Revocable Vs Irrevocable Trusts: Key Differences You Need To Know The value of estates and inheritances is rising in the United States. According to Senior Living, American retirees are expected to transfer over $36 million in wealth to beneficiaries over the next three decades. Retirees who anticipate incorporating the formation of one or more […]
How To Handle Business Succession Planning With Your Estate PlanA comprehensive estate plan establishes what will happen to a person’s assets, who will take care of the person’s children, and how other important affairs will be handled when he or she dies or becomes incapacitated. Estate plans are highly personal, so the right plan depends […]
Top 5 Benefits Of A Revocable Trust For Estate PlanningEstate planning is vital for ensuring that your assets are distributed as you wish and that your family is taken care of after you pass away. Most people are aware that they should have a Last Will and Testament, but in some situations, a trust may […]
Estate Planning For SinglesEstate planning for singles can be just as important as for married people. Single people have unique goals, considerations, and challenges for estate planning and protecting their legacies after death. If you are a single person, you may find it necessary to utilize a wide range of estate planning tools to effectively […]
The Pros And Cons Of Using A Beneficiary DeedPeople who own real estate, including their family home, often have a clear idea of how they would like this property to be handled after their death. To ensure that property is passed down according to their wishes, many property holders put in place a comprehensive estate […]
Taking Time Over The Holidays To Discuss Estate PlanningAccording to the Office of Human Resources Management, the United States celebrates 10 federal holidays and, depending on their work schedules, many people are off work during this time. Since several families gather together during the holidays, it can be an ideal time to discuss what happens […]
One Of The Greatest Gifts To Your Family Is Incapacity PlanningAccording to the Family Caregiver Alliance, planning for incapacity ensures that an individual’s loved ones make decisions that align with the incapacitated person’s wishes while also removing the burden of having to make them from family members and friends. This process involves establishing several legal […]
Understanding Durable Power Of AttorneyWhen someone suddenly cannot make important decisions regarding their medical treatment or financial affairs, it can be challenging to know what happens next. However, if that person has assigned a durable power of attorney (DPOA), the DPOA can step in and ensure the right decisions are made. If you are interested […]
Ways To Identify Undue InfluenceUndue influence claims often arise when an individual’s trust, Last Will and Testament (will), or other estate plans are contested by a surviving friend, family member, or other closely connected party. Those who have concerns that undue influence had an impact on a loved one can reach out to a knowledgeable […]
The Cost Of Probate Probate is the legal process that transfers the estate of a deceased person to their heirs. Often, the cost of probate is deducted from the estate. An experienced estate planning and probate lawyer from Fleurinord Law, PLLC can help […]