Category: Estate Planning

We Want to Draft Your Legacy

What If an Estate Owes Back Taxes?

March 11, 2022
My mother passed, and she was an administrator of my grandfather’s estate and the inheritances. The estate accumulated quite a bit of back taxes over the years. Will the IRS put a lien on that estate as well as hers to retrieve funds?
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Does Marriage have an Impact on a Will?

March 10, 2022
Being married is significant both for a married person’s lifetime estate planning and subsequent administration of the estate at death. Important rights and responsibilities exist between married persons.
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Why Is Estate Planning Review Important?

March 9, 2022
Your estate planning is done, but is it? A periodic review is an important ongoing step to your planning.
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Is a Medicaid Annuity a Good Idea?

March 8, 2022
For couples who face depleting their own assets, using a Medicaid-compliant annuity could be a way to preserve assets and still qualify for Medicaid.
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Can You Set Up a Trust After Death?

March 7, 2022
In estate planning, the use of trusts to manage the distribution of assets is becoming increasingly more common. However, for many people, the idea of setting up a trust during his or her lifetime is overwhelming and perhaps even unnecessary.
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What Can a Trust Do for Me and My Family?

March 4, 2022
Trusts are often associated with the rich, but the uber-wealthy are not the only people who can benefit from using trusts. There is no minimum asset level or net worth required to set up a trust, and you can put any amount of money into a trust.
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Who Is the Best Choice for Power of Attorney?

March 3, 2022
These agents take over your affairs in specific areas, if you become physically or mentally incapacitated.
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How Do I Give Assets to Minor Grandchildren in My Will?

March 2, 2022
You have many options to make sure your wishes are followed after you die.
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What Happens to Parents’ Debt when They Die?

March 1, 2022
Adult children typically don’t have to pay their parents’ bills. However, there are exceptions.  Even when a child doesn’t have to pay directly, debt could reduce what they inherit.
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How Do You Pass Down a Vacation Home?

February 28, 2022
If you do not plan appropriately and thoughtfully, problems may arise with respect to this property and your family when you are gone.
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