Estate planning can be done by people of any age, but it’s especially advantageous for aging parents. While death is the last thing most people want to talk about, it’s important to have those conversations and work toward creating a favorable estate plan.
If you have aging parents...
There is never a bad time to create an estate plan, but crafting your estate plan should not be a one-time event. Your familial and financial situations can change over time. The plans you made ten years ago for how your affairs should be handled may not reflect your present circumstances.
Estate plans serve many purposes, including ensuring your loved ones are provided for after you’ve passed.
Whether you’re in a blended family and need to create an estate plan or had an estate plan before forming a blended family and need to revise, an estate planning attorney can provide...
As a new parent, it probably feels like your life is just beginning. After all, this is a step into an entirely new adventure, which brings exciting new responsibilities. Along these lines, wills and trusts are probably one of the last things on your mind. However, developing a trust this early in...
The end of the year is fast approaching, and with it come all of the holiday preparations that must be made.
Among dinners to plan, travel arrangements to make, and gifts to buy, your end-of-life care and disposition of your assets are probably miles away in your mind.
The holidays can be a wonderful time, with carols, cocoa, and chats with loved ones by the fireside. With everyone in attendance, the holidays can also be an opportune time to discuss any pressing family matters, such as living wills and trusts. Understandably, these subjects are best approached with caution, as keeping...
When estate planning, your natural inclination may be to leave your assets entirely to your family and friends, however, you may also be considering giving some of it away to charity. After all, charitable giving is a lasting way to preserve one’s legacy and continue giving long after passing on.
One of the benefits of estate planning with an experienced wills and trusts lawyer is that it reduces the amount of taxes your estate will be subjected to after you pass and, therefore, the amount of taxes your heirs will pay on the assets they receive.
When it...
