The Importance of Having a Will
When you die, your last will and testament specify what you would like to happen to your dependents and your property. If you have people who you love and care for, then creating a will for your peace of mind…
The 4 Main Obstacles to Estate Planning in the Digital Era
With the Internet of Things (IoT) intertwined with our lives, identifying and managing the digital property you own is more important than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet…
A Guide to Estate Planning
While estate planning may seem to be for the wealthy, a person’s estate is simply the property that they own, and most people own a little bit of property. Property ownership includes individual as well as jointly owned bank accounts,…
What Happens to an Inheritance When the Beneficiary Dies?
Who inherits when a beneficiary dies? You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in his place? The answer is, only if your will…
Protecting an Elderly Parent by Claiming Guardianship
In many cases, an aging parent will be unable to make informed and meaningful decisions about their life as they age. This growing inability may occur due to Alzheimer’s disease, other forms of dementia, mental illness, stroke, brain injury, or…
The 7 Worst Reasons for Putting off Estate Planning
There is not much we own as a family. Can’t we wait until we have the money to plan? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if…
The Medicaid Eligibility Process and Long-Term Care Planning
In 1965, Medicaid was established to provide healthcare to low-income and asset-poor individuals. The state and the federal governments cooperate in delivering benefits. The state you live in makes a big difference in determining when or if you are eligible.…
The Selection and Appointment of Your Legal Representatives
We have learned that life is uncertain from the Coronavirus pandemic. There is no denying that life is uncertain in the wake of the Coronavirus pandemic. Too many aging Americans found themselves with a life-threatening COVID-19 illness in 2020 without…
A Young Adult’s Guide to Estate Planning
The majority of young adults do not prioritize estate planning. Young adults in their twenties and thirties often think they don’t own enough to constitute an estate. However, an estate is the total of all you own – money, investments,…
Proposed Tax Reforms and Estate Planning
You may need to review and amend your estate plan every year to keep up with changes to federal estate tax law, gifts, and GST exemptions. Since 2018, federal tax assessment on estates above $11.7 million, indexed for inflation every…