Many people think that a last will is the only logical choice as an estate planning vehicle of asset transfer if you are not extremely wealthy. In reality, this is not the case at all. A last will could be the right choice for someone with a straightforward family dynamic and very little to pass along. However, most people that have enjoyed even a moderate level of success would be better served through the utilization of a revocable living trust. Last Will Problems and Limitations There are … [Read more...] about Last Will vs. Living Trust: Weighing the Differences
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Turning the Page on 2018 and Looking Forward to 2019
As we turn the page and bid farewell to 2018, we look forward to 2019. This article summarizes the major changes for 2019, both in the tax area and in other areas. Read on to learn more. Turning the Page on 2018 and Looking Forward to 2019 … [Read more...] about Turning the Page on 2018 and Looking Forward to 2019
Why Would I Use an Irrevocable Trust?
There are different types of trusts that are used in the field of estate planning. A living trust is a commonly utilized device that can be revoked or rescinded by the person that establishes the trust at any time. It can be comforting to know that you maintain control of the assets that you convey into a trust, but there are reasons why you may want to use a trust that cannot be revoked. We will look at some situations that would call for the creation of an irrevocable trust in this … [Read more...] about Why Would I Use an Irrevocable Trust?
Elderly Care Provider Receives Grant
The Law Office of Michael Robinson, P.C. provides help to seniors who need assistance from an elder law attorney in finding the right nursing home care facility. Many seniors end up needing help and support from elder care professionals as they age. It is imperative to find the right carers who can provide compassionate assistance and who offer the services necessary to enhance a senior’s quality of life. There are some caregivers who are far superior to other healthcare providers serving … [Read more...] about Elderly Care Provider Receives Grant
Explore Estate Planning Options
A living trust is a very versatile, useful estate planning document that is actually the right choice for most people. Contrary to popular belief, a last will is not necessarily the simplest, most effective device for people that are not extraordinarily wealthy. The primary reason for this is the fact that a will must be admitted to probate. This is a costly and time-consuming process, and it is an open proceeding that allows the general public to find out the terms of the will. With a living … [Read more...] about Explore Estate Planning Options
