We develop comprehensive plans that incorporate the legal, financial, and health care needs of our clients.
All tagged asset protection
When planning for disability and end of life, it is important that the plan be made early while you are still competent to express your wishes regarding care. One of the greatest concerns is what will happen to your spouse should long term care be required. Federal and State laws provide some protection of assets for the benefit of the community spouse, but planning ahead will allow you to maximize the amount that can be protected.
People are often surprised when I tell them that their will is a ticket to court. The common misconception is that a will is all you need. If you own, say a: house, car, bank account, some jewelry, and guns, and you are planning for your will to control their disposition, you may be unintentionally creating more work, more expense, and more drama for your loved ones.
With proper elder law planning, almost everyone can avoid the court process known as probate. A comprehensive elder law plan that includes a thoughtful combination of trusts and asset titling can avoid the hassle and risks of probate. Don’t leave your family in a bind, plan ahead now!
Life estates are often used by attorneys to pass real estate to the next generation outside of the probate process. However, keep in mind that there are potential problems and risks to understand before creating a life estate. Even attorneys are often unaware of the issues surrounding life estate deeds. Continue reading to determine whether a life estate might be right for you.
When you can’t find an original will after someone’s death, it can cause many issues and problems for family members and loved ones.
