Inheritance planning is one of the core responsibilities of adulthood. You should definitely have a plan in place to preserve your legacy and protect your loved ones, regardless of your age. There are multiple components to consider, and there are different approaches that can be taken. Personalized attention is key, and this is exactly what you receive when you work with our firm. Last Wills & Living Trusts When you plan your estate, you arrange for the distribution of your assets to your … [Read more...] about Inheritance Planning: A Responsibility to Your Loved Ones
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Domestic Asset Protection Trusts
Domestic Asset Protection Trusts are spreading to more jurisdictions. However, their protections may be waning. Read on to learn more about Domestic Asset Protection Trusts. Domestic Asset Protection Trusts … [Read more...] about Domestic Asset Protection Trusts
Prepare for the Twilight Years
Elder law attorneys address issues that are of interest to senior citizens, and retirement planning is not the only consideration. After your active retirement years, the twilight years will inevitably follow, and you may not be able to handle all of your own day-to-day needs at some point. In fact, according to the United States Department of Health and Human Services, 70 percent of senior citizens will someday need assistance with their activities of daily living. If you have paid into the … [Read more...] about Prepare for the Twilight Years
Things to Consider When You Are Planning Your Estate
When you decide that you are going to dig into the estate planning process in earnest, it can be hard to know where to begin. Of course, you are well aware of the fact that you must state your wishes in writing with regard to the distribution of your resources after you are gone. But how should you go about it, and is there anything else to consider? We fully understand this dynamic, and we will share a basic outline in this post to provide some clarity. Inventory Your Assets The first … [Read more...] about Things to Consider When You Are Planning Your Estate
Nongrantor Trusts Can Be Very Useful in Certain Situations
A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article examines a nongrantor trust and situations in which it might be useful. Nongrantor Trusts Can Be Very Useful in Certain Situations … [Read more...] about Nongrantor Trusts Can Be Very Useful in Certain Situations
