An estate plan is designed to ensure that your assets are distributed according to your wishes and to provide for your loved ones after you pass away. It requires organization and strategy and begins with five key legal documents that…
A gun trust allows individuals to own firearms in a legal manner, allowing them to share access to firearms with others while remaining compliant with the law. This approach is beneficial for those who own restricted firearms or firearms regulated…
Along with the SECURE 2.0 Act in December 2022, tax provisions were recently incorporated into the Inflation Reduction Act (IRA), which became law in August 2022. Lower-income household tax code changes will automatically take effect. Households of higher income and…
Estate planning involves many types of trusts; irrevocable and revocable trusts are the most common. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last will…
When it comes to wealth, many parents are uncomfortable discussing it with their children. There is a taboo attached to discussing money or property. Asking someone else about what they have is often considered impolite. But failing to talk to…
When you become seriously ill or injured, nursing home care can be astronomically expensive. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet if you’ve heard…
Parents planning for their adult children’s future well-being as their disabilities change is a responsive, ongoing process as their needs may change. A Journal of the American Medical Association reports the life expectancy of adults with Down Syndrome has increased…
The thought of death, especially your own, is uncomfortable. Add to that the issue of what will happen to our assets after our deaths and it’s little wonder why so few people have created wills and other estate planning documents.…
No one knows what the future holds. You need an estate planning attorney who understands your business interests, your family relationships, and your business needs in order to develop a strategic estate plan. Do not overlook the importance of synergy…
It’s unpleasant to think that a traumatic event or a chronic illness might incapacitate you. People experience this every day, unfortunately. With this knowledge, many people like to prepare in advance for the kind of treatment they want in the…