A few months ago, no one outside the medical fraternity had heard or come in contact with coronavirus. Now, the top news on all news stations is the virus and its effects. The epidemic is spreading at a very fast rate, faster than any other previous disease that has been recorded. The condition is feared…
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.
It is not uncommon for people to own assets in other jurisdictions, including regions or states. This is because many people are wealthy enough to reside in different jurisdictions in their lifetime. Many people also take advantage of business opportunities in these jurisdictions, meaning that they end up setting up their assets in these areas.…
The definition of children in estate planning is twofold – it can mean those offspring that are below the age of 18, or it can mean any offspring of any age.This chapter looks at minor kids because they are a critical part of any succession plan. Let us look at the intricacies that make up…
When it comes to estate planning, get prepared to handle a few issues that relate to human emotions and law. When it comes to legal matters, you shouldn’t have any issue because an estate planning lawyer is ready to do everything for you. It is the emotions and the blend in property that can lead…
Pets have become a good companion for people of all ages. And when the people depart, they usually decide to designate their pets as an heir of part of the estate.We have seen pet lovers that have left vast estates to their furry friends, and we wonder how this happens. Today we look at the…
For most people, the family home represents a vital part of the estate we own. Losing the home is one of the most dreaded events that can happen to us. This is because apart from the monetary value that is attached to the home, we are also emotionally attached to it. Studies show that more…
You can come up with estate plans on how your wealth will be shared when you pass away, but has the thought ever crossed your mind that both of you might die the same day, or a few weeks apart? When coming up with a will, the common thought is that your estate will be…
The long-term goal of asset protection is to provide security against any threat to your wealth. So, how does estate protection do this? Asset Protection Helps Avoid LawsuitsNew York City is placed third on the annual list of “judicial hellholes” in the US. It boasts of individuals that have sued others more than 25 lawsuits…
Many people only have a vague idea of what happens when they get sued by say, a creditor that wants his money back, or by an ex-spouse that wants part of the estate after divorce. We need to review this process so that you understand how important it is to protect your assets the right…
You have heard it all – people take asset protection strategies to be meant for only a select group of people. Some people feel that their wealth is already safe, and nothing can harm it. This is such a naive attitude.Many people that have this attitude end up losing their assets in very simple ways.…