Preserve Your Legacy

Estate Planning | Elder Law | Special Needs Planning

Blog Posts in October, 2011

  • HOW DOES A REVOCABLE LIVING TRUST AVOID GUARDIANSHIP?

    Most estate planning clients want to avoid court interference through guardianship proceedings once they learn what it entails. A guardianship is a court proceeding during which your competency is questioned. It is expensive, time consuming, public, and stressful. If the court determines that you are incapacitated, it will appoint a guardian to take over your finances. You have no control over who ...
    Continue Reading
  • Most estate planning clients want to avoid court interference through guardianship proceedings once they learn what it entails. A guardianship is a court proceeding during which your competency is questioned. It is expensive, time consuming, public, and

    Most estate planning clients want to avoid court interference through guardianship proceedings once they learn what it entails. A guardianship is a court proceeding during which your competency is questioned. It is expensive, time consuming, public, and stressful. If the court determines that you are incapacitated, it will appoint a guardian to take over your finances. You have no control over who ...
    Continue Reading
  • WHY WOULD I WANT MY INHERITANCE TO BE IN A TRUST?

    Inheriting in a lifetime protected trust is the absolute best way to receive an inheritance. And, you should keep your inheritance in your trust. Why? Good question. And, we have good answers. Read on. When your inheritance is in trust, it’s protected. This means that it’s available for your use, and likely your children’s use, but no one else. The trust will be drafted with protective language so ...
    Continue Reading
  • 6 ESTATE PLANNING TIPS FOR PARENTS OF YOUNG CHILDREN

    While all adults need comprehensive up-to-date estate planning, the parents of young children have additional considerations and complexity. Here are 6 estate planning tips for the parents of young children; if you have additional questions or concerns, consult with a qualified estate planning attorney . 1. Write a Love Letter The most important inheritance you can provide your children is your ...
    Continue Reading
  • HOW CAN I HELP MY PARENTS GET THEIR ESTATE PLAN IN ORDER?

    If you’ve already handled your own estate planning affairs, you likely understand the importance of planning ahead and an up-to-date, comprehensive estate plan. What do you do if your parents haven’t created or updated their estate plan in years? It’s important to make sure that they have handled their affairs so that they can be in control of their future and your burden of assistance will be ...
    Continue Reading
  • WHEN ARE MY ESTATE PLANNING DOCUMENTS EFFECTIVE?

    Some estate planning documents are effective as soon as you sign them; others not until you’re incapacitated or die. You and your trusted helpers (i.e. executor, power of attorney agents, guardians for minor children, and trustees) need to understand when your estate planning documents are effective. After all, your trusted helpers only have the legal authority to act on your behalf when the ...
    Continue Reading
Page 1 of 1