Maintain and Review a Will
The creation of a living will may seem like a process that is created once then to be discarded until the final moments of your life. That is false. A living will must be maintained so often that your wealth, and possessions can be properly passed on to loved ones.
The 5 Ways to Handle the Touchy Topics of Adult Care
From childhood into adulthood, our parents take care of us in every aspect. As we mature and become our own person, our parents continue to grow and age. There becomes a time where the roles must be reversed and you must take care of your parents. It may comes across...
Legal and Financial Planning for Alzheimer’s Loved Ones
The Alzheimer's Association Advises Legal Plans Should be Established so those with Dementia can be Involved in Decision Making About Their Future Care. It eases the strain on families who take care of those with dementia. Every 65 seconds someone in the United States...
Spending Down Assets on Medicaid
The rules of "Spending Down" assets for Medicaid may seem tricky, but we're here to help you navigate. To qualify for Medicaid, you must make less than an income at or below 133% of the Federal Income Poverty Guidelines. Applicants for Medicaid can spend down their...
A Will: What “Will” I Need to make it Valid?
Thanks to movies, and TV shows people are to believe that our will is our final words, a note, or a video. What makes a will valid? What exactly is a will? For many states, there are requirements that must be met before it can be valid. What is it? A will is...
Estate Planning: Terms to Know
No one likes to think about one’s own death. However, planning ahead can help your family avoid unnecessary complications, delay, and expense. Understanding the following estate planning terms is the first step toward planning your estate. Presently, Estate planning...
I’m Power of Attorney. Now What?
A power of attorney is the grant of legal rights and powers by a person, the “principal,” to another, the “agent” or “attorney-in-fact.” The attorney-in-fact, in effect, stands in the shoes of the principal and acts for him or her on financial and business matters....
The Probate Process Explained
Probate is the process by which a deceased person’s property, known as the “estate,” is passed to his or her heirs and legatees (people named in the will). The entire process, supervised by the probate court, usually takes about a year to eighteen months. However,...
Estate Law: Understanding Legal Trusts
A legal trust is a separate legal entity for holding and investing property. These legal trusts (The “trustee”) hold property, usually real estate or investments, for the benefit of another or other people (the “beneficiary”). The person who gives the property for the...