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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
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Estate planning for farmers is different than it is for other people, since the focus must be on who will inherit the farm. When farmers get older, they start worrying about what will happen to the farm, after they pass away. Many would like to keep the farm in the... Continue reading
Posted Apr 4, 2018 at Profit Law Firm
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It is not easy losing a spouse. However, widows and widowers do not have to let dealing with financial issues overwhelm them. When people anticipate that their spouse will pass away, they often have a very difficult time handling everything afterwards. The grief that comes with the loss can make... Continue reading
Posted Apr 3, 2018 at Profit Law Firm
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As far as anyone knows, there are not any clones of humans walking around yet. However, it might soon be possible. That could have some interesting effects on estate planning. The idea of cloning humans has been a science fiction staple for a long time. The original premise was that... Continue reading
Posted Apr 2, 2018 at Profit Law Firm
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Without thinking about it too much, many people designate one of their children to be the executor of their estate. They should think about it carefully, before doing so. The executor of your estate should be someone you trust to handle your estate just as you want it handled. You... Continue reading
Posted Mar 30, 2018 at Profit Law Firm
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Harper Lee valued her privacy while she was alive. Her will suggests that she also values it in death. After writing To Kill a Mockingbird, Harper Lee mostly kept out of the public eye. She did not release another book for decades and made very few appearances. She died in... Continue reading
Posted Mar 29, 2018 at Profit Law Firm
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In most cases, real estate has to go through the probate process after the owner passes away. That can be avoided. There is a good way and a bad way to do so. Many Americans could avoid having their estates go through probate, if they did not own their homes.... Continue reading
Posted Mar 28, 2018 at Profit Law Firm
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Deciding who should inherit your retirement account is an important part of estate planning. You have several options that are available. When many people pass away, they will still have a lot of money in their individual retirement accounts for a beneficiary to inherit. It is important to decide who... Continue reading
Posted Mar 27, 2018 at Profit Law Firm
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Many legal documents can now be digitally created, signed and stored. Wills could be next. However, there are some things that will need to be worked out. The basics of executing a proper will have not changed very much over time. To be certain that a will is valid, it... Continue reading
Posted Mar 26, 2018 at Profit Law Firm
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Federal law enforcement officials have announced actions against hundreds of scammers accused of defrauding the elderly. One of the worst aspects of elder fraud is that it often seems like there is very little that can be done about the fraud. After a scammer has taken advantage of an elderly... Continue reading
Posted Mar 23, 2018 at Profit Law Firm
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Americans who need long-term care assistance and cannot pay for it, can get help from Medicaid, if they plan ahead. It seems almost cruel in a way that nursing homes are as expensive as they are. People who have saved well for their retirements and intended to leave something to... Continue reading
Posted Mar 22, 2018 at Profit Law Firm
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Before a Medicare patient can be discharged from the hospital, there must be a plan in place for any needed continual care. Patients and their families should double check some information in that plan. When Medicare patients are ready to leave a hospital after an extended stay, they often are... Continue reading
Posted Mar 21, 2018 at Profit Law Firm
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Contests over wills are increasing in Canada just as in the U.S. Despite there being several ways to successfully contest a will, it is not an easy thing to do. Part of the population in the U.S. has seen continually rising wealth in the last few decades, while other parts... Continue reading
Posted Mar 20, 2018 at Profit Law Firm
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If you do too much reading online about the difference between wills and trusts, then you are likely to think of the two as something that you have one or the other. That is a myth. One of the key concerns for people planning their estates today, is whether they... Continue reading
Posted Mar 19, 2018 at Profit Law Firm