People of all ages, who have some assets to their name, should consider will planning. Will planning should especially be important to people over sixty years of age. Wills are crafted to resolve the potential disputes that are expected to occur after the demise of a person. However, there are instances when will planning ends […]
Pitfalls of Will Planning Read More »
Market value and tax laws are the things that never stay consistent. Hence, you also need to be prepared to amend your estate plan according to the variations. Talking specifically about the COVID era, we have experienced and are still experiencing uncertainty in politics and markets. To help you with the current circumstances, this article
How to Create an Estate Plan that can be Quickly Modified Read More »
Pets have their special place in households. We cherish their love and companionship. However, there are some animals that become more than pets. Let’s take the example of horses. They are a lot more than just being loving members of the family. Horses are a valuable investment who become your companion in exercise, assist in
Estate Planning for Your Pets Read More »
Selecting the right trustee to look after your estate forms a significant part of ensuring that your estate is settled the way you want it to and your assets are distributed according to your wishes. You ought to put a great deal of thought into selecting the trustee to safeguard your estate. The trustee can
Removing a Trustee in Pennsylvania Read More »
The recent Texas case of Marshall v. Marshall has various lessons to tell. Want to know what the case is about? Here you go. The case was initiated by the beneficiary against a trustee along with five co-trustees of two trusts. The beneficiary claimed that they had breached fiduciary duties. Following the initial lawsuit, the
Critical Considerations when Appointing a Co-Trustee Read More »
Transfer on death accounts designate the beneficiary recipients who would receive the assets after the death of the real account holder. Once the transfer on death account is created, the assets pass on directly to the assigned beneficiaries as the owner passes away. Transfer on death accounts helps avoid probate, but they must be coordinated
Dangers Associated with Transfer on Death Accounts Read More »
Every efficient financial plan fundamentally involves estate planning. The task becomes even more challenging when you need to discuss this issue with your loved ones. One reason why it is tough to discuss estate planning is that it often involves uncomfortable talks such as those related to death or disease. It is a common practice
Helping Your Loved One with Estate Planning Read More »
Death and disease are topics that no one likes discussing, especially when it is about themselves. As much as it seems uncomfortable, it is vital to engage in adequate estate planning. This would ensure that your loved ones don’t have to go through any undesirable conditions while your health begins to decline or you pass
4 Crucial Estate Planning Decisions to Make While You Are Still Healthy Read More »
Elderly individuals often struggle to know how to choose assisted living facilities. This is a transition for them to access intensive care from nursing homes. The assistance comes in many forms like cooking, cleaning, and hygiene while they have their independence. If you are wondering how to choose assisted living facility, you are at the
How to Choose Assisted Living Facility? Read More »
We are talking about an area of law that assists us in maintaining control over four basic facets of our lives and assets. You must be wondering what they are about. Well, we have got you covered. This article covers the four basic areas in which elder law estate planning helps us. #1 Planning for
The Four Basic Protections of Elder Law Estate Planning Read More »