If you have concerns about your future abilities or you want to make sure that all of your bases are covered, it’s time to consider setting up a Power of Attorney. According to the American Bar Association definition, a Power of Attorney is a legal document that gives another person the legal authority to make … continue reading the entire article
Making a will is one of the most important things you can do to provide security and peace of mind for yourself and your loved ones. Unfortunately, many people don’t realize how complicated the process is or how elder law attorneys can guide them through it. Here are some key points to consider when making … continue reading the entire article
Does my business really need one? Have you ever wondered… do I need an LLC for my business? Don’t worry, we are here to help. An LLC stands for “Limited Liability Company”. An LLC is mainly setup to protect the members’ personal assets and keep them separate from the business’s creditors. What does that mean … continue reading the entire article
What’s the difference and why do you need both? Often clients ask, “If a Trust is more effective in transferring my assets, why do I need both?” A will and a Trust go hand-in-hand. We will explain below why you need both and how we can help. The most important difference between a Will and … continue reading the entire article
Estate planning enables a person to determine how their assets will be administered and owned after death or incapacitation. Here are 4 useful tips you should know since they will greatly assist you in creating an estate plan. Work with a Specialist Many self-help tools are available online, but you can also consult a professional … continue reading the entire article
Wills are documents that allow you to determine to whom your assets are distributed after your passing. A will also indicate who will be the executor of your estate. According to Legal Zoom, it is estimated that about 50 – 60 percent of Americans do not have a will. Continue reading to find out why you should hire an attorney to create your will.
When you receive a gift from someone’s estate, you can refuse to accept the gift for any reason. This is called “disclaiming” the gift. When you disclaim a gift, you have no right to decide who gets it. Instead, the inheritance will pass on to the next beneficiary listed. Once the decision is made and legally filed, it is not revocable.
Assets can be placed directly into a living trust to avoid probate, but also in some situations, you may choose to instead transfer the property by beneficiary deed. A beneficiary deed lists who the owner wants to inherit the property after his/her death. The new deed must be signed and recorded with the office of … continue reading the entire article