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regardless of whether the child with special needs is a minor or is now an adult – especially if they will one child’s competency and age, but it is never too soon to start considering how to plan for your loved one A First Party Special Needs Trust For your disabled loved ones that are under the age of 65 and inherit One exception to this rule? Transfers to a special needs trust generally incur no penalty. Call us at (281) 885-8826 or contact us here to start planning for your loved one’s future today.

Of course, so will both incomes, so simply having one partner apply is not necessarily the best option Additionally, unpaid debts by one partner can become the legal responsibility of the other spouse after On the other hand, if one spouse makes significantly more than the other, the averaging of these two Estate Planning One of the biggest long-term legal considerations is how your marriage will affect your married brings with it additional rights for you and your partner, such as the ability to care for one

Be wary of investment scams.

While a will is one of the most important estate planning documents you can have, there are some things A will is just one piece of a comprehensive estate plan. Although a will is one main way to transfer property upon death, it does not cover all property. If one joint owner dies, his or her interest immediately ceases to exist, and the other joint owner owns It is crucial to meet with an experienced estate planning and elder law attorney to discuss your goals

One way to ensure that your assets go to the people you want is to have a comprehensive estate plan to outline your wishes for your beneficiaries and usually involves the assistance of an estate planning or elder It is never too late to make the necessary steps to ensure your loved ones are protected! One way to plan for this situation is to make use of incentive trusts. The peace of mind that an estate plan provides will be invaluable to your family and loved ones.

We know how to manage the mountain of paperwork that appears when a loved one dies. credit card company and everything in between, we can help sort through documents to find the important ones order to start the process of sorting through the physical items that are left behind when a loved one We can probate your loved one’s will so family treasures can be passed on to the rightful heirs, and attorneys, it is our job to help clients control the few things that are controllable when a loved one

There are several reasons why putting your house in a trust can benefit you and your loved ones. For one, it can help you avoid probate and other legal hassles arising after your death. This means that your loved ones won’t have to wait for months or even years before they can inherit what This is just one of many tax-saving strategies that can help you reduce the estate taxes owed upon your Putting your house in an irrevocable trust is one way to protect yourself from potential legal battles

, here is the “why” behind that answer that you might not be expecting… There is no such thing as a one-size-fits-all No one to turn to when the will or trust is executed. which case it is not even worth what you paid – and it could cause pain and suffering for your loved ones Call our office at (281) 885-8826 and schedule one today. #Wills #willsandtrusts

For all other separately owned property or individual financial accounts, most states award one-third to one-half to the surviving spouse and the rest to the children. everything to the surviving spouse—or everything up to a certain amount; however, other states award only one-third to one-half of the decedent’s separately owned assets to the surviving spouse.

In one of our previous blogs, Britney Spears’ Conservatorship & How It Can Happen To You , we discussed the importance of having the proper estate planning documents in place so that you or a loved one does Having a statutory durable power of attorney established by an experienced elder law attorney will also This one document could have saved Britney a lot of trouble and will help you avoid the guardianship This may cause a hurdle for some individuals who need to know any medical history of their loved one

One-third of U.S. households own at least one type of IRA, so chances are that you might inherit one

A statutory durable power of attorney is one of the most important estate planning documents you can create, but it is also one that can be misused. However, one option you can implement is to require two signatures for large transactions. One of the most important powers in the power of attorney document is the power to gift. The steps listed above will give you a good idea of what an excellent estate planning and elder law attorney