The death of a loved one is a burdensome time. When walking through a season of loss, a question that many want to know when dealing with probate is how long will the probate process take? You may be surprised at how much time it takes to tie up the loose ends of your loved one’s…
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As the American population ages, adult children of seniors are embarking on a journey to help their aging parents and protect themselves against the uncertainty in the legal system and in life. Let’s go through some of the fundamental planning options available: First, we should note that not all estate plans look the same. Each plan…
Trusts are useful tools used in estate planning that help people plan and prepare for an array of life events including tax planning, property distribution, and asset protection. This blog will highlight the general components of a trust in an effort to provide an overview of the makings of a basic trust. One of the…
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 transportation as needed. Eventually, this can evolve into almost a full-time job of caring for…
Planning for the welfare of your children may be at the forefront of your mind in the midst of the present COVID-19 pandemic and volatility of this world. The decision you have been putting off may feel more pressing than ever. Specifically, who would care for your minor children if you and a co-parent become…
Did you know we’re living longer these days? As Americans, our average life expectancy has moved into the high 70s or low 80s. People living longer also means more medical costs and more dependency on retirement investments and savings to sustain their lifestyles. In some cases, Americans are working further into their “retirement years” to…
Relationships can be the most difficult part of our lives and for many people familial relations are the most strained relationships. For countless reasons, your relationship with family can be complicated. Maybe your family disproves of your lifestyle–or vice versa. Perhaps you were the child of a chaotic and messy divorce and haven’t spoken to the…
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…
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…
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…