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:
Estate Planning
In this section you can find a broad stroke of articles/blogs covering all topics related to creating and understanding an estate plan.
Asset Protection
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.
Elder Law
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.
Estate Tax
Here you can learn about tax mitigation strategies.
Guardianship
Here you can learn about assigning guardianship for minors or assuming guardianship over a loved one who is mentally handicapped.
Living Trust
Everyone wants to plan for events while they are alive and not just after death learn more here.
Probate
What happens when someone dies or passes away with a Will.
Revocable Trust
Flexibility when it comes to planning.
Trusts
The different types or forms of trusts and their uses.
Medicaid Trust
Planning for Medicaid and Retirement.
Special Needs Trust
Planning for people with disabilities.
Will
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.
When you need to avoid probate on residential property, you have various toolsat your disposal. These help you save money and time when it comes to inheritance of property. One of the best ways to pass down a residential home or propertyis to use a RLT. This type of trust can be changed when you…
Every business in the world has people behind its ownership. The person that owns the business will one day pass on, and it needs to be inherited. At times, it is a sole proprietorship where only one person owns the property, and at other times, the business is owned by a team of people. When…
In almost every state, you will come across mobile homes and manufactures homes. This is also an asset for many people, and it also constitutes a home for many people out there, and it should be counted as an asset. Mobile home investors usually run into many challenges when they decide to transfer the titles…
With very many types of trusts out there, you might be at crossroads wondering what to use and what makes a testamentary trust unique. We look at the few aspects of this trust that will make you embrace it. A testamentary trust is aprovision that manages a decedent’s assets according to the instructions left in…
Many people regard death a taboo, and avoid thinking about what might happen to their families and business propertieswhen they, unfortunately, pass away. Studies show that many adults die intestate. These adults thought about drafting one, they couldn’t bring themselves to implement it. Starting a business is usually an exciting time for many people. They…
A probate attorney is a lawyer that is assigned to help an executor or administrator of a business or estate with the probate process. Most people might not be aware, but such attorneys are available for consultation, and they can even be hired by a business to help it put a business continuation plan in…
A life estate is an estate planning instrument that assures the homeowner of the right to live in and enjoy their home till they pass away. When, unfortunately,you pass away, the life deed guarantees smooth succession to your named heir. contrary to popular belief, losing your home is easier than losing a business. For statistics,…
One of the top controversies that arise when someone passes away is how the family business will be inherited. In many cases, the issue has to go to the probate court because the different parties couldn’t agree on the ownership. Studies show that only 12 percent of family-owned businesses survive to the third generation. Your…
A buy-sell agreement is one of the most powerful tools used in business. When used properly, it secures your business from uncertainties such as death. One of the worst mistakes a business owner can do is to fail to come up with such an agreement. This article discusses what a buy-sell agreement is and why…
One of the top ways to avoid probate is to work with a qualified attorney. Probate law has qualified people that can help you – and then some aren’t as good as you expect. Not every law graduate is superb at providing legal services, and at times it takes a little more research to find…