The surge in popularity and value of cryptocurrencies like Bitcoin, Ethereum, and countless others has ushered in a new dimension to estate planning. Digital assets, by their nature, come with unique challenges not typical of traditional assets. Here's a breakdown of what you need to consider when incorporating cryptocurrency into your estate plan. 1. Inventory Your Assets: Begin by cataloging all your digital assets. This includes not only the cryptocurrencies themselves but also any … [Read more...] about Cryptocurrency and Your Estate Plan
Estate Plan
How to Plan for a Blended Family in Your Estate Plan
Blended families, where one or both spouses have children from a previous relationship, can present unique challenges when it comes to estate planning. To ensure that your estate plan reflects the needs of your blended family, here are some steps you can take. These will put you on the right path to creating a plan that you can be confident in. Take inventory of your assets: Start by making a list of all your assets, including property, investments, and personal belongings. This will help … [Read more...] about How to Plan for a Blended Family in Your Estate Plan
Common Mistakes to Avoid When Creating an Estate Plan
Creating an estate plan is an important step in ensuring that your loved ones are taken care of after your death. However, there are several common mistakes that people make when creating an estate plan that can lead to legal disputes and financial losses. Here are some common mistakes to avoid when creating an estate plan, and remember, we're always available to assist you. Contact us to schedule a consultation. Failing to create an estate plan: Many people put off estate planning because … [Read more...] about Common Mistakes to Avoid When Creating an Estate Plan
The Benefits of Creating an Estate Plan
Creating an estate plan is an important step in securing the future of your loved ones and protecting your assets. Before we discuss the benefits, remember that we're available to help you. Ensuring your assets are distributed according to your wishes: With an estate plan, you can outline how you want your assets to be distributed after your death. This can prevent legal disputes and ensure that your loved ones are taken care of. Protecting your beneficiaries: Estate planning can protect … [Read more...] about The Benefits of Creating an Estate Plan
The Importance of Updating Your Estate Plan as You Age
Creating an estate plan is an important step to ensure that your assets are distributed according to your wishes after your death. However, it's equally important to update your estate plan as you age. Life is unpredictable, and circumstances change over time, which is why estate planning is an ongoing process. Updating your estate plan as you age can provide several benefits, including: In conclusion, updating your estate plan as you age is an important step in ensuring that your … [Read more...] about The Importance of Updating Your Estate Plan as You Age
The Consequences of Not Having an Estate Plan
Estate planning is an important task that everyone should undertake. It involves the creation of legal documents that outline how you want your assets to be distributed after your death. However, many people put off estate planning or never create an estate plan at all. Here are some of the consequences of not having an estate plan: In conclusion, not having an estate plan can have serious consequences for you and your loved ones. It's important to work with an experienced estate planning … [Read more...] about The Consequences of Not Having an Estate Plan
Is it Time to Review Your Estate Plan?
Your estate plan is a vital document that outlines how your assets will be distributed and managed after your passing. It is essential to review and update your estate plan regularly to ensure that it reflects your current wishes and that it is in compliance with the law. But how do you know when it's time to review your estate plan? Here are a few key indicators that it may be time for a review. 1. Life Changes One of the most significant reasons to review your estate plan is when you … [Read more...] about Is it Time to Review Your Estate Plan?
Our Available Services During COVID-19/Coronavirus Pandemic
The health and safety of our clients, staff, and friends of the law firm are top of mind amid concerns about the spread of the Coronavirus (COVID-19). As estate planning and elder law attorneys, our practice is dedicated to serving our most vulnerable citizens, including seniors, those who are ill, disabled, experiencing mental health challenges and children with special needs. The uncertainty around the pandemic has many people with immune system challenges concerned about exposure to the … [Read more...] about Our Available Services During COVID-19/Coronavirus Pandemic
Assisting Family and Friends During These Trying Times
Before the onset of the Covid-19 pandemic, many of our clients were already assisting elderly or disabled family member and friends with such things as meals, medications, medical visits and shopping. Regular visits just to check in were also part of many folks’ normal routines. COVID-19 restrictions have had a large negative impact on many of these activities. So, how can you continue to assist under these new circumstances? Here are a few thoughts: Medical Issues Under a federal … [Read more...] about Assisting Family and Friends During These Trying Times
Covid-19 and Your Estate Plan
The COVID-19 crisis has caused many people to realize that life-changing events can happen unexpectedly and turn their lives upside down. The myriad of challenges caused by the COVID-19 pandemic have given many pause to rethink their concerns and priorities. Estate planning is one area that should get attention, and possibly revision, as a result of the impact of current events . Here are some things to consider as you review your existing plan. Are all your estate planning documents up … [Read more...] about Covid-19 and Your Estate Plan
