What Does an Elder Law Attorney Really Do?
The best way to describe the job that an elder law attorney does, would be that they work to advocate for senior citizens and their loved ones.
Estate planning services refer to the process of managing and distributing one’s assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.
Common Estate Planning Mistakes to Avoid
Here are a few things to avoid on your way to an appointment with a qualified estate planning attorney to discuss your own estate plan, and a couple of others to keep in mind once you get there.
Do I Need to Update My Estate Plan if I Relocate for Retirement?
You may have a will or a full estate plan that was prepared by an attorney in another state, or perhaps you haven’t yet taken the important step of planning your estate.
What You Need to Know about Trusts for Estate Planning
Trusts fall into one of two main categories. The first category is composed of those that are established while the grantor (one who establishes the trust) is alive and are termed inter vivos (while living) trusts.
Special Needs Families and Special Needs Trust
It's not just a matter of navigating day by day: Parents need the foresight to plan for their child's future—especially for when they will no longer be around.
Selling a Parent’s Home after They Pass
Dealing with the death of a parent is challenging but selling their home can be fraught with land mines, particularly if they die without a will.
Power of Attorney: Why You’re Never Too Young
Although we all like to make our own decisions, there may come a time when we no longer have that luxury.
Have You Prepared Your Family for Your Death?
Unfortunately, in too many cases, families treat money and the issues surrounding wealth as taboo subjects. This may be the case even more so, when it involves the (inevitable!) prospect of death.
Here’s Why You Need an Estate Plan
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
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