Life Insurance and Estate Planning

Life insurance can be such an important tool in estate planning. It can help with taxes, fees and have a peace of mind. There are some misconceptions about life insurance, that all you have to do is to ensure the proceeds of the insurance will be available to the beneficiaries. There’s no sure thing that your beneficiaries (family such as spouse or children) will get the proceeds of the life insurance. Let’s look at Read More

Things Your Lawyer Will Not Tell You

Estate planning is often one of the most important things an adult does in his or her life. The plans that you make can protect your family after you have passed away and often those plans affect your family for years following your death. Even though estate planning is important and more commonly discussed than ever, a large percentage of adults do not create wills, leaving their potential heirs to fend for Read More

Beware of These Probate Traps

Probate is the legal process that occurs after an individual has passed away. During this period of time, the person administering an estate, often called the executor, proves that the will of the deceased is valid and manages the estate’s assets. In addition to settling debts, verifying assets, and determining who the heirs to the estate are, the executor is responsible for officially notifying creditors and Read More

The Shocking Truth about Your Estate Plan

The growth and popularity of the Internet have led to multiple online resources that promise to simplify estate planning. Adults hoping to save money will use these websites, e-books, and software programs to create their own estate plan. While these plans may seem ironclad and as good as the work done by a professional attorney, the shocking truth about your estate plan is that it may fail when your family needs it Read More

Smart Ways of Working with a Law Firm

Get Insights to get Work Efficiently with Your Lawyer Hiring an attorney for Estate Planning, Probate and Elder Law for your legal matter(s), you want to maximize the best possible value and get things done as quickly as possible. Let us go over some ways to have the most useful, value-oriented and meaningful experience with a law firm. Know that there’s team involved and you will be working with them. Aside from Read More

The Great Probate Hoax

One of the most stressful events in life is the loss of someone close to you. During the process of grieving, the average person is extremely vulnerable as he or she learns to cope with being deprived of a loved one. With proper support, a person is able to navigate the stages of grief, but unfortunately, there are people who take advantage of the grieving by targeting those who have recently lost a friend or family Read More

Nine Lies the IRS Likes to Tell

Dealing with the Internal Revenue Service (IRS) is something that no adult enjoys. Each year adults who have earned taxable income must file a tax return that accounts for the money withheld from their income throughout the year and proves what tax credits they are eligible to receive. Additionally, a person who owns a business of any size must provide detailed information about inventory, cash earned, losses Read More

Will Your Retirement Account be Seized by Creditors?

Dealing with debt is something that most adults are familiar with. The average person in the United States is one unexpected event away from a financial disaster, meaning that the majority of adults have dealt with creditors at one point or another. Once an adult retires, he or she expects to spend the remainder of life enjoying time with friends and family members, but it is not unusual for a retired adult to Read More

Can You Really Trust Your Tax Preparer?

In every profession, there are people who are ultimately not as trustworthy as they initially appear. For every person who takes his or her profession seriously, there are the individuals who are only interested in taking advantage of the clients who come to them in confidence. While every professional service we utilize comes with unique risks, there is nothing quite as damaging as consulting a less than scrupulous Read More

Incapacity Planning Will Need 5 Essential Legal Documents

Creating an estate plan can be more than saving money on taxes, avoiding probate and leaving a legacy after your death. This includes putting a plan in place that will manage your affairs if you become incapacitated because of not having the ability to make decisions for yourself. What happens without an incapacity plan? This process can be very stressful because your family would have to go to court and will be Read More