There are astronomical costs associated with nursing home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet if…
Your estate planning documents should be reviewed periodically, particularly after big life changes such as marriages, births, divorces, and moving to a new state. Children grow up, marriages dissolve, property gets sold, and residences change. That’s why we recommend that…
It’s unpleasant to think that a traumatic event or a chronic illness might incapacitate you. People are unfortunately affected by this every day. With this knowledge, many people like to prepare in advance for the kind of treatment they want…
Though probate has a negative reputation, thoughtful estate planning can often prevent or minimize the need for it. In reality, most heirs will have to navigate the probate process to some degree after losing a loved one. Understanding what probate…
In light of the potential lowering of the federal estate tax exemption allowance, it might be time to rethink how you plan on passing generational wealth to your descendants. Senate Democrats are proposing to lower the current estate tax exemption…
Divorce is rarely an easy process. It is a stressful and emotional experience. There are many factors to consider that may also change over time. For younger couples, children are likely a top concern. For older couples, a long-term home,…
Legally, probate is the process of authenticating the will of a deceased person, reviewing their assets, paying their debts and taxes, and distributing their remaining assets to their heirs. After an asset-holder dies, the court will appoint a valid will’s…
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…
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…
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,…