3 Benefits of Having a Will in Place

While most people adequately plan and manage their daily affairs, however, many fail to make adequate arrangements related to the distribution of their property after their passing. For example, according to statistics, as much as 60% of Americans have no valid Will in place. A Will is an essential estate planning document every adult should prepare - regardless of their age or the value of their property and assets. Read More

A Brief Overview of Life Insurance Trusts

Just like tools in a toolbox, legal instruments related to estate planning can be simple and versatile - like Wills or Powers of Attorney - or complex and precise, allowing a person to achieve specific goals related to the unique circumstances of their estate. Life insurance trusts are one of the more advanced estate planning instruments. Read on to learn what they are and in what circumstances it may be useful for Read More

3 Ways You Can Minimize Your Estate Tax

One of the primary reasons to create an estate plan is to ensure that a person’s wealth will be swiftly and effectively transferred to their heirs. The estate tax, however, can often get in the way of fulfilling this goal by reducing the amount of wealth the deceased person’s family members will receive.  The estate tax is a federal tax levied against the net value of a decedent’s estate owned at the time of their Read More

A Brief Guide to the Probate Appeals Process

When a deceased person’s Will and estate go to probate, parties who have some financial or personal interest in the estate may not always be completely satisfied with a court’s decision regarding various aspects of the process. If you disagree with how matters have been handled with regards to a probate issue you or your family member have been involved with, you may resort to the probate appeals process. In this Read More

Don’t Put it Off: Why You Need a Will, Even If You’re Young and Healthy!

More than half of Americans don’t have any of the essential estate planning documents such as a Will. There may be many explanations for this trend, but one of them likely lies in the current U.S. demographics. In 2019, Millennials are projected to overtake Baby Boomers as America’s largest demographic. Currently, they constitute about a quarter of the total U.S. population. And a grand majority of Millenials - up to Read More

Elder Law: How to Protect Your Loved Ones as They Age

As parents get older and enter into their seniors years, their adult children become acutely and somewhat painfully aware that the people who cared for and protected them for the most of their lives now require tender care and loving protection themselves. Sadly, the particular challenges related to old age - such as physical infirmity, emotional frailty, or dependence on others to name just a few - can make the Read More

Estate Planning 101: What Happens if You Pass Away Without a Will?

A Will is one of the most important documents you can prepare in your adult life. It constitutes the basis of every estate plan and as such is instrumental in securing your legacy and a stable financial future for your family after your passing. Yet, despite the enormous importance of this step, more than half of Americans don’t have any estate planning documents in place. This holds true both for ordinary people but Read More

What Is a “Living Trust” and When Is It Helpful?

A living trust can be a practical and versatile addition to an estate plan that can help a person achieve more estate planning objectives. Unlike a Will, a living trust comes into effect during the lifetime of a person who creates it even though its provisions are designed to secure the interests of the person’s family and estate after their passing. In this article, we will explain how a trust is created, the Read More

What Is the Difference Between a Medical Power Attorney and a Health Care Surrogate?

When you think about estate planning, you likely immediately think of a Will. A Will is, indeed, an important part of every estate plan and each American adult should be encouraged to create one, preferably under the direction of an attorney. However, even though estate plans are usually associated with making arrangements for after one’s passing, they should also include a person’s wishes in situations where they Read More

Estate Planning: The Advantages of Creating a Trust

When people think about estate planning, they usually think about having a simple Will. Indeed, a Will is one of the most important elements of a solid estate plan and, in fact, one of the most important documents one needs to write in his or her adult life. However, a good estate plan must include arrangements that go beyond a Will. Why? Simply because a Will is limited. For example, even with a Will in place, a Read More