Senators Sanders and Whitehouse have introduced legislation in the Senate which would significantly alter the Estate Planning landscape. It would dramatically change the tools we use to plan for our clients. Time is of the essence. Read on to learn more. … [Read more...] about Tax Proposals Could Alter Estate Planning Landscape
The Role of the Estate Planning Attorney
Clients often come to an Estate Planning attorney with specific ideas in their minds. The attorney’s role is to counsel them regarding their plan, not just to draw up documents to accomplish it. Read on to learn more. … [Read more...] about The Role of the Estate Planning Attorney
4 Important Fiduciary Roles in Your Estate Plan
Creating a comprehensive estate plan requires you to make numerous important decisions. Although many of those decisions are directly related to the distribution of your estate assets after you are gone, not all of them are. In fact, some of the most influential decisions you will make within your estate plan are often the ones people spend very little time making. These are decisions related to fiduciary roles within your plan. Choosing people for the fiduciary roles within your estate plan … [Read more...] about 4 Important Fiduciary Roles in Your Estate Plan
How Can I Help My Executor?
For most people, a Last Will and Testament serves as the foundation of their estate plan. When you create your Will, one of the most important decisions you will need to make is deciding who to appoint as the Executor of your estate. In addition to deciding who to appoint, the Beverly estate planning attorneys at Legacy Care Law Firm offer some tips for making your Executor’s job easier. Probate Basics and the Role of Executor Over the course of a lifetime, almost everyone acquires assets … [Read more...] about How Can I Help My Executor?
How Can I Include Philanthropy in My Estate Plan?
For many people, philanthropy is an important part of their everyday life. If you are one of those people, your charity does not have to end when you are gone. On the contrary, with careful planning, your charitable gifting can continue long past the time of your death. The North Andover estate planning attorneys at Legacy Care Law Firm explaoin how you can include philanthropy in your estate plan. The Joy of Giving Are you someone for whom philanthropy truly is a way of life? … [Read more...] about How Can I Include Philanthropy in My Estate Plan?
Top 5 VA Benefits
The men and women who have served in the Armed Forces, along with their families, are owed a debt of gratitude that can never truly be repaid. Each and every one of them has sacrificed so that all Americans can enjoy the freedom and safety that comes with living in the United States. Although it may be impossible to ever truly repay a veteran for his/her service, the U.S. government does offer a number of benefits to veterans and their dependents. Many eligible veterans, however, are unaware of … [Read more...] about Top 5 VA Benefits
5 Things You Should Know about Medicaid
Many people make it through their entire working years without ever needing to rely on Medicaid to cover healthcare expenses, only to find that they must turn to Medicaid as a senior. If you are among them, you may mistakenly believe some of the myths and misconceptions about the program. To help clear those up, the Salem Medicaid planning attorneys at Legacy Care Law Firm debunk five of the most common Medicaid myths. Contact Salem Medicaid Planning Attorneys If you have additional … [Read more...] about 5 Things You Should Know about Medicaid
Beneficiary Designations and the SECURE Act: Eligible Designated Beneficiaries
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article focuses on beneficiaries who don’t fall under the standard 10-year payout of the SECURE Act. Read on to learn more. … [Read more...] about Beneficiary Designations and the SECURE Act: Eligible Designated Beneficiaries
Fewer People Have an Estate Plan in Place Than in Years Past
Unfortunately, a recent Caring.com study shows that even fewer people are engaging in estate planning than were a few short years ago. The Salem estate planning attorneys at Legacy Care Law Firm explain the findings and conclusions of the 2020 estate planning survey. The Caring.Com Study Caring.com partnered with YouGov to conduct a survey of 2,400 Americans to determine who is engaging in estate planning, and why or why not. Since 2015, Caring.com has been conducting similar surveys. The … [Read more...] about Fewer People Have an Estate Plan in Place Than in Years Past
Biden Administration Could Reduce Estate Tax Exclusion
Runoff Elections in Georgia resulted in a Senate controlled by Democrats. Could this impact your Estate Planning? It’s possible. Read on to learn more. … [Read more...] about Biden Administration Could Reduce Estate Tax Exclusion
