As the population ages, the number of seniors who cannot safely make financial decisions and/or care for themselves increases. When an adult needs someone to help make personal and/or financial decisions, adult guardianship can be a solution. Adult guardianship, however, gives the guardian considerable control over the ward (the incapacitated adult), opening the door for things to go wrong. The attorneys at Legacy Care Law Firm explain how adult guardianship works in New Hampshire, how it can go … [Read more...] about How Adult Guardianship Can Go Wrong
Meeting the Next Level in Minneapolis
The best Estate Planners stay current on the latest trends. The American Academy of Estate Planning Attorneys held its semi-annual conference providing education and learning for and inspiring excellence in its Members. Read on to learn more about the unique experience at the Spring Summit 2024 conference. Read on to learn more. … [Read more...] about Meeting the Next Level in Minneapolis
Beginners Guide to Trust Administration
Given the flexible and highly beneficial nature of trusts it is common to find a trust agreement in the average person’s estate plan. When a trust is created, the Settlor (creator of the trust) must appoint a Trustee to oversee the administration of the trust. Trust administration is a vital aspect of estate planning that facilitates the transfer of assets to beneficiaries while honoring the wishes of the Settlor. It involves managing, distributing, and overseeing assets held in trust according … [Read more...] about Beginners Guide to Trust Administration
Should I Use a Will or a Trust to Distribute My Estate Assets?
Creating and maintaining an estate plan is one of the most important things you will do for yourself and your loved ones over the course of your life. Having an estate plan in place ensures that your estate assets are distributed according to your wishes after you pass away. There are two common tools that can be used to distribute those assets – a Last Will and Testament and a trust agreement. Both have distinct advantages and disadvantages which should be considered when deciding which to use. … [Read more...] about Should I Use a Will or a Trust to Distribute My Estate Assets?
The Purple Onion…an ode to Tangible Personal Property
More than one estate has boiled down to a fight over tangible personal property. Sometimes even if it lacks monetary value, it holds tremendous emotional significance for the beneficiaries. Maybe they remember Mom wearing a string of fake pearls or the no-name watch that Dad wore with pride. Things become more heated; however, when tangible personal property has value. Passing it on to beneficiaries requires a plan both during life and after death. Read on to learn more. … [Read more...] about The Purple Onion…an ode to Tangible Personal Property
The “Juice” and an Executor’s Duties
Certain individuals have a knack for making headlines. Orenthal James Simpson was one of those people. He first made headlines for his talent on the football field. Later, he made them as an actor and broadcaster. In 1994, he made headlines when he was arrested for the murder of his former wife, Nicole Brown Simpson, and her friend, Ronald Goldman. Orenthal James Simpson died on April 10, 2024, and with his death, his presumed Executor made headlines, perhaps for the last time for the “Juice.” … [Read more...] about The “Juice” and an Executor’s Duties
May Is Military Appreciation Month
Every May, the United States pays tribute to the men and women who serve in its armed forces by observing Military Appreciation Month. This month-long commemoration stands as a testament to the unwavering dedication, sacrifice, and courage exhibited by military personnel past and present. The attorneys at Legacy Care Law Firm encourage you to join them in reflecting on the profound significance of those who don the uniform, safeguarding our freedoms and liberties, during Military Appreciation … [Read more...] about May Is Military Appreciation Month
How to Navigate the Passing of a Loved One: A Practical Guide
Losing a loved one is an experience that shakes the very foundation of our existence. Despite the overwhelming feeling of grief, there are practical matters that require attention. From making funeral arrangements to sorting out legal affairs, there are a myriad of steps to undertake after the passing of a family member or close friend. While these tasks may seem daunting, approaching them systematically can provide a semblance of structure during this difficult time. With that in mind, the … [Read more...] about How to Navigate the Passing of a Loved One: A Practical Guide
What You Need to Know about the Corporate Transparency Act
Estate Planning attorneys need to understand multiple issues ranging from taxes to asset protection to create a comprehensive estate plan. Passage of the Corporate Transparency Act adds yet another layer to the already complex world of Estate Planning. Beginning on January 1, 2024, any company that qualifies as a Reporting Company needs to file a report with the Financial Crimes Enforcement Network (FinCEN) regarding its Beneficial Owners and individuals who helped register the Reporting … [Read more...] about What You Need to Know about the Corporate Transparency Act
Dispelling Medicaid Myths: Separating Fact from Fiction
You might navigate your entire working life without ever leaning on Medicaid for healthcare expenses, only to discover that you need to rely on Medicaid as a senior. If you find yourself turning to Medicaid for assistance paying for the high cost of long-term care, you may also be concerned about many of the misconceptions you have heard about the program. To help you separate fact from fiction, the attorneys at Legacy Care Law Firm dispel many of those Medicaid myths. Common Medicaid Myths … [Read more...] about Dispelling Medicaid Myths: Separating Fact from Fiction
