Year: 2018
If you don’t have an estate plan but do have minor children, it can become complicated. Most parents would choose to have their estate pass to their children, if they do not have a formal estate plan. However, if those children are minor, some challenges can arise, according to My San Antonio in “Minor intestate […]
Joint ownership means you don’t have to go through probate. However, the risks are high—very high. A parent will sometimes decide to add a child to the deed to their home and that means an equal share. It also means that if the child has creditors, they can seek to make claims against the home. However, that […]
Some parents want to give everything to their children right now … but wait! Unless you have an estate plan, before your children can inherit the estate it must to go through the probate process. That can be both expensive and time-consuming. Therefore, many parents decide to give their children everything now. However, it might […]
If your spouse has assets, it is likely that Medicaid will take them into consideration. Medicaid is likely to ignore any spousal agreements and consider the assets of each spouse when determining eligibility, according to My San Antonio in “Protecting separate assets from Medicaid.” Sometimes a couple will jointly decide to just spend down the […]
Digital assets need to be protected now. However, they also need to be made available later. Protecting your digital assets before you pass away and making them available later can create some conflicts. There are three basic complications when it comes to planning for someone else to access your digital accounts after you pass away, […]
It may be wise to set up some review time for your estate plan, as life goes on. There are actually a few common things that can happen in your life that have an impact on your estate plan and they can be listed, according to the Huntsville Item in “When should you review your […]
Conversations between family generations can be helpful in determining needs. Younger family members often end up helping their elderly loved ones, who may face the problems of aging. However, if the younger people do not know what to do and what the elderly person wants done, then the best help is difficult to provide. If […]
Most states are not doing enough to fight crimes against the increasing elderly population. A few states have state level investigative units dedicated to fighting elder financial abuse. However, that may not be enough, according to the Brookings Register in “S.D. a national leader in battling elder fraud.” Criminals target the elderly more and more every […]
Many elderly retirees have forgotten about retirement accounts that accumulated in their younger years. There are many Americans who have a retirement account through an old employer, but they have forgotten about them. It is important to remember that when you leave a job that had a 401(k) plan or other retirement plan, you are […]
Flexibility can lead to the creation of a better legacy than anticipated. When people go to an estate planning attorney, they sometimes already have a good idea regarding what they want to accomplish with their estate plans. That is often a good thing. If a person is flexible and willing to consider options, it is […]
