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Trusts are considered to be among the most beneficial planning tools that estate planning attorneys have access to. However, because many individuals do not understand what a trust is or how it can help them, they fail to reap the benefits of this estate planning tool. What Is a Trust? A trust is a legal…
There exists significant confusion regarding the distinction between a living will and a traditional will due to their similar names. However, they are entirely different. A living will primarily pertains to Life Care planning, addressing decisions about medical care in the event of an irreversible terminal condition where death is inevitable regardless of treatment. It…
While a Last Will and Testament is not mandatory, if there is no Will, state laws, also known as laws of intestacy, will determine the distribution of a deceased person’s assets. Unfortunately, this may not align with the decedent’s last wishes or desires, which is why creating a Will is often recommended. To learn more…
Estate planning attorneys are legal professionals who specialize in helping people create legally sound documents and strategies to manage their assets, plan for inheritance, and minimize or avoid taxes upon their passing. They work with clients to draft legal documents, such as a Last Will and Testament, trusts, and power of attorney. However, more importantly,…
Estate planning is a process that involves making decisions for the future regarding your assets, finances, and medical care. However, to ensure that your wishes are carried out properly, it is crucial to have a comprehensive estate plan in place. That is why below, we have prepared an estate planning checklist that is designed to…
Estate planning is the process of arranging and anticipating the management and disposal of an individual’s estate during their life in preparation for their death or future incapacity. Although estate planning can benefit your future and relieve your loved ones from many problems and stress, many people fail to create these plans because they do…
If you have an elderly parent or loved one, you may have countless questions about their future – What will happen when they can no longer care for themselves? Who will provide them with the assistance they need, and can they afford the care they require? How will you be able to support them if…
Although the term elder law is frequently mentioned, many people are unaware of its meaning or importance. That is why in the below guide, we will go over in detail what you need to know about elder law and how this type of law can impact you and your loved one’s futures. What Is Elder…
When a person passes away, their loved ones have to deal with numerous questions and issues while going through a tremendously difficult time. One of the most significant questions is who will inherit the person’s possessions, property, and other assets. However, the answer to this question is not that simple, as it will vary depending…
Estate planning refers to the process of organizing and arranging a person’s assets to ensure they are distributed according to the person’s wishes after they pass away or become incapacitated. A thorough estate plan can protect not only a person’s loved ones but also their assets. To help you better understand this process and what…
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