As you may recall, in 2007, hotel heiress Leona Helmsley left $12 million in a trust fund for the care of her Maltese puppy “Trouble.” The Value of an Animal Trust for Your Pet For those who care about the…
As far as estate planning and elder law are concerned, they serve different functions with some overlap, yet they are both equally important to protect you and your family. The two terms tend to go hand in hand, but there…
ABA explains that probate is a legal process that gives legal recognition to a will, appoints the executor to administer the estate, and appoints the personal representative (executive) to distribute property. Navigating the probate process will vary according to state…
Most of the traditional estate planning elements are obsolete when it comes to digital assets. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of these asset classes,…
In spite of the popularity of aging in place, many of us face the issue of what to do when we notice an elderly relative is having trouble living safely at home. Troublesome signs like a dirty home in poor…
When you have a special needs child in your family, there are two main ways to use life insurance. In one situation, parents may consider purchasing life insurance for their child’s life, addressing the possibility of outliving them. Alternatively, parents…
Losing a spouse or long-term partner makes it hard to think beyond your grief. However, it is crucial to understand there are important and timely decisions you need to make regarding your finances and personal estate plan. In truth, estate…
Now, more than ever, it is crucial to evaluate your life and plan your healthcare. Americans continue responding to the ever-present threat of COVID-19 in its many iterations, and we are identifying that which is most important in our lives…
Power of attorney allows you to appoint a trusted person to handle transactions for you. They could be related to personal finances, business operations, or medical needs and used for a single immediate purpose or an ongoing situation. This may…
To qualify for Medicaid benefits through nursing home care, assisted living, in-home care, or adult foster care, an individual must meet income and asset requirements. As a result of these rules, many candidates give away their money and resources to…