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The primary reason that everyone needs an estate plan is that if you fail to create a plan, the State will create one for you. The State legislature does not know anything about your family dynamics and the things that you value, so why leave such important decisions to them?
An estate plan allows your loved ones to avoid the expensive, lengthy and emotionally draining probate court process. Without an estate plan, your assets become a matter of public record, which the court could freeze until it appoints a person to handle your affairs.
Court Sides with Father: Texas Man Remains on Life Support Earlier this month, Terry Mace, 43, suffered a heart attack and collapsed at his home in Killeen, Texas. As reported by ABC News, soon after the cardiac arrest he was hospitalized and unresponsive and ultimately placed on life support. ...
Part two of "Do I Need a Living Trust?"
One of the most frequently asked questions by my clients is "do I need a living trust?" In this article I begin to answer that question.
Designating a guardian of your minor child's person and property is a crucial part of the estate planning process.
How Will You Pay for Long-term Care?
Ohio's new Transfer on Death Designation Affidavit, authorized by Ohio Revised Code 5302.22 allows a single individual to avoid probate on their home (and other real estate) without giving up current ownership rights. This new designation is helpful also for estate and Medicare/Medicaid planning.
Legal services can be at the tip of your fingers. Using the world wide web to find what you are looking for
The Maryland General Assembly passed a bill last week and it is currently waiting for the Governor’s signature. The bill would increase Maryland’s estate tax exemption and would probably result in a substantial loss of tax revenue for the state.