COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. The disruptions from the social distancing required to fight the virus have been felt by people around the world. As we mark passing holidays, we reflect on the importance of family. Learn how to share time with family during this pandemic and … [Read More]
Incapacity Planning: Choose Representatives in Advance
It is said that “experience is something that you get just after you need it.” There is a lot of truth in this statement, and that’s the way life is in many ways. You cannot fully understand something until you have experienced it, and it is not always easy to learn these lessons. This certainly … [Read More]
A QPRT Can Provide Estate Tax Efficiency
There are asset protection trusts that can be used to reduce the burden if you are exposed to the federal estate tax, and one of them is the qualified personal residence trust (QPRT). Before we look at the value of QPRTs for people who are looking for tax efficiency, we should explain some things about … [Read More]
Veteran Special Pension Is Often Overlooked
The veterans benefits attorneys here at our firm can help you understand how to cope with long-term care costs if you are a former military service member. There are various different ways to proceed, and the ideal approach will depend upon the circumstances. This is why personalized attention is so very important, and this is … [Read More]
Include a Letter of Final Instructions
As a layperson, you are simply not going to understand every aspect of the estate planning process. One factor that people often overlook is the estate administration component, and we will look at an important facet in this post. Estate Administration When you plan your estate, you have to record your final wishes in a … [Read More]
Consider a Medicaid Trust
As elder law and estate planning attorneys, we can help you prepare for the future in a holistic manner. One stage leads to another, so it is important to meet the eventualities of aging head-on as you create a pragmatic plan for your twilight years. Medicare Falls Short If you work and pay taxes for … [Read More]
What Is a Third Party Special Needs Trust?
It is important to be absolutely certain that you are providing for everyone that you love in the ideal manner when you plan your estate. This is why personalized attention is key, because if you make mistakes, your good intentions could ultimately yield negative results. With this in mind, we will look at the value … [Read More]
Avoid These Estate Planning Mistakes
Unfortunately, we sometimes speak with clients that come to us after a loved one has passed away. They are in difficult situations because of the mistakes that were made by their deceased family members. We do what we can to provide damage control, but our options are usually quite limited. This is disturbing, because in … [Read More]
Are Your Advance Directives in Place?
Estate planning is considered by many to be a purely financial exercise. Without question, you have to decide how you want your assets to be distributed after you are gone and state your wishes in a legally binding manner. However, a well-constructed estate plan will include another component. Sadly, many people become unable to communicate … [Read More]
Why Would You Use a Living Trust?
You have options when you are planning your estate, and you should understand them thoroughly so you can make informed decisions. A lot of people assume that a last will should be the centerpiece in almost all cases unless you are very wealthy, but this is not really the case. In many instances, a revocable … [Read More]
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