You’ve worked hard to provide financial stability for yourself and your loved ones, but your assets may be at risk. In our blog, we discuss using strategies such as trusts and family limited partnerships to protect assets from creditor claims, divorce, lawsuits, or taxation. To learn how we can assist with your specific asset protection needs, please contact our office to request a free initial consultation.
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It Is Important to Have a Plan for Your Assets and Property Estate While UnmarriedAmong older Americans, divorce and widowhood are at an all-time high, leading to new partnerships.
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Managing Family Wealth and Minimizing TaxesMany legal strategies are used to maximize wealth preservation and minimize tax liabilities for high-net-worth families. Changing federal and state tax laws can impact new and existing estate plans.
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Your Plan Will Also Protect Your Legacy From Your Children's Potential Divorces or BankruptciesYour family’s memories of you can be connected, through your things, in deeply emotional ways that may have nothing to do with the actual cash value of items.
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How You Share Your Assets With Your Children is Up to YouIf you have more than one child, you’ve probably wondered if you should leave each of your children the same amount in your will or trust. For many families, the “Equality Principle” rules and every child receives the same inheritance.
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Elder Care: Should Children Pay?It is no longer news that long-term nursing care is astronomically expensive. Depending on the location, monthly costs can reach $7,000.00 or more.
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Discussing Your Parent’s Financial FutureYou shouldn't put off talking about finances with your parent if he or she is already experiencing cognitive decline.
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Six Big Mistakes to Avoid When Estate PlanningPlanning your estate ensures your assets, interests, and those you love are protected after you die. A poor plan can create additional stress in your heirs
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Using Life Insurance as Part of Your Estate PlanGrieving family members shouldn't inherit assets only to find out they cannot access them for the cash expenditures they will have to make after your passing.
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How Elder Law Attorneys Benefit Seniors and Their FamilyIn elder law certified elder law attorneys (CELAs) serve as legal advocates for elderly people and their loved ones. Law affecting older or disabled individuals encompasses a broad range of legal matters.
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Irrevocable vs. RevocableIn estate planning, there are many types of trusts. A revocable trust and an irrevocable trust are the most common and better suited to different estate plans
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How to Identify Elderly Most At RiskThere is an increase in third-party scams as a result of the holiday season when people sincerely want to believe that they are making a donation to help others
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Coming of Age and Powers of AttorneyAt the age of 18, your child is now able to vote, marry, apply for a credit card, make financial and medical decisions, etc. Here's what they should have