Parents and grandparents can go to great lengths to provide for their loved ones, even after they are gone. Estate strategies for leaving behind lifetime benefits can provide life-changing opportunities. Estate planning, however, is not just about maximizing inheritances.  It can also involve making arrangements for certain family matters, such as protecting a loved one who...
College may be more expensive than ever, and sending your kids to school to earn a career-rewarding degree may feel practically required to compete in today’s economy. Many parents and grandparents struggle to meet the financial burdens involved, and students can often feel forced to take on crushing debts. Even affluent families struggle to keep up....
Have you considered that few things may be as rewarding as helping others? Millions of people give to worthy causes every year and the government provides tax benefits as an incentive. This dynamic, however, also applies to estate giving, and trusts offer certain advantages. A charity can be the beneficiary of a revocable trust or irrevocable...
Raising important estate planning issues with an aging parent can be uncomfortable. Emergency health care plans and death are not exactly fun conversation topics nor are financial inheritance concerns. When approached with care, however, have you considered that elder parents may be far more receptive to discussing these vital issues? Rather than confront them directly and...
What happens when seniors become seriously ill or injured and can no longer care of themselves? What if advanced age inhibits a senior adult’s ability to keep up with necessary medications, regular hygiene, or basic finances? Many people think that a family member could step in and take over their affairs, if that is an option....
Did you know that failing to prepare an estate plan can not only harm your future, but it can also negatively impact your children? Estate planning involves legally binding arrangements regarding health care and financial considerations during a person’s lifetime, as well as the transfer of authority and wealth when a person becomes incapacitated or dies....
Most college kids would rather think about their social lives or academic performance than an estate plan. Have you considered as a parent, however, that failing to secure healthcare estate documents before returning to school in the fall could derail their college experience, or worse? Whether protecting against a random accident or the recent surge in...
It may be no secret that we live in a litigious society. Business owners, people worried about an expensive divorce, working professionals who operate in a legally treacherous environment, and others, are all potentially at risk of devastating lawsuits. Did you know, however, that a Domestic Asset Protection Trust is one way to protect yourself? First,...
Were you aware of the fact that there are many different types of trusts in estate law? For example, a marital trust can be a legal arrangement that transfers assets to a surviving spouse after the trustmaker’s death. A credit-shelter trust allows married couples to take full advantage of state and federal estate tax exemptions. A...
Do you realize how important it can be to have an estate plan in place? The recent spread of COVID-19 is a stark reminder about how unpredictable life can be and how the tragedy of serious illness can strike seemingly out of nowhere. Let us take these unprecedented times as an opportunity to focus on what...