Use this estate planning list before meeting with your estate attorney so that you’re estate is preserved and distributed as you want.
Your Estate Plan Starts with YOU
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Category: Estate Planning and Administration
Your Estate Plan and Retirement
For many, Estate planning and retirement planning are two very different things. However, how you live in retirement can greatly affect your estate plan and vice versa.
Power of Attorney vs. Guardianship of a Parent
Both a springing and durable power of attorney are strong planning tools which, in most cases, eliminate the need for a guardianship appointment – and going to court. Proper planning can help you avoid seeking guardianship of a parent in the event of future incapacitation.
Estate Planning Basics
Estate planning includes planning for scenarios that may or may not occur and having advanced directives in place. Here are the different types of documents that may be used in a basic estate plan.
What types of assets go through probate?
As you know, probate – or “estate administration,” as it is called in North Carolina – is the process for legally transferring a deceased person’s property and assets to their...
How could a special needs trust help my disabled loved one?
Social Security Disability, Medicaid, and many other government programs consider a person’s income and assets when determining eligibility. Their rules allow the person to receive benefits from a special needs trust without changing the individual’s eligibility.
How should you go about setting up a pet trust?
If you fail to provide for your pet via an estate plan, your pet may face an uncertain future.
When is a good time to update my estate plan?
Forbes examines a few different situations in which updating your estate plan may be necessary. For example, financial changes are among the most common reasons; if you come into a lot of money or lose a sum of money; and moving to a new state.
How can I transfer family property in my estate plan?
Establishing an LLC will allow you to set up the operating rules. You can make the rules about usage, maintenance, and costs. You also can add a stipulation that prohibits the sale of the property to anyone outside the family.
Does Medicare pay for assisted living?
It is true that Medicaid will help people who are below a certain income threshold with assisted living. However, there is a very strict look back period for Medicaid to ensure that individuals do not divest themselves of all their assets and then apply for Medicaid.