It’s Imperative To Keep Your Estate Plan Updated

We’ve been over how everyone needs an estate plan, regardless of whether you’re young or old. It’s a necessary tool to protect and preserve your hard work for your loved ones when you’re gone. Unfortunately, one of the biggest mistakes people make in estate planning is to “set it and forget it.” Clients look at estate planning as a product instead of a process. Setting up an estate plan is an important first step, Read More

People with Dementia Are Capable Contributors

June is Alzheimer’s and Brain Awareness Month. At Elder Advisors Law, we want to help move our community forward with important information and resources for people dealing with a form of dementia and their families. Worldwide, more than 55 million people are currently living with a form of dementia, according to the Alzheimer’s Association. Statistics show one out of three people will deal with some form of dementia Read More

Don’t Pick an Attorney Before Reading This

Entering into any legal situation can bring a mountain of unwanted stress into your life. It’s scary to face police, court, prosecution, or litigation when there are twists waiting around every corner for you. The right attorney, however, can make all the difference and take some of the stress off your shoulders. The problem with this equation is that so many people don’t know what to look for when hiring an Read More

You Need An Estate Plan

No one knows what the future holds. The value of an estate plan is that you can rest peacefully today, knowing that you have a plan that accommodates the uncertainty of tomorrow. When people say that they don’t have enough assets to warrant an estate plan, they underestimate the potential complications that result from a lack of planning. If something were to happen to you, would your loved ones be able to access Read More

You’re Young…But You Still Need An Estate Plan

Many people consider estate planning to be a tool reserved for the rich or the elderly. That belief is only partially true . . . anyone who has “stuff” they want to protect or people they want to provide for needs estate planning! Proper estate planning can deliver peace of mind and asset protection regardless of your income or your age.  For young adults and families, there are several reasons why creating an estate Read More

Benefits Of Choosing A Revocable Trust

There are numerous options when creating your Estate Plan.  One of the most popular options is to use a revocable trust.  The main reason why revocable trusts are so popular is that, when they are done properly, they will eliminate the need for your family to go through the probate process after you have passed away. This reduces the stress, costs and time to transfer assets to your loved ones. Another benefit to a Read More

Your Guide For Year-End Tax Donations

Because it is the end of the year, addressing the multi-sided benefits of charitable contributions is appropriate. There are several reasons why these are so common during the holidays. Generally, people’s mindsets shift towards giving and doing right by others.  There is also a financial incentive. Because it is the end of the calendar year, charitable donations also allow people to save on taxes. Those who fall Read More

A Skilled Attorney’s Way Of Preparing For The Future

Estate planning is preparing now for the future. The old adage that there are only two things certain in life, death and taxes, is still true. But in our modern society, it is also true that nothing ever stays the same.  Laws change, families change, health changes, finances change! So how do we plan for the future now? While the future may be uncertain, an estate planning attorney is trained to help guide you Read More

Family Businesses & Succession Plans

One of the biggest reasons people plan is to avoid potential pitfalls and issues. Even the smallest estate is more complex than most realize. When you sit down with your attorney to create the plan that fits your requirements, not only will you identify the problems before they occur, but you will also prevent them. A family business can be challenging to incorporate into an estate plan, but it can be done by an Read More

National Special Needs Law Month

Because it is Special Needs Law Month, we thought we would take a moment to share some unique planning considerations to take into account.  Children with special needs usually have exceptional parents who build their lives around providing for and caring for their kids.  Because these children grow up and still need to be supported, parents continue to answer the call. Sadly, there will come a time when the parents Read More