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Category Archives: Estate Planning

Read more on the complicated issues related to estate planning that Alatsas Law Firm believes are pertinent to anyone considering or already planning their finance’s future

The Importance of Legal Guardians and How to Choose a Guardian for Your Child

Many people think of a will as a document that sets forth who will get money and property after someone passes away, but a huge component of a will involves financial support and guardianship of minor children in the event of an untimely death. This is something that no parent wants to think about, but […]

What Is a Codicil, and How Is It Used to Change a Last Will and Testament?

One of the best things you can do to plan for your future and take care of your loved ones is to establish a last will and testament. However, circumstances in your life may change over time and render your original will specifications to be irrelevant or undesirable. You can make changes and updates to […]

Continuing Care Retirement Communities

Life plan communities — often referred to as continuing care retirement communities (CCRCs) — are an increasingly popular choice of aging Americans. These communities offer the array of care options necessary as seniors move through the stages of aging that include independent or assisted living, memory care, and skilled nursing. Beyond health care CCRCs offer […]

The 5 Things You Must Have in an Estate Plan

Estate planning is important for people of all ages, but as we age, the need for planning becomes even more critical. Many people avoid estate planning because they do not want to think about the end of life, failing health or disability. Others believe that an estate plan is only for rich people. However, an […]

Estate Planning and the Latest Tax Laws

Congress passed the Tax Cuts and Jobs Act in December of 2017 which is aimed at cutting taxes for corporations and all Americans. While the bulk of the legislation went into effect in January 2018, most taxpayers will not see much of a difference in their taxes until 2019, when they file their 2018 taxes. […]

Why You Should Absolutely Have an Estate Plan

When it comes to establishing wills and estate plans, older Americans outpace their younger counterparts. Still, a significant number — 19 percent of those over age 72 and 42 percent of those between 53 and 71, according to survey data — lack any type of estate plan. Although managing these details can seem daunting, and […]

4 Things to Include in a Letter of Instruction

A letter of instruction can be a beneficial piece in estate planning. It is an informal document that will give your loved ones important information about personal and financial matters after your death. Letters of instruction are not legally binding and do not replace your need for a will or a living trust, however, it […]

Estate Planning Update: How to Do It and When

Having an estate plan in place is one of the most important things you can do to ensure that your wishes are carried out and that your loved ones are taken care of after you’re gone. Some people think of estate planning as a one-time endeavor that does not require any additional reviews or revisions. […]

What Does the Executor of an Estate Do?

Being named the executor of an estate is a big responsibility that involves representing a person’s estate as whole in the legal proceedings. However, this title comes with many other requirements that must be handled in a detailed and timely way. This article will answer the question of what does the executor of an estate […]

Last Wills & Testaments | Most Commonly Asked Questions

Not many people want to discuss what will happen when they die. Even though death is a certainty, some people are in denial of that fact. As a result, they delay the estate planning process for as long as possible. Some even die without a will in place. If you are ready to start preparing […]