Estate planning can seem complicated and overwhelming if you do not know anything about it, and this is understandable. In this post, we will break it down to some easy-to-understand steps to help you get started if you are currently unprepared. Evaluate Your Assets It is important to inventory your assets and tally up the … [Read More]
Pet Trusts Are Not Strictly for the Rich and Famous
You may have heard about the elaborate estate plans that have been created by some very wealthy people. As a case in point, a number of years ago, the estate of the “Queen of Mean,” billionaire Leona Helmsley, was in the news. She may have been mean to some, but she had an entirely different … [Read More]
Small Business Asset Protection Includes Tax Benefits
You can enjoy dual benefits if you establish an asset protection structure for your small business. Your resources will be out of harm’s way, and you may be able to reduce your tax liability. Limited Liability Company One structure that can be very useful for a wide range of business owners is the limited liability … [Read More]
These Long-Term Care Facts Will Get Your Attention
The matter of long-term care is the most pressing issue that elder law attorneys address on behalf of their clients. If you have not given it much thought, these compelling facts should definitely get your attention. You will probably need long-term care. According to the United States Department of Health and Human Services, just over … [Read More]
Report: Expect Nice Social Security COLA in 2022
Social Security recipients can see cost-of-living adjustments (COLAs) that will increase their benefits when inflation justifies it. The inflation rate has been low over recent years, so the adjustments have been minimal. Last year, the COLA was just 1.3 percent, and it was 1.6 percent the previous year. This sounds disappointing, but there were no … [Read More]
A Discussion With an Estate Planning Lawyer
Imagine yourself striking up a conversation with the person sitting next to you on an airplane. You find out that they are an estate planning lawyer, and they are open to answering questions that you have about the subject. This would be a great opportunity to walk away with some important information. In this post, … [Read More]
VA Aid and Attendance Pension Can Give Seniors a Boost
You should be aware of the potential impact of long-term care costs when you are looking ahead toward your retirement years. The United States Department of Health and Human Services has found that seven out of ten seniors will require living assistance eventually. Just over 50 percent of elders will incur long-term care expenses, and … [Read More]
Estate Planning: Separate Fact From Fiction
People sometimes pass along “information” about estate planning that is untrue or incomplete, and this can lead to mistakes that yield negative consequences. In this post, we will look at a handful of estate planning myths that can lead you astray. DIY estate planning is a simple solution. You can buy generic, fill-in-the-blanks legal documents … [Read More]
Neither Age Nor Health Determines Whether You Need an Estate Plan
Most people associate Estate Planning with the elderly or very wealthy. This article explores situations in which Estate Planning for the young and healthy is advisable. Read on to learn more. [Read More]
What Are the Responsibilities of a Fiduciary?
A fiduciary is an individual or entity that has a legal responsibility to look after the best interests of an engaged party or parties. There are fiduciaries that play a role in the estate planning process, and we will take a look at the subject in this post. Estate Executor When a will is used … [Read More]
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