Do I Need Long-Term Care Insurance and How Does It Work?
Policy experts and families alike have long noted that the United States lacks a comprehensive public system for long-term care. Medicare generally does not cover these services, and while Medicaid […]
How to Protect Your Estate If Long-Term Care Becomes Necessary
Once you understand what long-term care (LTC) is and the real risks it can pose to your finances, goals, and family, you can begin to plan accordingly. Addressing the possibility […]
Why Long-Term Care Planning Is a Critical Part of Estate Planning (Even If You Are Healthy)
For many people, estate planning sounds like a final act—a set of instructions for what happens to your accounts and other assets only after you are gone. In reality, a […]
Estate Planning Tips for Someone Facing Major Surgery
After notifying loved ones of your impending surgery, your first call to a professional should be to your estate planning attorney. Time is of the essence, and your attorney can quickly triage the documents that provide the most immediate protection for you and your family.
Estate Planning as a Love Language: Protecting Those Who Depend on You
Estate planning is a love language all of its own that can communicate care not only through gifts of money and property but also through the act of planning for what will eventually happen to us. It is a way of showing love to the people who depend on us by creating clarity and support so that they are not left guessing or scrambling when we are no longer here.
Caution: Writing Your Own Deed to Avoid Probate Can Lead to Costly Unintended Consequences
If the deed you create is defective or invalid, the property will not automatically pass to your intended heirs upon your death. The worst part is that these issues often remain undiscovered until it is too late. Consider the potential risks of an invalid do-it-yourself (DIY) deed.
Why Retirement Is the Right Time to Revisit Your Estate Plan
Whether you are approaching retirement or already in it, this stage calls for a fresh look at your estate plan and timely adjustments that match your next chapter.
Why Receiving an Inheritance Changes Your Estate Plan
A well-designed estate plan can help anticipate and mitigate these risks by providing structure, guidance, and protection around inherited wealth.
When Your Parent Plans to Disinherit Your Sibling
As the child who was not cut out of the estate plan, you may find yourself in an especially delicate spot, particularly if your parent named you as the executor (also called a personal representative) or trustee in their estate plan.
What Is an Inheritor’s Trust?
Among the numerous types of trusts aimed at fulfilling different estate planning purposes, an inheritor’s trust is specially designed to help protect an inheritance.