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…
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.
Repossession or a foreclosure is one of the issues that you many people dread. You lose assets that are vital to you, and this might leave your family stressed and unable to know what to do. Repossession also adds to the current debt, which will put more assets in jeopardy. A qualified asset protection attorney…
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…