Many people avoid estate planning as no one want to plan for their death beforehand. But framing an estate plan is very important in everybody’s life. Life is uncertain anything can happen anytime so it is always better to be prepared for every situation. Estate planning is a plan framed by a person on how…
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.
Estate planning is the process of framing a plan for monitoring a person’s estate after he/she becomes incapacitated or after his/her death. The plan gets framed at the time when the person making the plan is capable of doing it. The whole objective of an estate plan is to secure the lives of a person’s…
The whole objective of framing an estate plan is to secure your loved ones’ lives when you are not there. So, everybody tries to find different ways to make the plan more beneficial for the heirs of the estate. You must take the help of an estate planning lawyer near me 11771, to make the…
Estate planning is a process of fixing ways the assets of the estate planner will get monitored after he/she dies. Every activity done with the assets should benefit the heirs and no one else. To ensure that, it is essential to frame an estate plan. Taking help of an estate planning lawyer near me 11765…
Estate planning and probate have the same goal of monitoring a person’s assets and transferring it to the right hands. This is why everybody should plan on how to manage their assets beforehand. Many people have confusion regarding the similarities and dissimilarities of probate and estate planning. Some people think they are the same as…
Estate planning can provide a safe haven for you and your family’s future. It is all about securing your financial assets and successfully transferring them to your heir after death. You work all your life to gather these financial resources and create a legacy. Without an estate plan, no organization will support the transfer of…
A pour-over Will is a document which legally ensures that an individual’s remaining assets will be transferred to an established trust automatically upon their death. It works in conjunction with a trust with the help of an Estate Planning Lawyer Near Me 11756. What Is Pour-over Will? After the death of a person, a probate…
Many people think that estate planning only includes making a will. However, this is not it. There is much more to estate planning. Also, the process includes taking help from an estate planning lawyer near me 11753. But many people do not want to spend their hard-earned money on the services of a costly estate…
Several misconceptions are revolving around a power of attorney. People often mistake it to be similar to a will. But that’s not the case. A power of attorney is different from a will. You need not worry. An estate planning lawyer near me 11735 will explain everything. From what is a power attorney, its working,…
Estate planning is an important task for everybody despite the wealthiness of the person. It is important because it secures the life of your loved ones when you are not there. People, while framing the estate plan try to adopt different ways which can benefit their loved ones. While making the estate plan, people take…