As loved ones and parents age, they become more vulnerable to fraudulent schemes. This article explores how a solid estate plan can help protect the elderly from becoming victims. Read on to learn more. … [Read more...] about How Estate Planning Documents Help Prevent Elder Abuse
Charitable Planning in Times of Crisis
During times of uncertainty, we tend to feel helpless. This article explores how charitable giving gives us a sense of purpose in trying times. Read on to learn more. … [Read more...] about Charitable Planning in Times of Crisis
The Kiddie Tax is No Child’s Game
If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated. The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate. Read on to learn more. … [Read more...] about The Kiddie Tax is No Child’s Game
Elder Sexual Abuse – The Unspoken Reality
As the population of older Americans continue to increase with leaps and bounds, issues that affect the elderly have also taken center stage in the U.S. Sadly, one of those issues is elder abuse. Elder abuse is certainly not a new phenomenon; however, a larger elderly population coupled with increased awareness has brought the issue of elder abuse to the forefront of the American consciousness. When most people think of elder abuse, they tend to focus on the threat of physical abuse or emotional … [Read more...] about Elder Sexual Abuse – The Unspoken Reality
The Other Side of the Unauthorized Practice of Law
What happens when an individual who is not licensed to practice law provides advice to an individual – does the quality of the advice matter if the individual is unlicensed? This article explores the unauthorized practice of law and how it damages the legal profession. Read on to learn more. … [Read more...] about The Other Side of the Unauthorized Practice of Law
Estate Planning Reduces Stress During High Anxiety Times
During times of high stress such as tragedy or emergency, we tend to feel helpless. This article explores how a comprehensive estate plan helps reduce anxiety in uncertain times. Read on to learn more. … [Read more...] about Estate Planning Reduces Stress During High Anxiety Times
Changing “Irrevocable” Trusts Through Use of a Trust Protector
Advisors often include irrevocable trusts as part of a comprehensive estate plan to achieve both tax and non-tax goals. The use of irrevocable trusts can cause apprehension because of the perception that irrevocable trusts are inflexible in changing circumstances. This article explores how the use of a trust protector may provide flexibility in an irrevocable trust to address these concerns. Read on to learn more. … [Read more...] about Changing “Irrevocable” Trusts Through Use of a Trust Protector
Updating An Estate Plan Is As Important As Creating One
A comprehensive estate plan can accomplish numerous important goals. Along with ensuring that your assets are distributed according to your wishes after your death, your plan can also help you achieve a wide range of additional, related goals. For you to achieve the maximum benefit from your estate plan, however, it must be reviewed and revised on a regular basis. To help you better understand the importance of this, a Beverly estate planning attorney at Legacy Care Law Firm discusses what can … [Read more...] about Updating An Estate Plan Is As Important As Creating One
Why Would I Create an Intentionally Defective Trust?
If your estate consists of significant assets, one of your primary considerations within your estate plan should be the impact federal gift and estate taxes will have on your estate after you are gone. One estate planning tool you may decide to use is an Intentionally Defective Grantor Trusts (“IDGT”). The North Andover trust attorneys at Legacy Care Law Firm explain why you might want to create an Intentionally Defective Grantor Trust. Intentionally Defective Grantor Trust Basics An IDGT … [Read more...] about Why Would I Create an Intentionally Defective Trust?
Dangers of Do-It-Yourself Estate Planning
Occasionally, those who are not Estate Planning attorneys will attempt to do their own Estate Planning. Perhaps they’ll go online and get a document to use. Unfortunately, Estate Planning is about far more than a cookie-cutter document. Read on to learn more. … [Read more...] about Dangers of Do-It-Yourself Estate Planning
