People now are more interested in earning more and more throughout their lifetime. But nobody thinks what will happen to this lifetime earnings when he/she is gone. It might go to the wrong person who is not eligible for that. To prevent such scenarios, estate planning is the best one can do. Everybody has a…
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.
Will and trust are both an important part of estate planning. Both of them are legal documents used for transferring assets to the heir of the estate. Some people prefer will over trust and vice versa while framing the estate plan. Having both the documents in one estate plan is also possible. In such cases,…
Estate planning is something which every person requires to save his/her family when he/she is not around. If a person wants his/her family to get his/her life savings when he/she dies then estate planning is a must. Estate planning ensures that the family of the deceased do not meet any financial crisis. For efficient estate…
Estate planning is a pre-determination process in which a person plans and formulates a strategy for his/her estate. The planning gets framed for the time when the person is dead. In simple words, a person frames a plan for settling his/her estate after he/she is dead. It is a difficult task which is why it…
Estate planning is a procedure for managing a person’s assets in the event of their death. This involves how to preserve and distribute the estate of the person among the beneficiaries. Often it is tedious to do estate planning as it is a time taking process. However, it is an essential process. If you do…
If you don’t have a will you may wonder about the cost of estate planning. Looking for legal help isn’t like buying new products from a shop where you can compare the prices and buy it. Hiring an Estate Planning Lawyer Near Me 11580 can be a little expensive but in the long run, it…
You work hard all through your life to build good savings so that you will be able to leave something back for your kids and family. If you do not thread through it carefully, your heirs will not get what you intended they should. To ensure that everything goes the way you want, contact…
As you advance towards retirement, you may find yourself at the disposal of a certain number of assets that can be properly utilized to build a happy retirement life. You may also question about who to call when you need legal assistance in regards to retirement planning. This can be adequately done through an estate…
Estate Planning Attorneys can be of great help when it comes to financial planning of assets. Contrary to general belief, estate planning does not need many documents and certificates. Finding and organising the various documents required for estate planning is an easy job. But, for this you will have to understand the working and the…
Estate planning is a complicated and deep process. You may think it involves only writing a will; however, this is not the case. As the name suggests a lot of planning goes into the process. Make sure to value all your assets so that they are properly divided. Furthermore, you have to keep track of…