A common reason people offer for not having an estate plan in place is the belief that one is only needed if you have considerable assets. That might lead you to believe that people who do have substantial assets would have a well thought out plan in place. That, however, is not always the case. […]
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Steps You Can Take to Prevent Elder Abuse
The population of older Americans (age 65 and older) has increased significantly in recent years as the Baby Boomer generation began entering their retirement years. Moreover, experts tell us that the increase in the older population will continue in the years to come. Sadly, with the increase in the number of seniors has come a […]
Debunking Common Estate Planning Myths
Estate planning can be an intimidating prospect for anyone new to the concept. That can make it easy to fall victim to one of the many common estate planning myths that exist. To help prevent that from happening, the estate planning lawyers at Nash Bean Ford & Brown, LLP explain five of the most common […]
How Does a Living Trust Fit into Your Estate Plan?
Whether you are creating your first estate plan or updating an existing plan, deciding which estate planning tools and strategies to include will be among your most important decisions. One of the most common of those tools and strategies involves including a living trust in your estate plan. Although you will need to discuss your […]
Is Probate Always Necessary?
If one of your primary motivations for creating an estate plan is to ensure that your loved ones are provided for in your absence, you undoubtedly do not want there to be a lengthy delay between the time of your death and the time estate assets are available to your family. If your estate must […]
Estate Plan Updates for Seniors
If you have an estate plan in place you are better prepared than over half of all Americans, according to the most recent surveys. For that plan to continue to protect you and your loved ones as intended, however, it needs to be updated from time to time. Knowing how often to review your estate […]
Should I Use a Living Trust or a Will?
When most people set out to create their first estate plan they begin by executing a Last Will and Testament. A Will can accomplish the most basic estate planning goals; however, as your estate and your family grow, your estate plan may also need to grow. At some point, you may consider switching to a […]
Common Mistakes to Avoid When Creating Your Will
For most people, a Last Will and Testament serves as the foundation upon which their comprehensive estate plan is built. Giving the importance of your Will, it should be error-free, particularly because any errors or problems with your Will are not likely to be uncovered until after you are gone, meaning it will be too […]
What Is Probate Litigation?
Probate is the legal process typically required after an individual’s death to settle and distribute the decedent’s estate. The probate process can be costly and complicated even without disputes; however, when a dispute turns into litigation, it can wreak havoc with the administration of the estate. The Geneseo probate lawyers at Nash Bean Ford & […]
How Does a Trust Terminate?
Trusts were once used almost exclusively by wealthy families as a tool by which the family wealth was passed down through the generations, often without paying substantial taxes on the transfer of wealth. Most of those tax loopholes have long since been removed; however, trusts are more popular than ever. In fact, trusts have evolved […]
