Parents who have special needs children often need to deal with issues that parents who don’t have special needs children don’t have to face. While all parents need to create a comprehensive estate plan, especially after they have a new child, parents of special needs children have to take a little extra time when they develop their plan so they can address the specific issues relevant to their situation. Let’s take a look at some of the common concerns that parents with special needs children … [Read more...] about Your Special Needs Children Need You to Act
Parents of Minor Children
Don’t Have a Will? Now is the Time to Make One!
Many people put of their estate planning needs, and don’t even take the time to create a will. Depending on the size of your estate, a will can an important estate planning document that can allow you to achieve a number of things. If you choose to put off some of full estate planning, you should at least take the time to create this important estate planning document. Take a look at the information below, to learn more. If you have any questions, or if you’re ready to begin your estate … [Read more...] about Don’t Have a Will? Now is the Time to Make One!
3 Common Ways to Transfer Your Home to Your Children: Pros and Cons
Your family home may well be the largest piece of property you own, and one that will form a large part of your estate. When it comes time to leave your home to your children there are several options available to you. Some options are more commonly employed than others, and like all other estate planning choices it’s best to discuss each of them with your attorney before you decide on the method that is right for you. Will Transfer If you create a last will and testament you can use it to … [Read more...] about 3 Common Ways to Transfer Your Home to Your Children: Pros and Cons
Yes, You Need To Update Your Living Trust
If you’ve created a revocable living trust, you shouldn’t make the mistake of ignoring it once it’s finished. A good estate plan is a living estate plan, and one that you need to care for just as you would anything else that needs regular attention. Our lives change. Sometimes they change for the better, sometimes for the worse, but they are never the same from day to day. Of course, your living trust isn’t something you need to update all the time. It’s a fairly flexible document, but that … [Read more...] about Yes, You Need To Update Your Living Trust
Why Middle Class Families Need an Estate Plan
If you’ve read anything about the estate tax under the new Tax Law, you probably know that it won’t apply to you as an individual unless you have more than $5.25 million. If you are a married couple, your estate has to be larger than $10.5 million before you even begin worrying about having to pay an estate tax. So if the estate tax exemption limit is so high, do middle-class families need an estate plan? Absolutely. And here are three reasons why. Guaranteeing Inheritances Estate planning … [Read more...] about Why Middle Class Families Need an Estate Plan
When Should I Update My Estate Plan?
They say that one thing leads to another, and this is certainly true when you are engaged in the process of estate planning. Indeed, the word “process” is something to absorb because being optimally prepared at all times is an ongoing endeavor. With this in mind, let’s take a look at the top three reasons to update your estate plan. Marriage, Divorce & Remarriage An update to your estate plan is going to be a natural accompaniment to any change in marital status. In fact, you may … [Read more...] about When Should I Update My Estate Plan?
How Parents Can Choose a Guardian
Whenever parents contemplate their child's future, it's natural to think about how the child would fare if you should die. This is never a pleasant thought, but there is some way to help alleviate the worry. By creating an estate plan in which you choose a guardian to take over caring for your child if you should die, you can rest assured that your child will be cared for by someone of whom you approve. There are two types of guardianships that need consideration. Guardians of the estate are … [Read more...] about How Parents Can Choose a Guardian
