Key Differences of Revocable vs. Irrevocable Trusts
When it comes to estate planning, understanding the different types of trusts available is crucial. Two common types are revocable and irrevocable trusts, each with its own set of features and benefits. As a trust attorney, I often encounter questions about the differences between these two types of trusts and which one might be the […]
Preparing for Life’s Surprises: Estate Planning for the Unexpected
Life is full of surprises, and while we can’t predict every turn, we can prepare for the unexpected. Whether it’s sudden incapacitation or an unforeseen financial shift, having a comprehensive estate plan can provide much-needed peace of mind. As experienced Will and Trust Lawyers, we understand the importance of being prepared for every eventuality. The […]
Understanding Medicaid Asset Protection Trusts: A Guide with Real-Life Examples
Navigating the complexities of Medicaid eligibility can be a daunting task, especially when it involves the protection of your hard-earned assets. One effective tool in this arena is the Medicaid Asset Protection Trust (MAPT). In this blog, we’ll explore what MAPTs are, how they work, and provide real-life examples to illustrate their benefits. What is […]
Who Has Your Crypto Keys?
Are you part of the growing number of people who invest in cryptocurrency? Then there’s a crucial question you need to ask yourself: “Who has access to my crypto keys?” As any savvy estate lawyer will tell you, leaving your digital assets to loved ones is more complex than traditional assets. Without the right access […]
What to Include When Crafting Your Trust
When you’re working with a trust attorney, it’s crucial to understand what you can include in your trust document. Let’s explore the variety of instructions or restrictions that can make your trust truly yours, ensuring your legacy is managed just the way you envision. Tailoring Your Trust: A Guide to Restrictions Creating a trust allows […]
Navigating Assisted Living Concerns
When the time comes to consider assisted living for a loved one, families often find themselves with a list of questions and concerns. It’s a big transition, and understanding the financial implications is crucial. Here’s where an elder lawyer can offer clarity and guidance to help you make informed decisions. Will Assisted Living Force the […]
Should I Leave My Children’s Inheritance to Charity?
“Should I leave my children’s inheritance to charity?” It’s a question that many parents grapple with, especially when considering the needs of their children and their personal philanthropic goals. It’s not just about the money—it’s about the message you want to leave behind and the impact you want to have. Weighing Your Decision When you’re […]
New Year: Naming Guardians for Your Kids (And Grandkids)!
As we welcome a new year, it’s an opportune time for parents and grandparents with custody to consider one of the most important decisions: naming guardians for your children or grandchildren. Life can be unpredictable, and while we hope for the best, it’s essential to be prepared for any eventuality. Setting up guardianship ensures that […]
How to Navigate Estate Planning Without Heirs
Many people mistakenly believe that without direct heirs—like children or grandchildren—there’s no need for estate planning. However, the reality is quite different. Even if you don’t have immediate family to inherit your assets, deciding how your estate will be distributed is crucial. If not, you might be surprised at who ends up with your hard-earned […]
Estate Planning Considerations for Veterans: Tips to Ensure Your Service is Honored
For those who have served in the military, estate planning takes on unique considerations. Veterans have earned specific benefits and honors due to their service, and it’s essential that these are incorporated into an estate and long-term care plan. Here are some key points veterans should consider: Safeguarding Your DD214 Your DD214, or Certificate of […]