When a decedent leaves behind some debts or credits to be paid off, they are usually taken care of by the estate. In fact, these credit card debts may be an additional worry for people while they are doing estate planning. The worry concerns about who will pay off the credit card debt after the…
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.
Probate is a legal process as it is under the control of the probate court. It is the court who administers the probate process. The court follows state laws while managing or administering the probate process. State laws are different in every state, which is why probate is different in every state. The operations involved…
Probate is a legal process of administering the estate of the deceased and paying out his/her debts. The funds remaining after clearing out all the debts are then transferred to the heirs or beneficiaries. The name of the heirs or beneficiaries is in the will. All this doesn’t get completed automatically but gets managed and…
As we all know, the estate of the deceased is administered through a process called probate. Probate being a legal process, gets controlled by the court. So every activity of the process should get performed according to the laws imposed by the state. Any deviations from the law can cause serious legal troubles. Every state…
Many people prefer to make a will so that after they die, their assets get transferred to the right person through probate. For a person, the purpose of creating a will is to share his/her live savings with his/her loved ones. Transferring assets to the loved ones can save them from the problems they might…
A person makes a will with the sole purpose to secure his/her family’s life after he/she is gone. Will also prevent disputes among the heirs and beneficiaries as it is mentioned in the will that who should get what. People want to pass on their life savings to their loved ones through this will to…
The probate process is a long process with different activities that sometimes can be exhausting. Being a legal process, every step taken in the process should be according to the law. Any deviations from the law in the probation can cause serious troubles. To execute the process legally, a bundle of documents gets involved. Absence…
Executing the instructions given in the will through probate is a legal process. And we all know legal processes take time because of the involvement of the court; thus, probate also takes time. The probate court is responsible for carrying out all the activities related to probate in a smooth and an efficient way. The…
Probate is a legal process that takes a lot of time to get executed. A long probation process can be really stressful for the heirs because handling the burden of probate along with the grief of losing a loved one is really difficult. So, every heir wants to finish the process of probation as soon…
Probate is a legal process through which the assets of a deceased gets transferred among his/her heirs or beneficiaries. Probate, in simple words, is a process in which a will gets executed. There is no need for probation if there is no will. Every person should consider making a will in order to secure his/her…