Estate Planning with Life Insurance
A grieving loved one should not inherit assets only to discover that they cannot be accessed for cash expenditures they will be responsible for after you die. Most retirees’ assets are in homeownership and retirement accounts, requiring a sale to get cash. Life insurance can provide the liquidity needed when managing and distributing your estate […]
Six Estate Planning Errors to Avoid
When you plan your estate, your assets, interests, and loved ones are protected after your death. There are many individuals who make costly mistakes when they do not seek the advice and guidance of an experienced estate planning attorney. Poor planning can cause additional stress to your heirs in the time of grief in addition […]
An Unmarried Couple’s Guide to Estate Planning
There are more than one million widows or divorcees among the older US population, leading to new partnerships. According to the US Census Bureau, more than half of all older adults have only married once, choosing to stay single for the rest of their lives. In the absence of a legal civil union, marriage, or […]
History’s Biggest Wealth Transfer
Never before in human history has there been a time like this in terms of finance. Baby boomers are preparing estate plans to leave their legacies to their children, putting America on the cusp of the largest transfer of wealth ever. There will be a wealth transfer of unprecedented proportions over the next 25 years, […]
Why You Need An Elder Law Attorney
Elder law is a highly specialized area of law focusing on the legal needs of older adults encompassing more significant issues like long-term health care needs, quality of life, and financial well-being. Specific planning may include estate planning and administration, asset protection planning, Medicaid planning and applications, wills and trusts, probate, advance directives, special needs […]
Why a Living Will Is Essential to Your Estate Plan
Living Wills are essential in creating a solid estate plan. A living will presents your preferences for life-sustaining medical treatment. It is often accompanied by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living will does not have specific instructions for […]
Estate Planning Guide: Planning for Blended Families
Couples often bring children into a marriage from a prior marriage or union and then have children together. This is often referred to as a blended family. Blended families highlight the need for careful estate planning to make sure the needs of each spouse are met, as well as the needs of each parents’ children. […]
Why You Need to Your Estate Plan Up-To-Date
You should check your estate planning documents every so often, to make sure they’re still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change. That’s why we recommend that you consult us for an estate-plan check-up every five years […]