The covid-19 pandemic had hit the world hard, affecting the lifestyle of the people. It not only affected the world’s economy but different other things also. Estate planning is one of the areas that also got affected during this pandemic. People who were not so serious about estate planning are now thinking of doing one.…
In the articles section you can find blogs that discuss all areas of Estate Planning. By going to the articles section and reading some of the blogs you are able to better educate yourself on the different products and concepts of estate planning.
Estate Planning includes:
- Planning for pass through of assets upon death,
- Planning for minors (Setting up guardianship designations or special needs trusts),
- Utilizing tax mitigation strategies (for example the current gift tax exemption),
- Creating a form of asset protection (from creditors and predators or as a form of marital asset protection),
- Setting up healthcare proxies ( giving someone your trust the ability to make healthcare decisions for you in the event you are unable to do it for yourself),
- Setting up Power of Attorney (enabling someone to make executive decisions regarding your assets and finances in the event you are unable to and it is necessary),
- Medicaid or Retirement Planning (Divesting yourself of assets to qualify for Medicaid or Government subsidies),
- End of life planning using living will or last directive (Indicating burial requests and tube feeding or resuscitation in the event it is necessary).
In the articles section we have gone ahead to make it easier for you to find the topic of interest by creating subcategories. Our goal is to make it simple and easy for people to come to our website in order to educate themselves about the different types of trusts for example Revocable Trusts and Irrevocable Trusts or Special Needs Trusts and Supplemental Needs Trusts.
In the articles section you will find the following subcategories:
In this section you can find a broad stroke of articles/blogs covering all topics related to creating and understanding an estate plan.
A very common concern for people with families or high risk professions for example doctors, lawyers, policemen, firemen, accountants and so on. Newlyweds seeking marital protection and people with large cash liquidity might also be worried about their exposure and seek asset Protection.
At some point in our lives we are done working and are ready to retire and want to know the best practices for retiring. Here you can learn about pass through of assets, divesting of assets and planning for your final days.
Here you can learn about tax mitigation strategies.
Here you can learn about assigning guardianship for minors or assuming guardianship over a loved one who is mentally handicapped.
Everyone wants to plan for events while they are alive and not just after death learn more here.
What happens when someone dies or passes away with a Will.
Flexibility when it comes to planning.
The different types or forms of trusts and their uses.
Planning for Medicaid and Retirement.
Special Needs Trust
Planning for people with disabilities.
Planning for pass-through of assets.
Will and Trust
Different uses of having both documents a Will and some form of Trust.
If you are shopping around or look for ways to vet an Estate planning Attorney/Lawyer and wish to better educate yourself on the topic the articles section is for you.
With adulthood comes responsibilities to financially support your family and the loved ones. It is advisable to start planning your future well in advance to strongly build financial security. Death or illness can happen to anyone at any point of time in life. Preparation and planning for this are necessary to deal with the situation.…
To Understand Taxation Laws For Estate Planning Strategies Ask Estate Planning Attorney Near Me 11801
Estate planning is the development of a system to transfer the ownership of the property to someone who the real owner wants to transfer. The Estate Planning Attorney Near Me 11801 transfers taxes which include the minimizing estate tax liability, and succession of the family business or farm. It may also include equitable distribution of…
Retirement planning is a multistep process that keeps evolving as time passes. To have a comfortable and easy life after retirement you must need to build a financial cushion that will fund it all. Planning for retirement starts when you start deciding what you want to do after you retire. To achieve your goals after…
Estate planning can be sometimes very tricky to think about. Well, it makes everyone think about their property related factors that will happen once they are alive and after they are dead. Well, it’s quite obvious that estate planning is important for everyone regardless of the age, because of the benefits it provides to every…
When we go through the many milestones of our life, it is important to plan for the future. Most people have the biggest misconception about estate planning, which is that they think it’s only for the senior citizens. well, nothing is certain and anything can happen any time. The earlier you start your estate planning,…
If you are not sure about what estate planning is and why you should do it, then we’ll be discussing the same here. Well, this keeps your assets safe for your future generations. Estate planning refers to the process of preparing tasks that serve to manage a person’s assets in the event of their death.…
Digital assets sometimes get excluded from the estate plan as most people don’t think these assets to be necessary. If the estate planner excludes digital assets from the estate then the heir will never know that they existed. In today’s world, digital assets are having a lot of value as compared to the past. Therefore…
Every person worries about what would happen to their family’s livelihood upon their death. This is more serious in cases where the person is the sole earner of the family. So, in order to secure their family’s life in the event of their death, people frame estate plans. Estate planning instructs on how the assets…
Many people have the misconception that estate planning is for wealthy and older people. But this is untrue because every adult should consider making an estate plan despite his/her financial conditions. People try to avoid the estate plan as they dont want to plan for their death beforehand. They think that it is irrelevant. But,…