You may have heard of the term Probate, but what is Probate? Well, there are couple of things you need to understand, such as. A person is given the choice during life to plan their estate or to do nothing and leave the pass through of their estate up to the state intestacy laws and…
Wouldn’t it be wonderful if life were simple? You have a task; you get it done and then forget about it. But as the admirable Forrest Gump’s mama said, life is a box of chocolate; you don’t know which one you’re going to get. So you got to prepare for everything. Estate planning is one…
Relationships can fall apart for many reasons, and sometimes it gets too difficult to forgive and forget. Not everyone bound to us by blood stays that way for life; people grow, change, and move—sometimes out of our lives and hearts. If an estrangement has taken place in your family, you may be wondering whether it…
When most people get in touch with an estate planning attorney, they seem confused about the varying laws of different American states. Estate planning for properties in two different states is difficult enough, but when a whole other country is involved, you can’t go without some intensive study into estate law. If you don’t understand…
When it comes to estate planning at times parents may want to disinherit a child, or children. Some of us may simply want more clarity or assurance on the topic of disinheriting or making sure that an ex-friend or relationship gets nothing once we are gone. In reality if you’re worried about an ex-friend or…
When it comes to estate planning one of the major concerns for most parents is security for their minor children. Who will take care of them and become their guardian in the event that something happens to both parents? If there is only one parent to begin with due to death or abandonment there is…
Estate planning involves liquidity, whether it is physical cash or something that can be sold for cash like jewelry or real estate. Cash, as most of us learn as we get older, can cause those that desire it to do strange things. So one of the first things to consider when creating an estate plan…
When it comes to estate planning at times parents may want to leave unequal amounts of property to their children. Now while they wish to leave more to one child versus the next they don’t want such a decision to come across as if they are favoring one child over another. It is important when…
In addition to the selection of either a Will or living trust, a comprehensive estate plan should include a Health Care Proxy and Living Will (sometimes within the same document) and a durable general Power of Attorney. The Health Care Proxy and Living Will address the termination of life support in the event of a…
We receive a lot of questions related to Medicaid and irrevocable trusts. Families usually reach us in order to receive guidance when their loved ones receive an unpleasant diagnosis, or they get admitted into an old age home. Under such circumstances, people start gaining knowledge and understanding about estate planning processes in order to protect…