The parents of a minor are responsible for making decisions for their child. A minor doesn’t have the ability to make his\her own decisions. Parents are the legal guardians of every child. In some cases, minor didn’t have parents to make decisions on behalf of them. In such cases, the family of the minor appoints…
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.
Guardianship is a power that authorizes a person to make decisions for an individual. The decision can be a financial decision or a health-related decision. The persons with these powers are generally known as guardians. A guardianship medical gets appointed by an individual to make health decisions on his/her behalf. An individual needs to appoint…
When you are looking to make your estate plan, you will come across guardianship and power of attorney. These two are the most important documents. They also have similar functions when it comes to protecting your estate. But the only difference being is who you make the agent. The control and ownership over the assets…
Have you ever wondered what will happen to your child if, unfortunately, both the parents die? A lot of people think that the child will be sent to the nearest family member. Well, this might be true in some cases, the court will try to place the child within the family. But what if the…
An Incapacitated Person (AIP) applies for a legal guardian to take responsibility for that person and the property and finances. This kind of case is under Article 81 guardianship. What Is Article 81 Guardianship? Article 81 is a law of guardianship. This act is an adult guardianship. Through this law, the supreme court of a…
An emergency guardianship is needed for the person who has just lost the ability to take the responsibilities by own. For the property and other management, the court appoints an emergency guardian. What is Emergency Guardianship? Emergency guardianship is an urgent court process. Through this process, the court appoints a guardian for a person in…
Guardianship of a child and conservatorship are two different processes for getting the legal rights of a child or adult. You should know the differences and similarities between these two. What Is Guardianship Of A Child? Guardianship is for those persons who are not the child’s biological parents. A person who wants the legal rights…
The parents are always the natural guardians of a child. Whether adoptive or biological, the parents are responsible for their well-being and growth until he turns 18. However, there are situations where the parents cannot take their children’s responsibility. Are you afraid regarding the child’s safety, health, education, and more? The only way out here…
The death of both the parents of a child is miserable. Hence, parents should plan a Will for minor children from beforehand. Hear the parents should appoint a guardian for their child. The guardian will be responsible for taking all the decisions of the child’s life. If the parents did not design the Will, then…
It is always preferable for the child to stay with their parents. However, in some cases, the parents are not suitable for the proper growth of the children. During such situations, others might come up to take all responsibilities of the child. The court might grant the caregiver permanent or temporary Guardianship of Children. It…