Probate has been one of the most prevalent state-fuelled mechanisms found in modern history. Most families undergo this process in hopes of providing further financial security in case an individual dies. Taking into account the legal fees and the court fees which go into probating, it has turned into a very expensive affair for some…
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.
The Probate process can become a welcoming distraction from grief. Hiring specialists and attorneys for the probate process can cost a lot of unnecessary effort and money. It can become very overwhelming to focus on the probate process with low prior knowledge. Outlining the basic steps required in the probate process can help you plan…
Your loved ones can face probation of your assets if proper estate planning is not taken up. This can lead to the addition of unnecessary costs. There are many cases each involving probate of assets costing millions of dollars. The probate process can cost up to 3% to 8% of the total value of…
When a person is dealing with the probate process, they may have to incur some expenses. Now, probate is a legal process and thus cost may vary for different types of cases. It also depends upon the estate property’s value. In fact, as per experts, greater the estate value, higher is the probate cost. Also,…
Probate definitely appears to be a complex and daunting affair for many people out there. In fact, most of these people would give anything to avoid going for a probate process. However, what most people do not understand is that it is simply a legal process. It determines the formal distribution of a deceased’s assets…
What is probate is a fundamental question that crosses one’s mind when one wants to know about inheritance of a deceased person’s property. Probate basically refers to the process of settlement of a person’s estate after his or her demise. The process comes into picture to clear the outstanding debts of the person concerned. In…
Everyone has a day where they think about what happens to all their estate if they die. Will your family members get all your assets, or will the lenders try to take them away? You need to take some time and answer all these questions during estate planning with your probate lawyer’s help. It is…
Probate, in simple terms, is the validation process of a deceased’s will. A court oversees this process which involves the identification of the decedent’s assets and paying off debts. The final distribution of assets between heirs occurs upon the settlement of debts. The expanse of the estate governs the time needed to complete this process.…
While planning our estate, we usually try to find different ways to avoid or minimize the taxes we have to pay during the probate process. You can try to use numerous ways to avoid paying a huge sum of money as taxes. But not all methods will apply to your estate as the different states…
Parents get to decide some important and vital decisions for their children when they are young. Be it healthcare decisions or financial ones. Does your child have developmental or intellectual disabilities? Did he sustain any kind of injuries before he turned into an adult? In that case, you need to be given Guardianship once the…