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…
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…
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