What Being “Intestate” Means

Very simply put, someone is considered “intestate” when they pass away without a Will. Similarly, one can be considered “partially intestate” if they die with a Will that covers only portions of their assets. The implications of dying intestate can be far-reaching, and will most likely subject your estate to intestate succession. What is Intestate Succession?   Intestate succession is what happens when you die Read More

This is Why You Need a Trust

In the past, Trusts were seen as a tool only the wealthy needed to protect their investments, and assets, and to pass down wealth to their heirs. These days, however, younger generations are beginning to learn the benefits of establishing a Trust, regardless of the amount of assets they’ve accumulated. Here are just a few reasons why, at any age, establishing a trust is beneficial to you: Managing and Read More

Beware of These Mistakes When Writing Your Will!

Estate planning is often something people put off until later in life, but it’s important for anyone of any age to have an updated Will in place in the event of the unexpected. If you do have a Will in place, you’re ahead of the game, but mistakes in the preparation process could prove to be detrimental in the long run. Here are some common mistakes to avoid when drafting your Will: Doing it Yourself - your Read More

What is the Difference Between a Will and a Trust?

Both Wills and Trusts are extremely useful estate planning instruments that serve two different purposes, but work together to complete your estate planning. Wills and Trusts do share some commonalities. For instance they both allow you to name beneficiaries for property and appoint an executor. In this article we will briefly explore the differences between the two, and the purpose they serve for you: Read More

How Does a Medicaid Spend Down Work?

For a senior to claim Medicaid long term care, they must meet several eligibility requirements which includes a need for care with limited income and assets. The various limits differ according to states as well as your marital status. But there is still a way to qualify for Medicaid despite not meeting the income/asset requirements. This program is called the Medicaid “spend down.” There are two types of spend Read More

3 Tips on Choosing the Right Guardian

What is a guardian? A guardian is a person or agency that has been court appointed to manage someone’s affairs. When it comes to the elderly, this is mostly due to mental deterioration or physical incapacity. The guardian then assumes the rights of the incapacitated person and will be responsible for making life decisions on their behalf. A guardian can be held accountable for their actions by the court. How do Read More

What to Discuss with Your Elder Law Lawyer During Your Meeting

There are plenty of great reasons to meet with an elder law attorney, whether you're planning in advance, you're going on behalf of a loved one, or you're hoping to address a specific issue. Make sure you're prepared for the appointment by drawing up a list of pressing questions. Take these key issues as examples. Reviewing your decision-making options. Because elders are more susceptible to conditions like Read More

How Do I Talk to My Family About My Estate Plans?

If you're in the midst of building an estate plan, you may be wondering how to properly involve your family members and loved ones in the process. How do you broach the subject tactfully and respectfully? Pick the right time and setting. First, make sure you schedule a family meeting with the proper timing. You shouldn't bring up the subject of death too soon after major events like the death of a relative. You Read More

6 Simple Ways to Save Money for Retirement

It's never too early—or too late—to start saving for your retirement! Even if you have a small income or a big debt, you can still find simple and straightforward ways to set aside funds for retirement. A few suggestions: 1) Cut down on spending. Sometimes the most effective method is also the simplest, particularly when it comes to saving money. It's always worth taking a look at your your spending habits to Read More

The 5 Estate Planning Documents to Get in Order at the First Sign of Dementia

A declining memory, reduced coherence and reasoning, and an inability to focus. These are just some of the many signs that a loved one has dementia. You want what’s best for our loved one in their time of need, but you also want to respect their autonomy over themselves. That’s why at the first signs of dementia, you should also consider consulting with a lawyer about arranging these 5 essential documents with or for Read More