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Profit Law Firm
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When a loved one passes away, it is a good idea to get the assistance of an estate attorney, if for no other reason than to deal with all of the paperwork. The government has many things it is very particular about. However, you are not likely to notice one... Continue reading
Posted Jul 13, 2018 at Profit Law Firm
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The recently passed federal tax overhaul limits deductions for state and local taxes to $10,000. It has not been popular with those affected. Estate planning attorneys might have found a way around it. The new tax laws that were passed in December of 2017 have been controversial. Some people are... Continue reading
Posted Jul 12, 2018 at Profit Law Firm
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Staying both mentally and physically active has positive health benefits for elderly people. However, many have forgotten how to do that in enjoyable ways. If you go to any park or recreational center, you are likely to see a lot of young people enjoying themselves. Kids know how to play.... Continue reading
Posted Jul 11, 2018 at Profit Law Firm
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People who are opposed to the Social Security system claim that it is about to go broke and disappear soon. That is not true. Social Security opponents and opponents of government spending in general, like to make the claim that Social Security is going to go broke or bankrupt. They... Continue reading
Posted Jul 10, 2018 at Profit Law Firm
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Two recent celebrity deaths highlight a potential issue in estate planning. What happens when a couple does not get divorced but separates amicably? The recent deaths of fashion designer Kate Spade and celebrity chef Anthony Bourdain have elicited an outpouring of grief. They both committed suicide, which came as a... Continue reading
Posted Jul 9, 2018 at Profit Law Firm
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After creating a trust, you need to fund it. That does not have to be a difficult process. One of the many problems of “discount” trusts, either from a trust service or an online document service, is that they never get around to funding the trust. When the settlor passes... Continue reading
Posted Jun 29, 2018 at Profit Law Firm
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The Michael Jackson estate has seen so much litigation that it should probably get bulk discounts for court and lawyer's fees. The latest litigation has the estate suing the Walt Disney Company. There might never have been a more contentious estate than that of Michael Jackson. Every few months, just... Continue reading
Posted Jun 25, 2018 at Profit Law Firm
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It is important that you talk to your children about what you want to happen, if you ever become terminally ill and what you want to happen, after you pass away Most parents dread the thought their children might become ill and pass away before the parents. No matter how... Continue reading
Posted Jun 18, 2018 at Profit Law Firm
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Why You Need an Estate Planning Attorney You might think that you do not need professional assistance for your estate plan because you know who you want to get what. There is more to estate planning than that. It is actually easy to create an estate plan for yourself. You... Continue reading
Posted Jun 16, 2018 at Profit Law Firm
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One of the ways that you can leave a good legacy behind, is to provide money to charity in your estate plan. Your worth is likely more than the sum total of your assets. You have worth that does not have any direct monetary value. Your capacity to like and... Continue reading
Posted Jun 15, 2018 at Profit Law Firm
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It is important to include your digital assets in your estate plan. However, you need to know what they are. In the last few years, digital assets have received considerable attention in estate planning. There have been lawsuits filed over access to them, after someone passes away. There have also... Continue reading
Posted Jun 14, 2018 at Profit Law Firm
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One of the simplest things that you can do to help prevent your estate from facing difficulties, is to make the right choice about who your executor should be. People who get wills, normally put a lot of thought into how they would like their property to be distributed after... Continue reading
Posted Jun 13, 2018 at Profit Law Firm
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If you think that you do not need an estate plan because you do not have very many assets, then you do not understand that estate planning is not just about your property. There are millions of Americans who do not have very many assets that need to be distributed... Continue reading
Posted Jun 12, 2018 at Profit Law Firm
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If you know that your family is likely to fight over your estate, you can limit the fight greatly, by using a trust instead of a will. Many family fights over estates are predictable. People know when their family members do not get along and are likely to fight over... Continue reading
Posted May 4, 2018 at Profit Law Firm
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Adding a child as the joint tenant of your home to avoid probate is always a very bad idea. Some bad ideas in estate planning never seem to go away. No matter how many times estate planning attorneys try to tell people that the ideas are bad, people continue to... Continue reading
Posted May 3, 2018 at Profit Law Firm
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If you have a health care power of attorney and living will, you should make sure that someone you trust knows where to find them. It is very easy to get advanced medical directives today. You can often get living wills and health care powers of attorney as part of... Continue reading
Posted May 2, 2018 at Profit Law Firm
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Gaining access to the digital accounts of deceased loved ones is slowly becoming easier. That means that people need to think about what type of access they want to grant as part of their estate planning. Even just a few years ago, it was almost impossible to gain access to... Continue reading
Posted May 1, 2018 at Profit Law Firm
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Estate sales are increasingly popular ways to get rid of unwanted items of personal property from an estate. One Colorado woman recently learned just how eager people can be to get a good deal. Mary Andrews, a resident of Longmont CO, recently had an extremely bad day. She had a... Continue reading
Posted Apr 30, 2018 at Profit Law Firm
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If you do not have a will, you should know that the process of creating one is not difficult in most cases. People who do not have estate plans, often think that the process of getting one can be more difficult than it normally is. It is not difficult to... Continue reading
Posted Apr 23, 2018 at Profit Law Firm
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Sometimes parents and children become estranged and no longer stay in contact. How these children should be handled in the parents' estate plans, depends on the situation and state laws. For whatever reason, parents and their children do not always get along. They no longer talk to each other and... Continue reading
Posted Apr 13, 2018 at Profit Law Firm
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One of the many challenges in fighting elder abuse, is that even when it is discovered, it can be difficult to stop it quickly. Elder abuse can occur in several different ways. However, one of the most pernicious ways is when a person entrusted to help an elderly person, uses... Continue reading
Posted Apr 11, 2018 at Profit Law Firm
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After you retire, you should continue to make plans so that you will be ready in case anything happens. Everyone knows that it takes a lot of planning to retire properly. You must make sure that all of your finances are in order. You also should make sure that you... Continue reading
Posted Apr 10, 2018 at Profit Law Firm
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Don’t think of tax time as the worst time of year but as an opportunity to get a good estate plan. There are two types of people who like tax season. One is accountants and the others are tax attorneys. For everyone else, it is the worst time of the... Continue reading
Posted Apr 9, 2018 at Profit Law Firm
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If Medicaid ends up needing to pay for your nursing home care, the government will seek to take any assets that you have to pay for its costs. You might be able to create a trust to get around that problem. One of the realities of aging in America, is... Continue reading
Posted Apr 6, 2018 at Profit Law Firm
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If you were to survey people about who most needs an estate plan, the most popular answer would likely be incorrect. People think that the wealthy need estate plans the most. However, that is not true. Parents with minor children need them more. Planning for young families is critical to... Continue reading
Posted Apr 5, 2018 at Profit Law Firm