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One of the most critical aspects of this planning is creating a will. How to Protect Your Assets and Ensure Your Loved Ones Are Taken Care of If you don’t have a will in Texas To ensure that your loved ones are taken care of properly after your passing, it is important to make tax implications, you can minimize the risk of disputes over your assets and provide for your loved ones A good lawyer will help you navigate the complex legal system and ensure your loved one’s assets are

Children and grandchildren alike often find themselves embroiled in battle over their deceased loved ones That is why it is so important to discuss your estate plans with your loved ones as you make them. While such conversations can be uncomfortable, your loved ones deserve your reasons rather than make that will make your wishes clear and take some of the responsibilities off the shoulders of your loved ones

Divorce and remarriage can create families where some of the kids have one but not both parents in common One solution is to consider a larger portion of the estate for their future care. One solution is making them the beneficiary of a life insurance policy, payable to the heirs who have To preserve harmony in the family, no one but the beneficiary of that policy needs to know, and if wishes

Stop me if you have heard this one before. One day she was in a terrible car accident, and she passed away. The next day was pay day. One of the longest serving employees exclaims, “Have some respect for the dead!” much more complicated than regular estate planning because you are essentially crafting two plans — one for yourself, and one for your business.

One question that frequently arises is whether a power of attorney can assign another power of attorney Understanding the intricacies of how to transfer power of attorney, the possibility of having more than one Can You Have More Than One Power of Attorney? Yes, a principal can appoint more than one agent in a power of attorney arrangement. When changes are needed, the principal must revoke the existing POA and create a new one.

Transfers: Talk to an Elder Law attorney to learn about Medicaid guidelines that are applicable for your In addition, if you or a loved one is a veteran or the widow of a veteran, have the Elder Law attorney One last note: don’t place your faith in an Internet search for answers to your unique situation.

When employed correctly, an advance directive can ease stress for your loved ones and ensure you get keep these all-too-common advanced directive mistakes in mind: Mistake #1: Forgetting to Sign the Form One No one can sign on their behalf. or other healthcare worker to oversee the signing of such documents – especially if you or a loved one If you or a loved one are expecting a lengthy stay in the hospital or in a nursing home and need help

Ideally, we would like to help loved ones on both ends of the continuum of life: the younger generation with expenses related to college, home buying, and starting their families; and the elder generation But when it comes to balancing the needs of your family, you do not want one side’s needs to erase the Irrevocable Trust Shifting a loved one’s assets from “countable” to “non-countable” assets is best done But the trust also helps enable you or your loved one become eligible for Medicaid.

That is why so many people opt to name a loved one as their agent in their power of attorney. always difficult to think of your own mortality or demise, considering how – or whether – your loved ones the end of your life should not be put off and is an important part of protecting you and your loved ones Having an estate plan in place will allow you to enjoy life, knowing your loved ones and assets will click here to schedule your strategy session with an experienced member of our estate planning and elder

When both parents are deceased or even when one parent is deceased, you can file for guardianship over What Happens If a Guardian Is Not Appointed and a Situation Arises Where One Is Needed? incapacitated person does not have family or family that sees them regularly, there is potentially no one If no one is in place to ensure that the bills are getting paid, they are getting medications, and being Get the information and legal answers you are seeking by calling us today to ensure your loved one is

While no one ever sets out to plan to get divorced, divorces are increasingly common in the United States When divorce happens, one of the most asked questions that people have undoubtedly has to do with their For many separating couples, dividing material assets is one of the most challenging parts of the divorce Even a vehicle owned by one spouse can be considered marital property. Typically, the easiest agreement involves one spouse buying out the other spouse, once these values have

Planning is one of the most effective ways to mitigate that stress, so it goes without saying that long-term planning can have a similar effect on your estate and loved ones. You may not be able to prevent the worst-case scenarios of life from happening to you and your loved ones By preparing in advance, we are able to reduce the stress associated with the loss of a loved one, incapacity