When most people think about estate planning tools such as power of attorney, they imagine that they are solely for people who already have children, who have significant assets, or who are nearing the end of their lives. However, you may be surprised to know that many estate planning lawyers also recommend that college students...Read More
Whether you’re a single senior who lives alone or one who lives with a partner, establishing a new estate plan or modifying an existing one is essential. You might wish to leave assets to your partner that they could not get through intestate succession, or maybe you have children you want to leave your assets...Read More
Inheriting any assets from someone’s estate could benefit a person financially. However, it can also create some challenges. Cash and stock inheritances come with various advantages and disadvantages. Although they provide the funds someone might need to pay necessary expenses or grow their portfolio, some complications could arise. When you’re inheriting either cash or stocks,...Read More
Estate planning is an emotionally challenging task at every step of the process. Whether you are writing your own will, helping an older relative plan their estate, or serving as the executor of the estate of a deceased loved one, you must deal with all the feelings you have about your own death or that...Read More
It can be difficult to say goodbye to the things we own. Older adults might have an even harder time doing so because many of their possessions may hold decades of meaning or sentimental value, and the thought of parting with these mementos can bring up a lot of unexpected emotions. At some point, however,...Read More
Losing a loved one is an emotional and life-changing experience. You might be tasked with the responsibility of settling the estate while also grieving your loss. It can be a challenging time in anyone’s life. However, it becomes complicated when you must go through probate for out-of-state property. Many people move to various states throughout...Read More
Taking on the task of caregiver for an older or dependent adult can be challenging and stressful. It can also be rewarding. Knowing you’re contributing to your loved one’s quality of life is a good feeling. However, the burden of providing the care and assistance someone else needs can sometimes seem like too much to...Read More
You finally bought that vacation home you’ve always wanted. How can you add it to your estate plan? When it comes to planning your estate, a vacation home is very different from your primary home. Here are some things you should consider. Who Is on the Title? When you purchase the property, you should consider...Read More
Receiving a diagnosis of Alzheimer’s disease or another progressive form of dementia is always devastating for everyone involved. It is never easy to wrap your head around the changes that will gradually make life more challenging for you and your family. If you have recently been diagnosed with Alzheimer’s or dementia, it is important to...Read More
Truth be told, none of us knows what the future holds. The outcome of US tax legislation proposals remains highly uncertain. It is unclear whether estate and gift tax exemptions will be cut in half, but whatever happens will affect all deaths and transfer of wealth after December 31, 2021. As part of your asset...Read More