Marriage, divorce, or losing a spouse are all emotional experiences, but they are also financial ones. One thing to think about is how marital status changes your social security benefits. Understanding your options in different situations removes the burden of decision-making…
Estate planning and elder law differ from one another as you prepare for the future, both in terms of finances and health needs. Estate planning and elder law also have some similarities. Even though these two types of law are for…
The US Food and Drug Administration (FDA) recently approved a new drug under the trademark Aduhelm™ to treat Alzheimer’s disease. The drug, Aducanumab, is a therapeutic drug that clinically demonstrates a potential to delay further decline from Alzheimer's disease and…
Wills serve as legal directives regarding who will inherit your property after you die and are an essential component of a comprehensive estate plan. If you die without one (intestate), the state will distribute your assets and property via state…
The practice of estate planning is evolving due to changing family structures. As recently as thirty years ago, a traditional family comprised a husband and wife who married young, purchased a home, had children, and worked toward financial stability and…
Almost everyone knows about the probate process, which takes place in probate court after someone passes away, and they are aware that it takes place after someone dies. Unfortunately, fewer people know that it can be a long and complicated…
Most likely, you have a beneficiary, as beneficiary designations are common in retirement accounts, wills, and trusts. A beneficiary is an individual (or legal entity) to receive the proceeds from a financial product or vehicle when the owner passes away.…
We don't own much. Isn't it possible to put off planning until we are able to afford it? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything…
At first glance, life insurance may not seem to have any bearing on how assets are distributed in your estate plan. However, life insurance can be an integral, indispensably important part of a well-thought-out estate plan. There are numerous other…
You have been asked to be trustee for the trust created by your friend Rose. You would be managing Rose’s property for her and for others whom she names as beneficiaries. You might be paying her bills and taxes, overseeing…