In estate planning, a fiduciary is an individual, professional, or organization legally obligated to act in the best interest of the appointed person. Carrying out the terms of a will or trust or making medical or financial decisions on behalf…
In spite of the fact that estate planning protects your assets, interests, and those you love, many people make costly mistakes without professional advice and guidance. Beyond undermining your intent and diminishing your financial legacy, poor planning can create additional…
Probate can be minimized or avoided altogether with the help of most estate planning attorneys. Probate proceedings are part of the public record and can be very time-consuming and expensive. However, in nearly every case, some probate is necessary, so…
It is possible that as our loved one’s age, they will no longer be able to care for themselves. Some may move into nursing homes or assisted living facilities, while others will reside with family, friends, and neighbors, or rely…
A common misconception among young adults, even those in their 30s and 40s, is that estate planning is not for them. Young adults in their twenties and thirties often think they don’t own enough to constitute an estate. However, an…
Many elderly Americans use multiple prescription medications concurrently, known as polypharmacy. The more medications a person takes, the higher the risk of dangerous drug-drug interactions and increased possibility of inappropriate prescribing, adverse drug reactions, hospitalization, and even death. Patients who…
When someone chooses you as the executor of their estate, they trust you to handle their assets and affairs after their death. Even though the decedent nominated you to be their executor, you will still need to be appointed to…
By assembling the right team for your estate plan, you can ensure that your legacy is protected for your heirs. Aside from an estate planning attorney, who often specializes in elder law, you may need the services of a certified…
When a spouse dies, it is an emotionally, spiritually, and financially challenging time in a person’s life. It is common for one spouse to handle family tax and estate plans, and a widow(er) may be looking at a complex financial…
If you are just starting to consider your estate planning options or are in the middle of the process, you probably have questions about how to distribute your assets and who should handle it. A trust can be a great…
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