A charitable trust is a kind of irrevocable trust that benefits both you and the beneficiary while also providing income for your heirs. A charitable trust can provide many financial advantages to those with nonessential assets, such as stocks or…
Estate planning presents unique challenges for families with special needs children. Planning your estate to use, enhance, and enrich assets for a special needs child while maintaining their enrollment in public benefits programs requires careful consideration. With the help of…
As a legal advocate for aging adults and their loved ones, an elder law attorney or certified elder law attorney specializes in elder law. Generally, elder law involves a wide variety of issues relating to the elderly or disabled. Under…
A last will and testament specify how your property will be distributed when you die, as well as how your dependents will be provided for. It is wise to create a will for your peace of mind and your loved…
It is not uncommon for family members to argue over dad or mom's favorite items after their death. Disputes can occur over things such as a coffee mug, jewelry, or a painting. Filling out a personal property memorandum and keeping…
There are certain characteristics that define entrepreneurs: motivation, creativity, persuasiveness, risk tolerance, versatility, vision, innovation, communication and collaboration, flexibility, and decisiveness. The entrepreneurs who create these businesses bear most of the risks and reap most of the rewards if they…
The first new year's resolution you need to keep is to visit your friendly elder-law attorney, who can guide you through the estate planning process. Unfortunately, we are still at the mercy of this pandemic. It is extremely important to…
As digital assets become more prevalent, traditional estate planning elements become obsolete. Cryptoassets, including cryptocurrencies like Bitcoin and non-currency blockchain tokens, may comprise a significant individual wealth. In estate planning, addressing complex challenges such as securing, transferring, protecting, and ultimately…
The loss of a spouse is a difficult experience emotionally, spiritually, and financially. An estate plan and tax planning are usually handled by one spouse, and a widow(er) may find herself in a complicated financial position with more questions than…
When it comes to inheriting property or money, most parents treat their children equally. However, sometimes parents choose not to leave anything to their children, and the reasons for doing so may vary. Parents might not feel the need to…