Carefully planning your inheritance will ensure that your legacy will be passed on to future generations. There are always generational differences of opinion as to how best to live and act in the world. Millennials and Generation Xers seem to have…
Probate litigation can be triggered by many family circumstances. However, there are two fundamental reasons for estate disputes: families disagree about how to deal with a mentally incapacitated member or, after death, disagreements about the dissolution of an estate. High-risk factors that…
If you believe you won't qualify for long-term care benefits under Medicaid's strict income and asset limits, think again. Medicaid waivers for in-home care are available for those who meet health eligibility rules for nursing home facility services. To determine…
The majority of people will need long-term care at some point in their lives, so it's critical to plan ahead. In spite of the inability to predict the timing and level of care, we can take steps to prepare for…
Small business ownership involves a lot of logistical and financial decisions. Having a succession plan prior to retirement, disability, or death is one of the most important decisions. There are five common approaches to transferring ownership of your business, no…
If you were seriously ill or injured and could no longer make your own healthcare decisions, what would you do? It is possible to become incapacitated at any age. Living wills are a component of advance health care directives, which…
Limited liability companies (LLC) fall between partnerships and corporations in their structure. A hybrid legal entity such as an LLC is well known for its financial management benefits, yet LLCs can also serve as a powerful estate planning tool for…
Medical emergencies are stressful enough, but when massive bills arrive despite your insurance coverage, the pain may continue. Imagine, for instance, that you had emergency surgery. In addition to the surgery bill, you received a massive bill from the anesthesiologist…
Some of your heirs, whether minor or adult, may not agree on family matters, especially when it comes to inheriting your estate. It is not uncommon for relationships to change and intensify when a person dies. This is because underlying…
Among older adults, estate planning is considered very significant. The majority of Americans over 55 do not have a will, and fewer still have a living will or a health care directive. Providing the end-of-life wishes you desire is easier…