Estate Planning

  When it comes to digital assets, traditional estate planning elements are largely obsolete. In the form of cryptocurrencies like Bitcoin and non-currency blockchain tokens, crypto-assets might represent significant individual wealth. If you have any of these asset classes, taking…

One important new year’s resolution that needs to be kept is to visit your elder-law attorney, so that your estate plan is in order. This pandemic is not done with us yet, unfortunately. Obviously, we wish you well, but if…

  In this new year, it is more critical than ever to take stock of your life and your health care planning. We continue to respond to the ever-present threat of COVID-19 in its many iterations, and we identify what…

Typically, a will appoints a representative (executor) to publish the date of death of the testator in a local newspaper. If the decedent owes a debt to creditors, this information serves as a notice to them. Personal representatives must also…

  Your friend Rose has established a trust and would like you to be a trustee. Despite your desire to help, you are afraid to take on so much responsibility. The property would be managed by you on behalf of…

  During the past year, the number of Americans with a will has only increased by 2.5 percent, according to a survey by Caring.com. Globally, the percentage of individuals with a will continues to decline, falling from 42 percent in…

  A legal approach to avoiding probate is an excellent way to minimize taxes, keep your estate private, and avoid having to seek court approval at every stage. Time, frustration, and, in many cases, significant court and attorney fees can…

  According to findings from research conducted by Genworth, the US Department of Health and Human Services estimates that 70% of Americans will need some sort of long-term care (LTC). The median annual cost of these services in 2020 is…

  What happens to your inheritance if your beneficiary is no longer alive? If you leave the property to your brother Jim, but he dies before you, will his children inherit the property? That depends on whether your will expresses…

Though probate sounds complex and expensive, it is a legal procedure that formalizes the process of passing assets from descendants to their chosen heirs. Whether you need probate depends on the type of property you own, how you own it,…