We find that clients sometimes have questions about guardianship and conservatorship. With this in mind, we will provide some clarity in this post, and this is an important elder law matter. What Is Child Guardianship? Caring.com has been conducting annual surveys to keep track of the estate planning preparedness of American adults. In 2022, two-thirds of respondents did not have estate plans in place. As you might expect, younger people are less prepared than their older counterparts. At … [Read more...] about Guardianship and Conservatorship: Frequently Asked Questions
When you plan your estate, you make conscious decisions about the way that your monetary assets will be transferred after you are gone. A lot of people think that estate planning boils down to the creation of a will, but there are other ways to transfer assets. Personalized Planning There are different approaches that can be taken, and the right way to proceed will depend on the circumstances. For example, let’s say that you have someone with a disability on your inheritance list, and they … [Read more...] about What Is Estate Planning?
Many people that do not have estate plans in place say that they know they should act, but they don’t know where to start. This is understandable when you are entering territory that is unfamiliar to you, and in this post, we will share four simple steps you can take to get started. Assess Your Resources You should evaluate your assets and gain an understanding of the resources that will comprise your estate. From a broader overview, if your estate is going to be worth millions of dollars, you … [Read more...] about Four Defined Steps You Can Take to Shape Your Estate Plan
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 many cases, the negative outcomes could have been prevented if the appropriate steps had been taken in advance. In this post, we will share a few of the scenarios that we run … [Read more...] about Avoid These Estate Planning Mistakes