Nursing home costs are skyrocketing, causing many seniors to worry that they will be forced to deplete hard-earned resources that might otherwise be passed on to their children and grandchildren. Fortunately, there are steps that older Americans can...
Taxes are complex and the terminology surrounding them can be confusing. This is no less true with respect to estate planning. And while “estate tax” and “inheritance tax” are often used as synonyms, they actually have very distinct meanings. Knowing how inheritance taxes differ from estate taxes will help you prepare for...
Parenthood, especially when a first child is on the way, is a busy time. Long before your child is born or adopted, you’ll be worrying about choosing names, decorating the nursery, and much more. But planning for your child’s financial future should start early, which means considering a trust. New families in...
As your parents age, you may notice they are showing signs of aging like forgetfullness, or irresponsible spending. As they age, they lose the mental acuity they had when they were younger. This can make them more vulnerable to financial...
When a person dies, his or her estate must usually be probated. Probate is a process for determining who receives property and assets and settling debts against the estate. Although probate can be time-consuming and expensive, there are strategies to minimize robate costs. The dedicated Estates and Trusts attorneys of...
Choosing an executor is one of the most important decisions you will make as you create your comprehensive estate plan. The executor’s responsibilities are numerous and must be fulfilled diligently if your estate is to be properly managed. Not everyone is up to the task or even willing to serve as...
While estate plans are thought of primarily as means to pass on property to relatives, they can also be used to provide gifts and charitable donations to those outside the family. Using an estate plan for gifting and charitable giving is a rather common occurrence. These plans can even reduce tax...
