The idea of putting your dog in your estate plan can sound silly when you are a relatively young adult. Lifespans for our fine furry friends are relatively brief compared to humans, and most dogs are mutually owned by families, so there is more than one potential caretaker. This being stated, the dynamic is quite a bit different for senior citizens. Since we are elder law attorneys, we do get questions about inheritance planning for pets. A Cure for Loneliness Though some people think that … [Read more...] about Can a Senior Put a Dog In an Estate Plan?
There is the right tool for the right job in any field of endeavor, and this certainly comes into play when you are talking about inheritance planning. You have many different options when you are planning your estate, and you should carefully explore them so that you can provide for each person that you love in the ideal manner. If you have someone in your family with special needs, you may want to make this individual more comfortable, either through an inheritance or a direct lifetime … [Read more...] about A Look at Two Useful Inheritance Planning Tools
Incapacity Planning in Vermont from Stephen Unsworth The road to being declared incapacitated can be slow due to a physical or mental change.Learn more about Incapacity Planning in this presentation. … [Read more...] about Incapacity Planning in Vermont
Those who own property might want to consider talking to a professional legal expert about issues involved in establishing a trust. Trust Administration is a critical component in this aspect of Estate Planning. Splitting Ownership A trust can split ownership of legal property. This applies to either real or personal property. The creator of the trust defines how assets are to be distributed and who benefits during his or her lifetime. After death, then the person responsible for Trust … [Read more...] about Establish a Trust to Protect Property Assets