Elder Law & Estate Planning
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28
02, 2020
A digital representation of a cryptocurrency network, highlighting the importance of including cryptocurrency in estate planning and elder law to ensure secure transfer and management of digital assets.

How to Include Cryptocurrency in an Estate Plan

February 28, 2020
The growing popularity of cryptocurrency means it is increasingly something that must be considered when planning an estate. If you own cryptocurrency, providing instructions in your will is a must. Cryptocurrency is virtual money that exists only in digital form.…
21
02, 2020
A thoughtful parent signing estate planning documents to address gifts and loans given to their children, aiming to prevent potential conflicts among heirs.

Accounting for Gifts and Loans to Children in Your Estate Plan

February 21, 2020
No parents want their children to fight among themselves after they are gone. Sadly, conflicts often arise, especially when a parent has gifted or loaned money to one child and not others. However, a few key words in your estate…
14
02, 2020
Locked cash box representing financial security and challenges related to power of attorney in estate planning.

Bank Pays Price for Refusing to Honor Request Made Under a Power of Attorney

February 14, 2020
A durable power of attorney (POA) allows the person creating the POA, called the "principal," to name a trusted agent who can act on his behalf in almost any situation. But because of the risk of abuse, many banks will…
07
02, 2020
Unmarried couple sitting together at a table reviewing estate planning documents, emphasizing the importance of legal planning for decision-making and asset inheritance.

Estate Planning Is Essential for Unmarried Couples

February 7, 2020
While estate planning is important for married couples, it is arguably even more necessary for couples that live together without getting married. Without an estate plan, unmarried couples won’t be able to make end-of-life decisions or inherit from each other.…
31
01, 2020
Financial advisor reviewing estate plans with a couple, highlighting changes to IRAs and retirement plans due to the SECURE Act.

If Your Estate Plan Includes IRAs, a New Law Means It Is Time to Reevaluate

January 31, 2020
Both workers and retirees may need to rethink some of their estate planning in light of the newest spending bill. The Setting Every Community Up for Retirement Enhancement (SECURE) Act, part of the massive bill, makes major changes to retirement plan…
28
01, 2020
An individual signing important documents, emphasizing the significance of updating beneficiary designations in estate planning and elder law.

Make Sure Your Plan Beneficiary Choices Are Up to Date

January 28, 2020
Many people periodically update their wills or other estate plans, but don't update who will receive distributions from their retirement plans (such as IRAs and 401(k)s) upon their deaths. Every year you should review your entire estate plan, and the…
24
01, 2020
A family discussing estate planning with a legal advisor, focusing on differences between living trusts and irrevocable trusts, to understand their respective benefits for asset protection and tax savings.

Understanding the Differences Between a Living Trust and an Irrevocable Trust

January 24, 2020
Trusts can be useful tools to protect your assets, save on estate taxes, or set aside money for a family member. But before you commit to adding a trust to your estate plan, make sure you understand the differences between…
17
01, 2020
A thoughtful individual reviewing estate planning documents, highlighting the importance of selecting the right fiduciary to manage personal affairs impartially.

Do You Have the Right Fiduciary?

January 17, 2020
A fiduciary is a fancy legal term for the person who will take care of your property for you if you are unable to do it yourself, such as the executor of an estate, the trustee of a trust, or…
10
01, 2020
A diverse family gathered around a table, symbolizing the importance of estate planning and durable power of attorney in managing financial affairs and protecting loved ones.

The Durable Power of Attorney

January 10, 2020
For most people, the durable power of attorney is the most important estate planning instrument available -- even more useful than a will. A power of attorney allows a person you appoint -- your "attorney-in-fact" or “agent” -- to act…
10
01, 2020
An elderly couple reviewing estate planning documents with a financial advisor, highlighting the importance of revocable trusts in managing and protecting assets.

Understanding Revocable Trusts

January 10, 2020
Revocable trusts are an effective way to avoid probate and provide for asset management in the event of incapacity. In addition, revocable trusts--sometimes called “living” trusts--are incredibly flexible and can achieve many other goals, including tax, long-term care, and asset-protection planning.…

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