When your child turns 18 (in most states), it might be hard to imagine that young child who once needed you for everything has now become an adult. Now your child is free to vote, marry, apply for a credit…
A third-party special needs trust, also known as a supplemental needs trust, is a legal tool for those parents of children with disabilities and the elderly. This type of trust will receive assets from you or another benefactor expressly for…
Whether you have a dog, cat, horse, or bird, it is possible to provide for your pet after you are gone or no longer able to tend to their needs. A pet trust is a legal arrangement that will specify…
As a legally binding directive, a will states who will receive your property upon your death and is a vital part of a comprehensive estate plan. If you die without one (intestate), the state will distribute your assets and property…
When deciding how to leave property to your children, the simplest option is to divide everything into equal shares. At least, that is the straightforward choice when all your children are doing equally well. But if not – if, for…
The most valuable asset your child has is you and your ability to care for them. You, like no other, fully understand the nuances of your child’s coping mechanisms and what can trigger adverse outcomes. A letter of intent is…
The coronavirus pandemic pushes each individual to evaluate their values, priorities, and overall health. Hope for the best, but be prepared for the worst. If you have a medical directive, it is imperative to review it and make additions in…
You may be asked to be power of attorney for a family member or friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated,…
Most parents choose to treat their children equally when it comes to inheriting property or money. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be…
When the onset of dementia begins to diminish brain function, it can lead to the destruction of your financial well-being. If you are age 50 or older, easy access to your financial assets like stocks and bonds, checking and savings…