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…
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…
The risk of probate litigation can be increased by a number of family circumstances. Still, there are two fundamental reasons: families disagree with how to handle a mentally incapacitated family member or, after death, disagreements regarding the dissolution of the…
The most common types of trusts for estate planning are revocable and irrevocable trusts. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last will and…
When it comes to deciding how to leave property to your children, the obvious choice is to divide everything equally. That is the straightforward choice when all your children are doing equally well. But if not – if, for example,…
Court officials, including probate judges, deal with a decedent’s will through probate. While state probate laws may vary, the general process is quite similar across the country. Probate is the process of proving wills for decedents’. A probate judge will…
Make this new year’s resolution to meet with your friendly elder law attorney, to make sure your estate plan is in order. This pandemic is not done with us yet, unfortunately. Of course, we hope you don’t get sick, but…
One lesson we have learned from the Coronavirus pandemic is how uncertain life can be. Too many aging Americans found themselves with a life-threatening COVID-19 illness in 2020 without legal documents naming trusted loved ones to make decisions for their…
Check out this post to read answers to common estate planning questions. Click here to read.