For every married couple, divorce is a possibility, although a remote one, hopefully. Divorce can interrupt an individual’s estate plan, retirement plans, or business interests. Here are a few things to keep in mind if you are considering divorce. Divorce and Wills During the divorce process, the last thought on anyone’s mind is what would…
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As the population in America grows older, it’s becoming common for adult children to be called upon to care for their sick or aging parents. Typically this situation begins with the adult child helping with bills, physician appointments, medication, and/or transportation. Eventually, this can evolve into almost a full-time job of caring for a parent….
The new year and new decade are quickly approaching. As we all prepare for the holidays and a new year, wrapping up any loose ends with your estate plan should remain a priority. Before entering into the new year, here are some task to consider checking off of your end-of-year checklist: Make Sure Your Estate…
This is the final installment of our III part blog series discussing Special Needs Trusts. Before implementing a SNT, you should consider whether the trust is necessary. A SNT is not always necessary or the right answer. The cost of establishing and funding a “typical” SNT frequently ranges from $5,000 to $10,000 or more depending…
This is part II of our III part blog series discussing Special Needs Trusts. Self-Settled Special Needs Trusts To provide for the payment of supplemental needs, federal law permits an individual with disabilities to retain his or her resources in one of two types of Special Needs Trusts (SNTs). Without the creation of such trust,…
This is part one of a three-part blog series discussing Special Needs Trusts. Over the next few weeks, we invite you to follow along as we offer a brief overview of the basics of Special Need Trusts and alternative methods to Special Need Trusts. According to a study funded by the National Institute on Disability…
For each of us, at times in our life, death happens. Whether it’s getting the heart-stopping news that someone we know (and, often, someone we love) has died or even the end of our own lives, each of us will have several experiences with end-of-life issues. While in the gulf of grief generally experienced during…
You’re out and about shopping at one those big-box stores and you see a brightly colored display advertising the latest software for do-it-yourself wills and estate planning. Or maybe you’re online, reading about what a trust is and why you might need one, when a pop-up ad comes onscreen and advertises a cheap, easy-to-use solution…so…
One problem that we see frequently is families who have children (or other potential beneficiaries) who have an issue with addiction, or suffer from extreme irresponsibility, lack of financial discipline, or severe laziness. The point is that most families have at least one of these issues when considering their Estate Plan and how to not…
Estate Planning is one of the most basic legal needs individuals have. Still, even with the broad availability of legal counsel, research shows that over half of Americans still don’t have a plan in place. If you’re one of those individuals without a plan, you should consider having a custom estate plan created to fit your personal needs. …