Category Archives: Estate Planning
Military Members Taking Advantage Of The Thrift Savings Plan
Some employees who work in the private sector have access to 401k plans to save for retirement. These plans replaced most, if not all, traditional private company pensions, and have their benefits as well as their disadvantages. Government workers usually have different plan options that are similar to 401k plans and allow for retirement… Read More »
Estate Planning With Children With Special Needs In Mind
When parents with special needs children decide to put together an estate plan, they are not just thinking about how they will be taken care of in the later stages of life, or how their affairs will be handled after they pass away. They have to consider their children in all aspects of their… Read More »
Can I keep My Will And Trust Documents Private During My Lifetime?
There may be a variety of reasons that many people want to keep private the plans they have made for the distribution of their property after their death. Once someone has decided who she wants to leave her assets to after she passes away, she may be worried about other people finding out and… Read More »
Can A Will Distribute Property Already In A Living Trust?
Most people who have at one point or another sought advice on estate planning have heard of wills and trusts, and been advised that is wise to have one or both in order to have a solid plan in place. While having both a will and a trust can be wise, taking care to… Read More »
Designating A Person To Make Decisions For You In The Event Of Incapacitation
Part of making a comprehensive estate plan is ensuring that you designate trusted people who can make certain key decisions for you when you are incapacitated and unable to make the decisions for yourself. These decisions can be made on issues affecting your general legal, financial, and even medical affairs. There are different ways… Read More »
Veterans’ Benefits And Daily Assistance For Spouses
Benefits for veterans who require assistance with daily activities are available to those who meet the basic requirements for aid and attendance benefits. Aid and attendance benefits are added to a monthly veteran’s pension amount, and cannot be applied for or received separately from the pension. A qualifying veteran can use the aid and… Read More »
Taxes And Estate Planning
News that a person has inherited a large sum of money or a valuable asset may bring some initial joy and gratitude, however, it may also cause the heir to be concerned about taxes and how much will have to be paid before they can receive the inheritance. While some people may decide to… Read More »
How Your Estate Is Distributed If You Die Without A Will
It is sometimes said that by failing to plan, a person is planning to fail. This is often the case when a person dies intestate and his estate is divided up without regard to what the person would have wanted. Making a will does not always have to be a complicated or even expensive… Read More »
Select Ways To Transfer Real Estate Property Without Going Through Probate
Sometimes when two or more people co-own real estate property they want to ensure that if one of them passes, the other owner’s’ property interests are protected, and any transfer of property rights is done in a simplified way that avoids probate court. Choosing the right type of conveyance for your heirs can be… Read More »
Looking Beyond The Changes To Social Security
For a long time, double claiming of Social Security benefits by married couples has been a way for a couple to increase the amount of benefits available to them in retirement. However, the opportunity to take advantage of this method of claiming came to an end last year as changes to federal law impacted… Read More »
