Whether you are creating your first estate plan or reviewing an existing plan it is important to make sure your plan is a comprehensive one. To get the most out of your estate plan, it should focus on more than just the distribution of assets after you are gone. To help ensure that your estate plan accomplishes everything that it can, an estate planning attorney at Legacy Care Law Firm explains five areas people frequently overlook in their estate plans. Contact an Estate Planning … [Read more...] about 5 Areas People Frequently Overlook in Their Estate Plans
Are These Components Missing in Your Estate Plan?
Hopefully, you already have an estate plan in place. If so, you still need to make sure that your plan is complete and comprehensive in nature. An incomplete estate plan or one that fails to address all your goals will inevitably fail. With that in mind, the estate planning attorneys at Legacy Care Law Firm urge you to make sure the following components are not missing from your estate plan. Incapacity Planning People frequently overlook the need for incapacity planning when they go the … [Read more...] about Are These Components Missing in Your Estate Plan?
Understanding What Happens When You Die
Most people have a vague understanding of the importance of estate planning; however, there are also several myths and misconceptions surrounding the reason for having an estate plan in place. Specifically, people often have the wrong ideas about what happens after they are gone. To help make sure you do not fall victim to any of these mistaken ideas, a Beverly estate planning attorney at Legacy Care Law Firm explains how to make changes to a Last Will and Testament. Contact Estate Planning … [Read more...] about Understanding What Happens When You Die
Do We Need an Estate Plan If We Do Not Plan to Have Children?
Estate planning discussions often focus on couples with children who wish to decide how and when to pass down an inheritance to future generations. Unfortunately, that frequently causes couples without children to believe that estate planning is not equally important for them. To correct this common misconception, a Beverly estate planning attorney at Legacy Care Law Firm discusses estate planning for couples who do not plan to have children. Childlessness in America Data published from … [Read more...] about Do We Need an Estate Plan If We Do Not Plan to Have Children?
Am I Entitled to Social Security Based on My Spouse?
For many retirees, Social Security retirement benefits play a significant role in financing their retirement years. If you recently lost a spouse, finances may be especially tight for you, leaving you to wonder whether you are entitled to any assistance based on your deceased spouse’s Social Security benefits. With that in mind, the Beverly estate planning attorneys at Legacy Care Law Firm discuss your eligibility for Social Security benefits based on your spouse’s work record. Social … [Read more...] about Am I Entitled to Social Security Based on My Spouse?
Make Reviewing Your Estate Plan Your New Year’s Resolution
Creating a well-thought-out and comprehensive estate plan is one of the most valuable gifts you can give to yourself and to your loved ones. A successful estate plan can do so much more than just dictate how your assets will be distributed when you are gone. It can also do things such as plan for the possibility of incapacity, protect your assets, and provide for minor children if something happens to you. For your estate plan to work as you want it to, it needs to be updated from time to time … [Read more...] about Make Reviewing Your Estate Plan Your New Year’s Resolution
Common Mistakes in Estate Planning – Part III
Those who take the time to create an Estate Plan usually desire to keep it private and to ensure that no beneficiary can alter the plan after their death. Sometimes, the desire to maintain privacy backfires and produces unanticipated consequences, such as litigation. Read on to learn more. … [Read more...] about Common Mistakes in Estate Planning – Part III
Common Mistakes in Estate Planning – IV
With the proliferation of the internet has come a plethora of websites claiming that individuals may take a “Do It Yourself” approach to Estate Planning. While individuals may think that a plan created by one of these companies will meet their needs and save them money, the opposite is true. These plans often fail to contain necessary provisions and usually cost the family more in attorneys’ fees. In addition, a Trusts and Estate practitioner can alert a family to techniques designed to lower … [Read more...] about Common Mistakes in Estate Planning – IV
15 Things to Do Following the Death of a Loved One
When a loved one passes away, the immediate time period that follows is often filled with heightened emotions, including shock, grief, and denial. It can be extremely difficult to think about the practical things that need to be taken care of while dealing with such strong emotions. With that in mind, the Beverly estate planning attorneys at Legacy Care Law Firm offer a practical guide that includes 15 things you likely need to do following the death of a loved one. Contact Beverly Estate … [Read more...] about 15 Things to Do Following the Death of a Loved One
How Estate Planning Can Protect Unmarried Couples
Not all that long ago, an unmarried man and woman living together were thought of as “living in sin.” They were routinely shunned by family members and ostracized by society. Today, however, the stigma against living together outside of marriage has all but vanished. In fact, more and more couples are not just choosing to cohabitate prior to marriage, but many are foregoing legal marriage altogether. With that in mind, the Beverly estate planning attorneys at Legacy Care Law Firm discuss … [Read more...] about How Estate Planning Can Protect Unmarried Couples
