Many individuals want to leave behind money to a loved one that is experiencing a disability or has special needs. However, you will want to ensure you take the proper steps to properly transfer these funds over to your loved one without jeopardizing their government...
Choosing a trustee is a decision that you should not take lightly, as it is one of the most important decisions surrounding your trust planning process. The duties of a trustee can vary and deciding on one can put some pressure on your shoulders, especially if you...
The Setting Every Community Up for Retirement Enhancement Act, or SECURE Act, was made effective in January 2020. Due to the changes presented in this new law, individuals that engage in estate planning should review their beneficiary arrangements on all their...
Many individuals don’t like to think about the circumstances that necessitate estate planning. The process is a needed aspect of life and putting it off or avoiding it altogether could spell disaster for the future of your family. Establishing a proper trust and...
A well-designed wealth transfer plan can help to seamlessly guide the movement of your assets from your estate to your beneficiaries. Your wealth transfer plan is an integral part of getting your finances together, but it is often overlooked. You do not need to be...
Probate is a very common legal proceeding dealing with the assets of a person who has passed away. However, many people don’t know what “probate” actually means. It is the method used by the State to allow the transfer of assets and liabilities to the next generation....
A conservatorship can be useful in situations in which an adult is no longer able to take care of themselves or manage their own finances. In a conservatorship, the conservator is the person who becomes responsible for managing the finances and personal affairs of the...
While the duties of a guardian and a conservator can sometimes overlap, the two roles are vastly different. The complexities of this topic can vary greatly and may depend on individual circumstances. The basic understanding of the two concepts are outlined below....
A conservatorship allows the conservator to have the authority and responsibility to manage a person’s finances or make decisions on their behalf about health care—or even handle both. Conservatorships are helpful when a loved one becomes incapacitated and does not...
If you are considering legal options to protect an individual in your life who cannot take care of themselves on their own or manage their finances, understanding the difference between a trust and conservatorship is crucial. An estate planning attorney can help you...