A will and a trust are separate legal documents that typically share a common goal of facilitating a unified estate plan. While these two items ideally work in tandem, since they are separate documents, they sometimes run in conflict with one another–either accidentally or intentionally.
Adults with disabilities are living much longer than in the past, which means their aging parents must plan for the day when their dependent children outlive them.
This time of the year is a great time to revisit your estate plan, so you can ensure your legacy is protected for years to come.
I am named successor trustee in my parents’ trust. When the time comes, how do I sell the home and the other assets?
Running and owning a business is just like raising a child: Both are investments in the future, and both require a lot of time, resources and effort to raise successfully. One can argue that you would treat your business like you’d treat a child; you’d want it to succeed even after you’ve passed on or retired.
Congress passed an important retirement-savings law called Setting Every Community Up for Retirement Enhancement, or the SECURE Act of 2019.
Taking over a loved one’s affairs is not easy. However, what can make the task less daunting, is to make sure you get off on the right foot by obtaining the necessary legal documents and other information which will make your job much easier.
One of the most dramatic scenes in the movie, is the gathering of the Thrombey Family at their father’s estate to hear the reading of the will.
When you put your assets into a Medicaid Asset Protection Trust (MAPT), Medicaid does not count those things toward the asset limit.
Turning 65 is a major milestone for many Americans, as it is the traditional age at which they start thinking seriously about retirement.
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