It can seem like estate planning is all about the execution of a static document. You certainly have to leave behind instructions, but who will follow them, and how will it be done? The process of estate administration should be considered when you are planning your estate, because your understanding of it will impact the choices that you make. Last Wills A lot of people just blindly assume that a last will is the right asset transfer vehicle to utilize unless you are super rich. It can be … [Read more...] about Estate Administration: Keep It Simple
Estate Planning Solution for Senior Pet Owners
There are estate planning solutions that can be implemented to satisfy virtually any objective. You should certainly discuss your estate planning goals with a licensed estate planning attorney so that you can become apprised of your options and act in a fully informed manner. With the above in mind, you should be aware of the fact that it is possible to provide for your pet in your estate plan. At one time, pet trusts were not legal at all, but eventually, some states started to adopt the … [Read more...] about Estate Planning Solution for Senior Pet Owners
Probate Avoidance Is Not the Only Consideration
When you discuss estate planning with laypeople that have a little information, you may hear bits and pieces that can give you the wrong idea. In a lot of instances, they revolve around the concept of probate avoidance. Estate Administration Probate is a legal process that would enter the picture if you use a last will to arrange for the transfer of your assets. The probate court would provide supervision during the estate administration phase. This process would take eight or nine months … [Read more...] about Probate Avoidance Is Not the Only Consideration
Legacy Planning: Leave a Piece of Your Heart
Most people focus purely on monetary matters when they consider the subject of estate planning. This is certainly understandable, and it is important to suitably provide for your loved ones on this level. At the same time, you could take a more comprehensive approach and engage in the process of legacy planning. This would include leaving behind important pieces of your heart, mind, and soul. Ethical Will Throughout your life, members of your family have invariably come to you looking for … [Read more...] about Legacy Planning: Leave a Piece of Your Heart
Recognize the Importance of Medicaid Planning
If you have never looked into the subject of long-term care and the costs that go along with it, you are about to obtain some very important information. In this blog post, we will explain why Medicaid planning is something that should definitely be on your radar. Limitations of Medicare If you work and pay taxes for at least 10 years, or if your spouse has done this, you will qualify for Medicare when you reach the age of 65 under currently existing laws. This health insurance program for … [Read more...] about Recognize the Importance of Medicaid Planning
