Supporting a child with special needs can create a financial predicament for a family. Unlike the costs of raising a typical child, the expenses for a child with special needs don’t end at 18; they can continue for the rest of the child’s life. Many families rely on Social Security or Medicaid to cover some […]
When your children are young, you envision continuing to be a part of their life as they grow up – spending holidays together, visiting one another, and cultivating special relationships with their children (your grandchildren). The reality is not always that idyllic. Whether due to disagreements, substance abuse, a controlling spouse, or many other potential […]
After a loved one dies, their Personal Representative submits a copy of the Decedent’s Will to the county Probate Court. After this happens, the Decedent’s spouse, children, or beneficiaries have three months to contest the Will if they believe either the whole Will or parts of it are invalid. While proving a Will invalid is […]
Your parents raised you and took care of you when you needed them. Now, the tables have turned; they need you to care for them. This role reversal is difficult for everyone involved. In a perfect world, your parents would have created a Designation of Healthcare Surrogate and Advance Directive to plan for this situation, […]
Acting as Personal Representative of a decedent’s (person who has passed away) Estate involves a significant time commitment, attention to detail, and, in some cases, handling conflicts between Heirs and Beneficiaries. There are two ways to be named as a Personal Representative: you could be named in a Last Will and Testament for someone (usually […]
When our children are born, we all have hopes and dreams for their future, Will they become a doctor? A teacher? A famous musician? Unfortunately, this is not always the case. Many people struggle with different forms of addictions. Having a child addicted to drugs is no parent’s desire, but sadly – it happens. We […]
Firstly, congratulations on creating an estate plan – it’s a task that many people delay or avoid. Moving your assets into a Revocable Trust is one of the most efficient and effective ways to maintain control of your assets during your lifetime, while privately and seamlessly transitioning them to your beneficiaries after you’re gone. When […]
In 2015, the Supreme Court legalized same-sex marriage throughout the nation, giving same-sex couples the same legal rights and privileges as heterosexual couples. Even with these rights, there are some situations involving children that are inherently more complicated with same-sex couples than heterosexual couples. When it comes to estate planning, there are five key documents […]
A Generation Skipping Trust (“GST Trust”) can be a strategic tool for high net-worth families to pass assets on to future generations while minimizing or, in some cases, eliminating transfer taxes. In a typical non-GST Trust, the Grantor establishes their children as the beneficiaries. This is not always ideal because when the assets pass from […]
Many people believe that they don’t need a Will if they don’t have a spouse or children. Even if you don’t have any dependents or heirs, you may still want the people or organizations of your choice to inherit your assets and possessions rather than the state deciding how to distribute them. If you die […]
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