A common misperception about estate planning is the belief that it does not become necessary until you marry and/or become a parent. This simply is not true. The Woburn estate planning attorneys at Legacy Care Law Firm explain why estate planning is every bit as important for you when you are single. Planning for Your Death Is Not the Only Point of an Estate Plan The mistaken belief that estate planning is all about death often causes singles to believe they do not need an estate plan. … [Read more...] about Estate Planning for Singles
If You Are a Parent Estate Planning Is Essential
If you are a parent of young children, you undoubtedly want to protect and provide for your children in your estate plan. Doing so requires careful planning and a well thought out and constructed estate plan. To help you get started, Nashua estate planning attorneys at Legacy Care Law Firm discuss estate planning concerns for parents with young children. Why Is Estate Planning for Parents with Young Children Necessary? As a parent you will undoubtedly focus much of your energy and efforts … [Read more...] about If You Are a Parent Estate Planning Is Essential
Updating Your Plan: Powers of Attorney
As we approach the end of the year, it’s a good time to think about updating your plan. This includes your entire plan, including Powers of Attorney. Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. It’s important to consider whether you need to update either of these powers. Read on to learn more. … [Read more...] about Updating Your Plan: Powers of Attorney
Tax Planning for 2021
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2021 is just starting, it’s not too early to think about planning for whatever it may bring your way. … [Read more...] about Tax Planning for 2021
Do You Qualify for Medicaid in New Hampshire?
Like many seniors, you may find yourself faced with the need to qualify for Medicaid for the first time in your life. Having never before needed to rely on Medicaid, you may know very little about the program. To get you started, a Nashua Medicaid planning attorneys at Legacy Care Law Firm explains five things you need to know before applying for Medicaid. The need to qualify for Medicaid as a senior can put your retirement nest egg at risk if you failed to plan ahead. To prevent that … [Read more...] about Do You Qualify for Medicaid in New Hampshire?
Estate Planning — 3 Mistakes to Avoid
Taking the time to create an estate plan is one of the most meaningful – and beneficial -- gifts you can give to yourself and to the people you love. It is easy to make mistakes when it comes to estate planning though – and a mistake could cost you, or your loved ones, a considerable amount of time, money, and grief. The Nashua estate planning attorneys at Legacy Care Law Firm discuss three of the most common estate planning mistakes you should try to avoid making. Believing you Do Not Need a … [Read more...] about Estate Planning — 3 Mistakes to Avoid
If I Am the Beneficiary of a Trust Can I Get the Trustee Replaced?
As the beneficiary of a trust, you are dependent on the Trustee of the trust to manage the trust assets well and to administer the trust according to the terms created by the Settlor of the trust. What happens if you feel the Trustee is not doing his/her job properly? As a beneficiary, do you have the ability to get the Trustee replaced? The Nashua trust administration attorneys at Legacy Care Law Firm explain the power of a beneficiary if a problem arises with the … [Read more...] about If I Am the Beneficiary of a Trust Can I Get the Trustee Replaced?
What the 2020 Election Could Mean for Your Estate Plan
The November elections are over. What was the outcome of the election? What changes could come about as a result? What do those possible changes mean for your estate plan? Read on to learn more. … [Read more...] about What the 2020 Election Could Mean for Your Estate Plan
A Time for Thanks and Community
Thanksgiving and the holidays is a time for giving thanks and for appreciating your family and friends. In particular, it can be a good time to thank those people whom you’ve asked to serve in important roles in your estate plan. Thank your agents under your powers of attorney and your successor trustees. Read on to learn more. … [Read more...] about A Time for Thanks and Community
Fair Isn’t Always Equal and Vice Versa
When you’re deciding how your assets should be divided at death, sometimes dividing them equally is the appropriate choice. But, sometimes it’s not. Fair isn’t always equal or vice versa. Read on to learn more, including how to avoid a challenge if you choose an unequal division among your children. … [Read more...] about Fair Isn’t Always Equal and Vice Versa
