A lot of Americans perceive estate planning as a chore they can do once and then file until they die. However, without realizing the potential consequences, many people will change beneficiaries on their accounts or make gifts during their lifetime…
As we age, we are more likely to have diminished mental capacity or declining health, so it is important to create an estate plan to protect ourselves and our loved ones. We need to make sound decisions regarding our finances…
At first glance, life insurance may not seem to have any bearing on your estate plan, but it can be a crucial part of it. There are numerous other benefits to owning a life insurance policy aside from providing a large…
While estate planning can be difficult and emotional, it is vital to wisely manage your assets and provide for your family members as you age. Your elder law attorney knows how to create an estate plan strategy that addresses these…
There are some overlaps between estate planning and elder law, but both are equally important to protect yourself and your family. The two terms tend to go hand in hand, but there are some differences. The biggest difference is that elder…
In Care.com’s annual estate planning survey for 2019, 57% of U.S. adults lack a Last Will & Testament (a “Will”). Participants differed significantly based on factors such as age, race, and education. For example, when broken down generationally, 66% of people…
Estate planning is being transformed by changing family structures. As recently as thirty years ago, a traditional family consisted of a husband and wife who married young, bought a home, had children, and worked toward financial stability and security. In…
With the Internet of Things (IoT) intertwined with our lives, identifying and managing the digital property you own is more important than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet…
Sadly, many individuals make costly mistakes without proper advice and guidance from an estate planning attorney. Estate planning ensures that your assets, interests, and those you love are protected after you die. Beyond undermining your intent and diminishing your financial legacy,…
In the event of your passing, your loved ones should not have to inherit assets only to discover they can’t access them for cash expenditures. Most retirees’ assets are in homeownership and retirement accounts, requiring a sale to get cash.…