If you are the parent of minor children, they are undoubtedly your primary motivation for creating a successful estate plan. As such, your estate plan should be tailored to provide for your children. An estate planning attorney at Nash Bean Ford & Brown, LLP explains how estate planning for parents with minor children begins by deciding how to protect the inheritance intended for those children. Last Will and Testament Basics A Last Will and Testament is a legal document that communicates … [Read more...] about Estate Planning for Parents with Minor Children
When many of us contemplate the last months or years of our lives, we hope to spend that time at home instead of in a hospital. That hasn’t always been the case though. If you are among those who hope to experience a “good death,” you need to plan ahead, says an elder law attorney at Nash Bean Ford & Brown, LLP. A “Good Death” According to a recent New York Times article, people’s attitudes about what constitutes a “good death” have changed dramatically over the years. Around the turn of … [Read more...] about A “Good Death” Requires Planning
Providing care for a parent, or other elderly family member, is something many of us truly want to do. That doesn’t mean it is an easy thing to do though. On the contrary, caring for an older adult can be physically and mentally exhausting if you happen to live hundred, or even thousands, of miles away. To help you, an elder law attorney at Nash, Bean, Ford & Brown, LLP offers tips on providing care from a distance. Family Caregivers As the population of older American continues to grow … [Read more...] about Providing Care from a Distance
It would be a gross understatement to say that we have all become dependent on electronics. In fact, almost everything we do now has an electronic component to it. How much of your life is now stored electronically? How many daily tasks do you accomplish electronically? What you may not have considered is how technology has also created a whole new class of assets – digital assets. An estate planning attorney at Nash Bean Ford & Brown, LLP can explain how to include those digital assets in … [Read more...] about Did You Remember Your Digital Assets in Your Estate Plan?
If you have executed a Last Will and Testament, you are undoubtedly counting on the terms of that Will being followed during the probate of your estate. After all, a primary motivation for creating a Will is the ability to dictate how your estate assets will be distributed when your are gone. If someone successfully challenges your Will, however, your wishes will not be honored and your estate will be distributed using the state’s intestate succession laws. A probate attorney at Nash Bean Ford … [Read more...] about Preventing a Will Contest with Careful Estate Planning
Estate planning, when done properly, is an ongoing process. The estate plan you create when you are fresh out of college, single, and without many assets will not meet your needs once you are nearing retirement, married with children, and with a significant estate to protect. One thing people often forget to do with their estate plan is to update their beneficiary designations. To help prevent you from making the same mistake, the estate planning attorneys at Nash Bean Ford & Brown, LLP … [Read more...] about The Importance of Updating Your Beneficiary Designations
A living trust is one of the most common estate planning tools. In fact, living trusts have evolved to the point where there are few estate planning goals that cannot be furthered using a living trust. One of the advantages to using a living trust to distribute assets is the fact that you can make changes to the trust, if you create the right type of living trust. To help broaden your knowledge, the living trust lawyers at Nash Bean Ford & Brown, LLP explain how to make changes to a living … [Read more...] about What Is the Best Way to Make Changes to My Living Trust?
For the average person, the hardest part of creating an estate plan for the first time is simply getting started. If you are unfamiliar with estate planning, you don’t know where to start nor which documents you need in your plan. Every estate plan should be tailored to the needs of the person creating the plan; however, there are some common documents found on most basic estate plans. To give you some idea of the documents you may wish to include in your initial estate plan, the estate planning … [Read more...] about What Documents Do I Need to Start an Estate Plan?
One of the things people often forget to consider when creating an estate plan is the need for liquidity within the plan. Without sufficient liquid assets in your estate, your remaining assets could be at risk. The estate planning lawyers at Nash Bean Ford & Brown, LLP explain what could happen to your estate if it lacks sufficient liquid assets to pay all debts. What Happens after Your Death? The issue of insufficient estate liquidity won’t become apparent until after you are gone during … [Read more...] about What Happens If My Estate Lacks Sufficient Liquid Assets to Pay Debts?
If you served your country in the United States Armed Forces, or you are a surviving dependent of someone who did, the country owes you a debt of gratitude that can never truly be repaid. Nevertheless, the government does attempt to give back to veterans and their dependents in the form of veterans benefits. Though you may already know about many of the benefits to which you are entitled, a veterans benefits attorney discusses what veterans need to know about some of the more common … [Read more...] about What Veterans Need to Know about Benefits