For most people, a Last Will and Testament provides the foundation for their estate plan – at least initially. As their estate and family grows, additional estate planning tools and strategies may be included in their estate plan to help achieve inter-related goals. One of the most common of those additional tools is a trust. In fact, trusts are now commonly found in even the most simple estate plans. If you decide to include a trust in your estate plan, one of the first decisions you will need … [Read more...]
Elder Law Attorneys Urge Seniors to Update Estate Plans
Estate planning is something that remains a mystery to many people, until they finally sit down and get started on their plan. In fact, despite understanding how important it is to have an estate plan in place, over half of all Americans have yet to create one. If you are in the minority, and do have an estate plan in place, you are certainly off to a good start protecting yourself, your assets, and your loved ones. After failing to plan at all, however, the next biggest estate planning mistake … [Read more...]
Asset Protection Attorneys Point Out Hidden Threats to Your Assets
Whether you have a modest estate or you have amassed a veritable fortune, it is probably safe to assume that you want to protect the assets that make up your estate. Accomplishing this seemingly simple goal may be more complicated than you think, due in large part to the fact that your assets face more threats than you likely realize. To illustrate, the asset protection attorneys at Nash, Nash, Bean & Ford, LLP point out some of the obvious, and hidden, threats to your assets. Threats to … [Read more...]
Estate Planning Attorneys Discuss Common Estate Planning Goals
If you have recently made the wise decision to start creating an estate plan, you have taken an important step in protecting you, your assets, and your loved ones. Like many people, however, after deciding it is time to create your estate plan you are unsure of what needs to be included in that plan. Given the highly personal nature of estate planning, the best way to decide what components should be included in your estate plan is by consulting with an experienced estate planning attorney. The … [Read more...]
Estate Planning Attorneys Discuss Role of Executor
The Executor of an estate is the individual appointed by the Testator in a Last Will and Testament to oversee the probate of the estate following the death of the Testator. A common mistake made by Testators is to appoint a spouse, friend, or family member to the position of Executor without really taking the time to consider if that individual is the best person for the job. Keep in mind that if you appoint someone close to you as your Executor, that person is going to be grieving your loss at … [Read more...]
Can Probate Attorneys Help Me Probate My Mother’s Estate?
The loss of a loved one is never easy. Nothing, however, can prepare you for the pain of losing your mother. No matter how old you are, nor how long and happy a life your mother lived, your mother’s death will be followed by a period of grief and loss. If your mother named you as the Executor of her estate, you must find a way to set aside your grief long enough to get started on probating her estate. Fortunately, help is available. The attorneys at Nash, Nash, Bean & Ford, LLP can help you … [Read more...]
Estate Planning Attorneys Discuss Options for Distributing Your Estate
One of the most common reasons for creating an estate plan is to ensure that estate assets are distributed according to the creator’s wishes. If you are ready to get started on your estate plan, you will need to make a number of decisions related to the distribution of your estate assets. In order to make informed decisions about who to leave your estate assets to and how to effectuate the transfer of those assets, you need to know as much as possible about the available options. To help you … [Read more...]
Living Trust Attorneys Explain How a Trust Can Help with Incapacity Planning
When you think about the need for estate planning, you likely envision a plan that will protect and provide for loved ones in the event of your death. Your eventual death, however, should not be the only focus of your estate plan. The possibility of your incapacity should also be covered in your comprehensive estate plan. While there are a number of estate planning tools and strategies that can be used to plan for incapacity, a living trust is one of the most popular of those tools. The trust … [Read more...]
Will Medicaid Cover at Home Care?
In the United States, the average life expectancy has almost doubled over the last century. While advances in medicine and science now allow us to live much longer, a way to stop the natural aging process has yet to be discovered. The combination of a longer life expectancy coupled with the physical and mental effects of the natural aging process increase the likelihood that you will need nursing home care or in-home care at some point during your retirement years. Like most seniors, you … [Read more...]
Hidden Dangers in DIY Wills
If you have yet to create your estate plan, you may be tempted to try taking a shortcut by turning to easily located online legal forms such as Do It Yourself (DIY) Wills, trusts, or other estate planning documents. After all, using a DIY Will should save you both time and money and finally get your estate plan started, right? It may seem that way to you; however, in the end your loved ones may pay the price for your shortcut because of the hidden dangers in DIY Wills. To help you understand … [Read more...]
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