As we age, we are more likely to have diminished mental capacity or declining health, so it is important to create an estate plan to protect ourselves and our loved ones. We need to make sound decisions regarding our finances…
At first glance, life insurance may not seem to have any bearing on your estate plan, but it can be a crucial part of it. There are numerous other benefits to owning a life insurance policy aside from providing a large…
If properly written, a will addresses who receives your assets and properties after your death. Your will names a personal representative (executor) who will carry out your wishes. In addition to asset distribution, your executor makes a public notice of…
While estate planning can be difficult and emotional, it is vital to wisely manage your assets and provide for your family members as you age. Your elder law attorney knows how to create an estate plan strategy that addresses these…
ABA defines probate as the legal process that formally recognizes a will and appoints a personal representative (executor) to administer the estate for intended beneficiaries. Navigating the probate process will vary according to state law. Therefore, it is good to…
There are some overlaps between estate planning and elder law, but both are equally important to protect yourself and your family. The two terms tend to go hand in hand, but there are some differences. The biggest difference is that elder…
In Care.com’s annual estate planning survey for 2019, 57% of U.S. adults lack a Last Will & Testament (a “Will”). Participants differed significantly based on factors such as age, race, and education. For example, when broken down generationally, 66% of people…
It is likely that your most valuable asset is your home, which is true for many of us. You may want your children to inherit the value of your home when you pass away. However, you may also be concerned…
Estate planning is being transformed by changing family structures. As recently as thirty years ago, a traditional family consisted of a husband and wife who married young, bought a home, had children, and worked toward financial stability and security. In…
With the Internet of Things (IoT) intertwined with our lives, identifying and managing the digital property you own is more important than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet…