Medicare Extra Help Program Set to Expand in 2024
Seniors and disabled citizens will receive more access to the Medicare Extra Help Program as of the beginning of 2024.
The Importance of Estate Planning for Growing Families
Most young parents are not concerned about death or serious illness or injury. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical insurance, disability insurance, and…
What are Grantor-Retained Income Trusts?
In wealth transfer and estate planning, some people seek strategies that preserve their assets, as well as provide financial benefits. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals to retain an income…
A Guide to Managing family wealth and tax planning
For high-net-worth families, a variety of legal strategies are available to maximize wealth preservation and minimize tax obligations. However, tax laws continually change and can impact new and existing estate plans. For example, the SECURE and SECURE 2.0 Act presents…
Is It Ever a Mistake to Disinherit a Child?
Generally, parents treat their children equally when it comes to money or property inheritances. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a…
Ensure That Your Estate Plan Is Handled by a Team of Professionals
Your estate plan should be created with the help of a professional team to provide you with the best advice and legal documentation to ensure your legacy is protected for future generations. Aside from an estate planning attorney, who often…
The Digital Footprint of a Loved One After Death
Many adults don't have a will, much less an estate plan addressing their online profiles. As your online presence grows professionally and personally, taking charge of your digital assets and plans for them after you die becomes important. Some social…
A Power of Attorney Should Not Be Drafted Online Using Free Legal Documents
You can delegate the power of attorney to someone you trust to conduct transactions or make decisions on your behalf. They could be related to personal finances, business operations, or medical needs and used for a single immediate purpose or…
Considering the Major Elements of Estate Planning
An estate plan is designed to ensure that your assets are distributed according to your wishes and to provide for your loved ones after you pass away. It requires organization and strategy and begins with five key legal documents that…
If a Family Member Passes Away Without a Will, What Can Be Done?
COVID-19 has brought greater awareness in the US of the need for wills, living wills, and living trusts. Still, this knowledge is not translating into estate planning action. No matter your age or asset level, having a will is beneficial.…