Avoiding Inheritance Mistakes
As we deal with a loved one's death and receive an inheritance, we experience mixed feelings. The loss of a loved one is sad but the influx of funds can bring joy or relief. It can be hard to think…
An American Home Health Aide Shortage is Looming
There is an increase in the number of adults who need extra daily care as baby boomers retire and age. Many of these adults want to remain in their homes as long as possible. The number of home health aides…
You Can Now Avoid Estate Taxes
The IRS adopted the portability of deceased spousal unused exclusions on July 8, 2022. This adjustment made it easier than ever for high-net-worth married couples to avoid paying federal estate taxes. Understanding the Portability of a Deceased Spousal Unused Exclusion…
A Fiduciary’s Role in Estate Planning
Generally, a fiduciary is an individual, professional, or organization legally required to act in the best interest of the person appointing them. Carrying out the terms of a will or trust or making medical or financial decisions on behalf of…
If I Have a will Do I Need an Estate Plan?
Approximately half of US adults have a will, and many believe that an estate plan is unnecessary because they have a will. Although this belief is untrue, it may be the leading reason why only 33% of US adults have…
Estate Planning Mistakes You Should Avoid
In estate planning, the goal is to protect your assets, interests, and loved ones after you pass away. Sadly, many individuals make costly mistakes without proper advice and guidance from a qualified estate planning attorney. Beyond undermining your intent and…
Estate Planning with Your Spouse or Partner
It is important to carefully consider estate planning with your spouse or life partner and to have a discussion about it. Before meeting with an estate planning attorney, it is best to discuss your ideas to present a united goal.…
The 4 Obstacles Associated with Digital Estate Planning
As the Internet of Things (IoT) becomes increasingly intertwined with our lives, it is more important than ever to identify and manage your digital property. From smart home devices to online investments and bank accounts, we’ve gone way beyond using…
The Basics of Probate
You can minimize or avoid probate entirely by working with an estate planning attorney. 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…
Must-Have Legal Documents
Everyone who wants to protect themselves and their families needs an estate plan. Making sound decisions regarding finances and healthcare can become challenging as you age due to diminished mental capacity or declining health. Putting these five must-have legal documents in…