Category Archives: Estate Plan Trusts

What To Do With Personal Items In Your Estate Plan

Posted on by
Reply

Deciding what to do with your personal items such as your favorite piece jewelry that has been handed down from six generations is what many people think of when they make an estate plan. Although most people should be worried about the big assets such as the house or the retirement accounts, there is an inordinate amount spent focusing on small assets. Many times it is not the big assets such as the house or bank accounts that cause fights among family members when an estate is divided.

This is a preview of What To Do With Personal Items In Your Estate Plan. Read the full post (223 words, estimated 54 secs reading time)

Why Do I Need An Estate Lawyer?

Posted on by
Reply

You might ask for instance why you need an estate lawyer, or who exactly is an estate lawyer. An estate lawyer is an attorney, who sorts out disputes that are being contested under the Law of succession. Lawyers who specialize in estate law, contest all succession issues under three main points. Foremost if you are the claimant, feel that there is enrichment on the part of the deceased. Secondly, you have to establish that there is a corresponding deprivation to you the claimant, and thirdly you have to establish that there is an absence of a jurisdictional reason for that enrichment.

This is a preview of Why Do I Need An Estate Lawyer?. Read the full post (291 words, estimated 1:10 mins reading time)

Eldercare And Estate Disputes – Don’t Let Them Ruin Your Family

Posted on by
Reply

Use these four methods to help keep your loved ones working together, especially during the emotional and traumatic times that usually surround the death of a loved one.

Method 1: Fairness and Equality: If possible, try to treat all your loved ones fairly and in equal shares within your estate plans. The single biggest reason loved ones have hard feelings after the death of a parent is that they feel slighted in some way. It could be financially related, responsibility related or even sentimentally related. If you look at your estate plans from these three standpoints and try to keep everything fair and equal, you will solve most problems before they arise.

This is a preview of Eldercare And Estate Disputes – Don’t Let Them Ruin Your Family. Read the full post (195 words, estimated 47 secs reading time)

How to Protect Your Assets Through LLC and Estate Planning

Posted on by
Reply

Forming an LLC or a Limited Liability Company helps in protecting your assets from possible creditors. Most businesses choose to form an LLC for assurance that personal assets won’t be seized by creditors in case a lawsuit or any unexpected incident comes up. These incidences may include a guest or an employee suing your company for damages or personal injuries. This can be a big blow to your company so you have to make sure you won’t go totally bankrupt for the cases. Company assets would be the only property that can be dragged to court, any other else would be safe and secure. In short, LLC offers you a great opportunity for asset protection and estate planning.

This is a preview of How to Protect Your Assets Through LLC and Estate Planning. Read the full post (255 words, estimated 1:01 mins reading time)

Considerations of Establishing Medical Power of Attorney

Posted on by
Reply

Establishing a medical power of attorney is a good choice for practically everybody. This document is needed to designate an agent to make medical choices on your behalf if something happens and you’re unable to communicate your desires. Agents are normally relatives or good friends, but could also be lawyers or physicians.

Making use of a medical power of attorney can reduce burdens for loved ones if tragedy occurs. It provides directives regarding the kind of medical treatments that you do not want to have and authorizes agents to work with healthcare professionals to ensure they carryout written directives.

This is a preview of Considerations of Establishing Medical Power of Attorney. Read the full post (191 words, estimated 46 secs reading time)