Search Results

financial affairs are in order. succession Trusts Probate Elder law Guardianship Medicaid planning Special needs planning Long-term Our attorneys can also help you establish a financial power of attorney to oversee your wishes. A will only comes into effect after your passing, leaving your elder years unaccounted for. Working with an estate planning and elder law attorney is the smartest choice in preparing for long-term

Estate planning is a vital step in securing the financial future of any family. What is Estate Planning? Estate planning also involves planning for your children’s care and making sure that your wishes are Estate planning can help you: Protect your children — Estate planning allows you to appoint guardians Steps to Take When Estate Planning for Young Families Now that you understand why estate planning is

Here is a handy checklist for all your estate planning needs: Your Will Even if you already have a will estate Powers of Attorney If you have not already selected a trusted family member or friend to make financial You may want to solicit the help of a trusted estate planning attorney for this task. Too often, we hear stories where people fail to take care of estate planning concerns after a divorce

That is a staggering statistic, even for me as a Houston estate planning lawyer that works with sick Everyone needs estate planning, but for the chronically ill there is a high sense of urgency. For healthy people, a will or trust plans for the “what if?” When you have a chronic illness, you are planning for the “here and now.”  that because you are suffering from a chronic illness that it is too late to take steps to better your financial

Because aging makes seniors more vulnerable with financial decisions, those with Alzheimer’s or dementia , the report details the efforts using MRIs to find out more about the brain and financial capacity. The professor says that changes in some parts of the brain are linked to loss of financial capacity. Get to know your aging parent’s financial advisor, attorney and others involved in his or her financial A notarized power of attorney or a letter granting you access to financial information would be required

Business Succession Plans Succession planning has become all the rage in the wake of HBO’s hit show “ Going without a succession plan in 2022 is, simply put, a bad idea. is best to seek the guidance of a professional estate planning attorney. The Best Business Plans Include Estate Plans You have worked hard to build your business. Take time to ensure its longevity by creating an estate plan.

assistance of an estate planning or elder law attorney. Planning for Irresponsible Beneficiaries When you begin the estate planning process, you may wish to Why an Estate Plan Is Beneficial Aside from preventing family fights and possible financial turmoil for Thorough estate planning can protect your family from financial hardships after your death. By taking the time to sit down with our team at Your Legacy Legal Care, you’ll avoid many potential financial

But after investing and saving with one of these plans for the last 30 years, as retirement nears you MarketWatch, in its recent article, “IRAs are for retirement planning, not for retirement,” suggests If you’re between the ages of 59 and 70½, you are at the perfect spot to start an IRA Exit Plan. Talk with a qualified estate planning attorney when designating your primary, contingent, and tertiary This inability to change ownership of your IRA can lead to gaps in planning for Medicaid and Veteran

Delaying Plans Another common Medicaid planning misstep? Waiting too long to cement plans. The earlier you start planning, the more options you will have available. That is where an experienced elder law attorney can help. an elder law attorney to ensure you are not overlooking important assets that need to be protected is To schedule a strategy session with one of our experienced elder law and Medicaid attorneys today, call

that he has a fortune estimated at more than $5 billion, Sumner Redstone could hire the best estate planning The New York Times’ article, “In Sumner Redstone Affair, His Decline Upends Estate Planning,” explains Regardless the size of their net worth, a good number of those people will consult with estate planning However, sometimes no amount of legal advice can save people from their unwillingness to make plans for Reference: New York Times (June 6, 2016) “In Sumner Redstone Affair, His Decline Upends Estate Planning

Benefits of High-Net-Worth Estate Planning Estate planning offers several benefits to individuals with Key Considerations for High-Net-Worth Estate Planning High-net-worth estate planning involves several attorney is a legal document that enables someone else to make important decisions—whether medical or financial—on Insurance planning — Insurance planning can help you ensure that your loved ones are provided for after can use life insurance , disability insurance, and long-term care insurance to protect your family’s financial

For Generation Z, COVID-19 has been something of a rude awakening to the realities of estate planning While it might once have seemed like a task to put off until retirement, estate planning is now considered As soon as you turn 18, your parents have no legal access to your medical or financial accounts like Without a clear plan for those assets in place, however, their safety could become jeopardized. and elder law team.