The supplemental needs trust also allows you to choose a trusted adult or trust company to care for and assist your loved one. This can provide a considerable amount of peace of mind. This is also a good time to make sure that your loved one has the right advocates in place to help with other kinds of decisions as well—from health care to living arrangements.
Category: Estate Planning and Administration
Sharing Your Wishes: The Importance of Creating an Advance Directive
An end-of-life directive, also known as a living will, is a legal document that allows you to state the extent to which you want, or do not want, life-sustaining treatment in the event that you are in an irreversible coma or other permanent vegetative state.
Trusts may create an easy path for heirs
Understanding how trusts operate may help you decide which type works best for you. There are many types of trusts but you choose the best type for your assets and how it will benefit your heirs in the future.
What are advance directives and why should you have them?
What are advance directives and why should you have them? Plan for the unexpected while you’re young.
Avoid these 3 estate planning mistakes
Creating an estate plan is an essential step to ensuring someone’s assets will be handled according to their wishes. However, while setting out to create an estate plan is a good...
Major Upcoming Changes for IRAs
The most comprehensive changes to private retirement plans in more than a decade are gaining momentum in Congress (2019).
Should I write my own will?
Even a relatively simple estate plan will need to be structured in a certain way to ensure it is legally binding, which is why there is no substitute for consulting legal counsel.
How will probate effect my estate?
The process of settling a person's will after their death is called probate. Probate is usually handled in court and can be complicated, time consuming and expensive....
A well-rounded estate plan can include some basic documents
We can explain the necessity of each of the different documents (Will, Living Will, and Power of Attorney) and how each may benefit your heirs.
How can you include charitable giving in your estate plan?
Many people feel a great sense of satisfaction in charitable giving. After all, many people have causes they feel passionately about and want to support. One way that people can...