When it comes to choosing an estate planning law firm, these are the 3 main factors to consider. Experience The longer an estate planning law firm has been operational, the greater experience they have, gained from handling similar cases in the past. Reputation Any reputable estate planning attorney and law firm will have tons of…

Hiring an estate planner is the best decision you can ever make when selling property. Estate planning attorneys are advantageous since they help you carry out sales smoothly and also deal with unplanned variables. Here are some reasons why you should hire an estate planning attorney. They are experienced; therefore, they can handle real estate…

You’ve worked hard to build wealth. Working with an estate planning attorney will ensure you have the peace and security of mind that your wealth is being taken care of. A well-rounded asset protection strategy includes: Insurance: Be sure your current policies adequately protect your assets. Beyond liability coverage, you should also have an umbrella…

Estate planning should start at an early age since it helps you determine who inherits your property after your death. When hiring an estate planning attorney, you should settle on a well-experienced lawyer. Here are some tips to help you hire the best estate, planner. Establish what exactly you require from the attorney. Learn more…

If you have a loved one who has a disability, then you’ll want to plan effectively for their future. A range of possible strategies are available, and these include… Giving another individual the power to act on their behalf through a Guardianship or Conservatorship. Planning for their medical treatment and care, housing and education needs,…

When such a claim occurs, it’s important to already have your assets properly classified. Our state’s current asset protection laws allow you to keep the following: $60K in home equity, rising to $90K if you over sixty years old $5K in vehicle equity – double this amount if you are married $3K in household goods;…

There can be an understandable reluctance among families to seriously discuss with a loved one what should happen after that person passes. One way to help alleviate such an outcome is to create a Disposition of Last Remains document. This allows you to clearly state your own preferences, helping to prevent disputes or uncertainty amongst…

A key reason why some people prefer an RLT is that, unlike a will, it means that there is no need to probate your estate. Also, assets can be passed directly to the beneficiaries immediately after your death. A Revocable Living Trust, unlike public probate records, remains private. Should you, sadly, ever become incapacitated, it…

Insisting that age is just a number won’t shield you from growing old and feeling the signs of old age both mentally and physically. You do not have to wait until you start to feel old to start a self-care routine. You should start preparing for the inevitable in your 40s or 50s. There are…

When planning your will, you want to be sure that you plan it so you can avoid undue influence claims that could arise. Here are a few ways you can do that: Include a revocable or living trust. These are harder to challenge. Make sure that you establish competency. If you can show that you…

A CRT allows you to convert certain key assets, such as real estate investments or stocks held, into a lifetime income while avoiding paying Capital Gains Tax when the asset is eventually sold. At the same time it reduces both your income and estate taxes, while also allowing you to help a charity, perhaps one…

If you have a loved one who has special needs, or you want to ensure that your child’s well-being is looked after should you pass away, then a Pooled Trust is worth considering. As with the D4A Trust, assets held in this way are not part of the equation to determine that person’s eligibility for…