The Services of Elder Law Attorneys Benefit Seniors and Their Families
As a legal advocate for aging adults and their loved ones, an elder law attorney or certified elder law attorney specializes in elder law. Generally, elder law involves a wide variety of issues relating to the elderly or disabled. Under the umbrella of elder law, you will find topics such as guardianship, retirement, health care […]
Having A Will Is Imperative
A last will and testament specify how your property will be distributed when you die, as well as how your dependents will be provided for. It is wise to create a will for your peace of mind and your loved ones’ protection if you have people, you love and care about. Though writing your will […]
Including A Personal Property Memorandum in Your Will or Trust
It is not uncommon for family members to argue over dad or mom’s favorite items after their death. Disputes can occur over things such as a coffee mug, jewelry, or a painting. Filling out a personal property memorandum and keeping it with your will or trust will eliminate these types of arguments. A personal property […]
The Importance of Estate Planning for Entrepreneurs
There are certain characteristics that define entrepreneurs: motivation, creativity, persuasiveness, risk tolerance, versatility, vision, innovation, communication and collaboration, flexibility, and decisiveness. The entrepreneurs who create these businesses bear most of the risks and reap most of the rewards if they are successful. Entrepreneurs often have a different estate planning process thanks to their complex financial […]
RESOLUTION: Get That Estate Plan Done!
The first new year’s resolution you need to keep is to visit your friendly elder-law attorney, who can guide you through the estate planning process. Unfortunately, we are still at the mercy of this pandemic. It is extremely important to have your papers prepared in advance in case you become ill to the point where […]
Incorporating Cryptocurrency into Your Estate Plan
As digital assets become more prevalent, traditional estate planning elements become obsolete. Cryptoassets, including cryptocurrencies like Bitcoin and non-currency blockchain tokens, may comprise a significant individual wealth. In estate planning, addressing complex challenges such as securing, transferring, protecting, and ultimately gifting crypto-asset wealth is critical. Estate planning may seem incompatible with decentralized cryptocurrency systems. Joel […]
The Process of Amending a Widow’s or Widower’s Estate Plan
The loss of a spouse is a difficult experience emotionally, spiritually, and financially. An estate plan and tax planning are usually handled by one spouse, and a widow(er) may find herself in a complicated financial position with more questions than answers. It is a mistake to think that a complete estate plan needs no further […]
Irrevocably Disinheriting a Child
When it comes to inheriting property or money, most parents treat their children equally. However, sometimes parents choose not to leave anything to their children, and the reasons for doing so may vary. Parents might not feel the need to leave anything to a child who is more financially successful than others. Another reason may […]
Fiduciary Responsibility
You may be asked to be power of attorney for a family member or friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated, and they would need a trusted person to step in and manage for them. This […]
Estate Planning Changes Under the Build Back Better Act
As the House Ways and Means Committee approves the tax provisions of President Biden’s Build Back Better Act (BBBA), the bill has made a significant first step towards passage. At the moment, the legislative proposal may limit the ability of high-net-worth individuals to shield assets from tax consequences in their estate planning strategies. Before the […]