A comprehensive estate plan is important to both you and your loved ones. However, this is even more so the case if you want to include someone in your estate plan who has special needs. In addition to concerns about how to best care for them after your passing, you may also have questions about the best way to leave them your assets. It’s … [Read more...] about Special Needs Planning and Direct Gifting: Take Caution
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Estate Planning With Your Spouse: Ask These Questions
When you’re single and ready to create an estate plan, you don’t have to consult with anyone else. You can make every decision, never having to worry about the impact it could have on a spouse. Conversely, if you’re married, estate planning takes on a different form. Now, you need to consider what’s best for both you and your spouse, and that’s … [Read more...] about Estate Planning With Your Spouse: Ask These Questions
How to Know if Your Estate Plan Requires Attention
After you create an estate plan, you can sit back and take a deep breath. You now have something in place that answers questions such as: What will happen to your assets upon your death? Who will provide for you in the event of incapacity? Do you know where you want to receive long-term care? You get the point. An estate plan can … [Read more...] about How to Know if Your Estate Plan Requires Attention
What are the Duties of a Trustee?
Many people come to realize that a trust should be a big part of their estate plan. Some use it as the primary method of distributing assets upon their death, while others find that it’s the perfect secondary tool. Regardless of the approach that you take, it’s important to understand the finer details of creating a trust. More specifically, the … [Read more...] about What are the Duties of a Trustee?
Questions to Ask a Potential Guardian of Your Children
Who will care for your children in the event that you and your spouse pass on before they reach age 18? Have you thought about this, or are you simply assuming that a loved one will step in and ensure their well-being? The last thing you want to do is leave this decision up to the court. Doing so puts someone else in charge, meaning that you … [Read more...] about Questions to Ask a Potential Guardian of Your Children
Common Questions Among First-Time Estate Planners
Creating an estate plan for the first time has the potential to drive you crazy. You know it’s something you need to do, but you have so many unanswered questions that you’re unsure of where to start. Fortunately, once you get together a list of all your questions, it’s much easier to address them in a timely and accurate manner. Here are … [Read more...] about Common Questions Among First-Time Estate Planners
Estate Planning After Marriage: What Should You Do?
Once you and your spouse tie the knot, your life will change forever. And since it’s your hope that you remain united for the rest of your life, it’s important to create an estate plan with this in mind. If you created an estate plan before marrying, you’ll need to make some changes to ensure that it suits the both of you moving forward. Here’s … [Read more...] about Estate Planning After Marriage: What Should You Do?
Young Adults & Estate Planning
The specialty of estate planning is in fact one aspect of elder law, so it is not surprising that it would be categorized out of hand as being something that younger people need not be concerned with. However, this is not entirely true. The minute someone else is depending on you in any way is the minute that estate planning becomes relevant to … [Read more...] about Young Adults & Estate Planning
Are You a Caregiver? Be Sure to Care for Yourself, Too
As a caregiver, you know just how difficult it can be to keep up with your daily responsibilities. In addition to caring for your loved one, you still need to live your life. And with so much going on, it’s not always easy to take care of your own physical and mental health. While there’s nothing wrong with providing your loved one with as much … [Read more...] about Are You a Caregiver? Be Sure to Care for Yourself, Too
Avoiding Family Chaos in the Coronavirus Age
In this era of coronavirus, planning is more important than ever. This article includes a brief story about a couple who didn’t plan and the family discord it enabled. Read on to learn more. Avoiding Family Chaos in the Coronavirus Age … [Read more...] about Avoiding Family Chaos in the Coronavirus Age
