it makes perfect sense to divide assets equally among children. Yet, in some families, each child receiving the same inheritance can be inappropriate, deplete the estate’s assets due to ensuing litigation, or cause other family…
Upon a beneficiary’s death, who receives his or her estate? You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in his place? The answer is,…
When it comes to inheriting money or property, most parents treat their children equally. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a…
Various states have different laws and regulations regarding wills and trusts, which have different benefits for estate planning. You can have both a will and a trust; however, the information in each should compliment the other. As a standalone, it…
The disposition of your assets in your estate plan may seem unrelated to life insurance at first glance. However, life insurance can be an integral, indispensably important part of a well-thought-out estate plan. There are numerous other benefits to owning a…
We hear this question a lot. You can find out whether you need a trust and, if so, what kind is best for you by reading on. For example, maybe you have a disabled child and you want a trust…
Structure-wise, a limited liability company (LLC) lies between a partnership and a corporation. Most small business owners are aware this hybrid legal entity is beneficial for financial management, yet an LLC is also a powerful estate planning tool for much…