Living wills are not last wills and testaments that indicate how you want your assets to be distributed after your death. Instead, it is a mechanism to communicate to your family and doctors how you want medical care conducted when…
It is common for Americans to view estate planning as a one-time task that, once completed, can be filed away until they pass away. However, without being aware of the potential impact, people will make gifts during their lifetime or…
Over the course of their working lives, American workers contribute to the Social Security fund through payroll taxes. Individuals may opt to receive Social Security benefits as early as age 62. However, claiming SS benefits before the full retirement age…
Planning for succession and estate planning for farm and ranch land, livestock, equipment, and other personal property can be challenging. There is a common misconception that federal estate taxes threaten farm or ranch property, preventing assets from getting to rightful…
Upon your death, your will addresses who will inherit your assets and properties. Wills are legally binding when properly filled out. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution, your…
When you lose a spouse or long-term partner, it is difficult to think beyond your grief. However, it is crucial to understand there are important and timely decisions you need to make regarding your finances and personal estate plan. In…
Pew Research Center’s survey of American adults conducted in 2021 found that 23% belong to the “sandwich generation”. As the senior population grows and younger adults struggle to gain financial independence, many middle-aged adults find themselves “sandwiched” between their children…
The senior population is growing rapidly, as are their financial, health, and legal needs. Because of this, it’s more important than ever to understand the value that elder law attorneys provide to the population. Our senior community has very specific…
There are many major decisions we must make as we age, and one of them is where to live. We may ask ourselves, “Am I able to remain in my home independently, or do I need assistance?” If the answer…
People procrastinate with estate planning because thinking about the end of one’s life can be uncomfortable. Estate planning is for all adults, but it becomes even more critical as we age. Other people believe that estate planning is only for…
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