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A will may be cheaper than a trust now. However, that may not be the case in the long run. Many people decide on wills instead of trusts to save time and money. The problem with that thinking is that a will is more expensive overall than a trust, according to the Times Herald-Record in “Trusts […]
Now is the time to think about a happy future. However, it is also time to prepare your spouse for handling any future estate challenges. You have decided to marry and focus on the good times. However, it may also be wise to think about the importance of protecting your new spouse with some new or […]
Medicaid is designed to pay for long-term care in nursing homes for Americans who cannot afford it. The New York Times recently discussed the debate over the ethics of hiding your assets to qualify for the government payment of long-term nursing care in its article “The Ethics of Adjusting Your Assets to Qualify for Medicaid.” […]
Perhaps it would be wise to visit an estate planning attorney before traveling to other countries. It might be prudent to consider the worst case scenarios and speak with an estate planning attorney before traveling to foreign nations, according to the Wills, Trusts & Estates Prof Blog in “So You’re Going on a Trip.” In […]
The document may be well written but is your spouse prepared to handle it? You should speak with your spouse and prepare them to handle your estate plan when the time comes, according to Forbes in “5 Questions You Should Ask Your Spouse Today.” Your spouse needs to know what to do if you ever […]
“Gray divorces” can present some challenging legal situations. Divorces by senior citizens can create challenges of dividing up a lifetime of accumulated marital property as well as the likely requirement of a new estate plan, according to the Indiana Lawyer in “Rise in divorces among older couples presents unique family law issues.” The big issue […]
It just doesn’t make sense to fill out an online form and take the risk of future problems. There is no actual advantage to creating an online will, because you might save now but, in the long run the bill could get very high, according to MoneySense in “Danger of DIY Wills.” The one advantage […]
Planning for your retirement and planning your estate can turn out to be a real benefit. Estate planning and retirement planning are pretty much the same thing. Sometimes, if your estate planning attorney and financial advisor work together, both types of plans work better for you, according to TD Ameritrade in “Estate Planning: Build Up, […]
Designations can have major impact on your estate because of taxes. Naming the beneficiary of your retirement account needs special consideration when making your estate plan, according to Morningstar in “Do’s and Don’ts for Beneficiary Designations.” There are actually many things to consider when naming beneficiaries on retirement accounts. This is because different beneficiaries are […]
The cost of nursing home care should be considered among estate planning options. As more and more people began to create estate plans, one of the focuses is just how does a non-wealthy person pay for nursing home care, according to the Times Herald-Record in “Plenty of reasons to do elder law estate planning.” As […]
