The law describes estate planning as a legal document summarizing the property a person owns and how to distribute these assets when deceased. Property ownership includes individual as well as jointly owned bank accounts, stocks and bonds, retirement accounts, real…
Most people consider their home or other real property the main part of their overall net worth. How the home and other pieces of real property are titled deserves careful consideration. Real estate constitutes the land and any structure, including…
In deciding who will inherit your property, the most simple way would be to divide it equally among the children. That is the straightforward choice when all your children are doing equally well. But if not – if, for example,…
A blended family is where a couple brings children into a marriage from a previous marriage and then possibly has children together. Blended families highlight the need for careful estate planning to make sure the needs of each spouse are…
At times, family members end up fighting over a parent’s favorite items when that parent dies. Arguments can take place over things like a coffee mug, a piece of jewelry, or a painting. These types of arguments can be eliminated…
As we grow older, the need for estate planning becomes more important. Many people avoid estate planning because they do not want to think about the end of life, failing health, or disability. Others believe that an estate plan is…
The federal estate tax exemption allowance seems to be at risk of being reduced, and so it may be a good idea to reevaluate your estate plan. Senate Democrats are proposing to lower the current estate tax exemption from $11.7…
A pet trust makes it possible for you to continue to provide for your pet when you have passed. A pet trust is a legal arrangement that will specify how to care for and take care financially of your beloved…
To be sure your final end-of-life wishes are followed; you must prepare an estate plan. Many put off making these plans thinking there is always time. The sad reality is that none of us are guaranteed time. Others may be…
If you have a child with special needs, you will require expert advice in estate planning. Looking to the future as to how your child will be able to function in the world as they age is particularly tricky to…
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