When you decide that you want to obtain information about something, you can easily pop a term into your favorite search engine in an effort to educate yourself. Without question, a lot very valid information can be found online, but you do have to keep a watchful eye. The Internet is used by completely objective entities, but there is also a great deal of business conducted. When you search for a term, you are invariably going to run into articles that are intended to drive commerce. This … [Read more...] about Probate Can Be Misunderstood
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Long-Term Planning: One Thing Leads to Another
Financial planning should be looked at as a long-term, holistic process. When you first embark on a career path, you want to develop some savings with certain financial goals in mind. A home purchase may be the first step, and the short of this, you want to make sure that you have a nest egg to draw from on a rainy day. As your life evolves over the years, you may get married and have children. At that point, financial planning will take on a different complexion as you look ahead toward the … [Read more...] about Long-Term Planning: One Thing Leads to Another
Wartime Veterans Pension Look-Back Imposed
As elder law attorneys, we assist people that are concerned about the eventualities of aging, so we have a thorough understanding of all the programs that can be of assistance to seniors. One of them is an often overlooked veterans benefit, and we will take a look at it here. Supplemental Income for Wartime Veterans People that serve in the military are eligible for a retirement pension after they have served for at least 20 years. The amount of the payout will go up depending on the length of … [Read more...] about Wartime Veterans Pension Look-Back Imposed
There Is More Than One Type of Will
There are those that adopt the do-it-yourself perspective when it comes to estate planning, and there are a number of reasons why this is not a good idea. Consumer Reports studied the subject a few years ago, and with the help of three prominent legal professors, they came to the conclusion that DIY estate planning is risky business. As a layperson, you are not going to know about all the estate planning documents that are available to you. When you understand the facts, you may be quite … [Read more...] about There Is More Than One Type of Will
Planning for Step-Children
If your spouse has biological children, you may consider them your own. But, if you haven’t adopted them, they have no inheritance rights. This article looks at how to plan for step-children. Planning for Step-Children … [Read more...] about Planning for Step-Children
Disinheritance
Each of us will die eventually. This article looks at how planning can make your passing easier for those whom you leave behind. Specifically, this article will look at how you can disinherit someone with the least disruption to the family. Disinheritance … [Read more...] about Disinheritance
Your Planning Can Help Your Loved Ones
Each of us will die eventually. This article looks at how planning can make your passing easier for your loved ones. Specifically, this article will look at the importance of the manner in which assets are left for your loved ones. Your Planning Can Help Your Loved Ones … [Read more...] about Your Planning Can Help Your Loved Ones
The Importance of Communicating Your Plans
Each of us will die eventually. This article looks at how planning can make your passing easier for those whom you leave behind. Specifically, this article will look at the importance of communicating your plans with your loved ones to avoid disputes after your death. The Importance of Communicating Your Plans … [Read more...] about The Importance of Communicating Your Plans
How Much is Too Much?
This article looks at the question of how much is too much to leave your children. Many people have pledged to give the majority of their wealth to charity. If you won’t leave all your assets to your children, the article provides resources for vetting worthwhile charities. How Much is Too Much? … [Read more...] about How Much is Too Much?
Can You Add and Remove Assets From a Living Trust?
Before we address the title question, we should explain some of the advantages that you would gain if you were to use a living trust instead of a will as your primary asset transfer device. Last Will Drawbacks First, if you use a last will, the executor would not be able to act in a vacuum. The will would be admitted to probate, and the court would provide supervision during the administration process. Final debts must be paid during probate, so creditors would be notified. They would be … [Read more...] about Can You Add and Remove Assets From a Living Trust?
