According to a recent survey, 60% of people in the US do not have a will or a plan to make one. Accidents happen and you do not want to leave your loved ones with nothing. But your will must be legally binding if it is to be enforced. You are no lawyer, though, so it can The post Is Your Last Will and Testament Legally Binding? appeared first on Lilac City Law.
There are people in this world that will take advantage of anyone for their own gain. They target people unable to care for themselves or that suffer dementia. 1 out of 10 older people experience a form of abuse. This problem does not stop at law offices. Lawyers know the intricacy of the law. They can use The post 10 Tips to Find an Elder Law Attorney You Can Trust appeared first on Lilac City Law.
Age is a slippery slope. The older you get, the more dependent you are on others. At some point, you cannot depend on yourself at all. Around 60-years-old, there is a 7% chance you will suffer from dementia. Two decades later, and it is more likely you will have dementia than you will not. By then, your The post 5 Hacks for Setting Up a Living Will and Trust appeared first on Lilac City Law.
No matter what happens throughout your life, you are going to leave behind assets for someone when you die. You should always leave behind a legal document to guide how to distribute those assets. Another thing you should do to protect your assets is to put your assets into a trust. Knowing which trust to The post Revocable Trust or Irrevocable Trust: Which One Do You Need? appeared first on Lilac City Law.
Do you think that estate planning is only necessary for the ultra-wealthy? Do you question if you even have an estate? While most of us do not like thinking about the worst-case scenario, having a plan can provide invaluable peace of mind for both you and your loved ones. If you are asking yourself, what is estate The post What Is Estate Planning? Here Is a Brief but Informative Explanation appeared first on Lilac City Law.
Did you know that more than 50% of Americans do not have an estate plan or will in place? Many people wonder if they need estate planning if they are young or do not own much. Read on as we answer that question and look at the differences between estate planning vs. wills. What Is a Will? A will The post Estate Planning vs Will: What Is the Difference? Which Should I Consider? appeared first on Lilac City Law.
The word estate refers to the whole of an individual’s interest in a set of property including land and other assets, such as stocks and retirement accounts. Every person has an estate to some extent, though some are larger and more valuable than others. When a person dies, this property must get divided amongst their heirs, or The post How to Make an Estate Plan: The Ultimate Estate Planning Checklist appeared first on Indigo Family Law.
Estate planning…something we should all do, but most of us put it off. Do you think about your estate planning options? 60% of Americans have not gotten around to planning for the end of life. Though, the good news is that 81% of older folks, age 72 and up, have their estate planning documents in order. The post 3 Most Common Estate Planning Strategies appeared first on Indigo Family Law.
Knowing how to find an estate attorney is a lot like knowing whether somebody is trustworthy or not. It requires you to have a keen sense of character and to be able to tell whether someone will be there when you need them. In the worst of cases, you are not going to be able to tell if The post How to Find an Estate Planning Attorney: A Step-by-Step Guide appeared first on Indigo Family Law.
Besides your birth certificate and marriage license, your last will and testament is one of the most important documents you will ever own. Did you know there is more than one type of will to choose from? Depending on how many assets you own and the nature of your family, you may need multiple wills and trust documents The post Four Types of Wills to Choose From For Your Estate Plan appeared first on Indigo Family Law.
A valid will is not enough to ensure the security and timely distribution of your assets in accordance with your wishes when you die. You should consider establishing a living trust in addition to your will. The larger the value of your estate, the greater the need to create a living trust and ensure the The post 7 Reasons to Consider a Living Trust appeared first on Indigo Family Law.
Thinking about passing on your estate to your children or grandchildren? You best cross your “t”s and dot your “i”s. If you are thinking about passing on your estate, you have probably heard rumors about taxes. But what do they mean for you and your family? Here, we will dive into 5 fascinating facts about estate The post Facts You May Not Have Known About Estate Taxes appeared first on Indigo Family Law.
Military professionals often have to face the prospect of austere training environments, combat, overseas deployment, and unconventional missions. Because of these risks, the need to have something substantial for family members who are left behind is vital. In the case of female servicemembers, the need to have an excellent estate plan cannot be overemphasized. Why? Often,… The post Women, Estate Planning and Military – What They Have in Common appeared first on Atlanta Wills + Trusts Law Group .
If you are planning a “me time’’ getaway this Fall now that the kiddos are back in school, having a sudden debilitating injury is probably the last thing on your mind. You are dreaming of palm trees and margaritas, not full body traction! That is fine — you should enjoy yourself during your well-deserved getaway. However,… The post How an Advance Directive for Healthcare Will Help If You’re Injured on Vacation appeared first on Atlanta Wills + Trusts Law Group .
Many people do not have an estate plan if they become catastrophically injured. This is particularly true of those who are relatively young and free of health concerns. For some, perhaps most, the gamble may pay off. A person may stay healthy long enough for their children to become independent adults. But until this is… The post Who Will Make Your Healthcare Decisions if You’re Catastrophically Injured? appeared first on Atlanta Wills + Trusts Law Group .
An Advance Directive for Health Care is a scary thing to contemplate. It is the kind of easy form that no one wants to fill out. You have the fundamental right to consent to or refuse your own medical care. Most people guard that right jealously and do not waive it lightly. Still, accidents happen.… The post How an Advance Directive for Health Care Will Help You if You’re in a Car Accident appeared first on Atlanta Wills + Trusts Law Group .
Summer has officially begun, and while many are hurling themselves full-on into summertime fun, you are getting yourself and your minor children ready for the next year of school. If you are a single parent, an aging parent of young children, or anyone with concerns about their ability to care for those who depend on you… The post Getting Yourself and Your Family Ready for School: One Idea to Help Start Your Family Protection Plan Today appeared first on Atlanta Wills + Trusts Law Group .
For most parents, a question that might arise is “Who will take care of my child?” and of course, you think there is only one acceptable answer — yourself. In a perfect world, that’s right. In our society, however, anything can happen. You need to have a tough conversation with a professional about who might… The post Who to Appoint as Temporary Caregiver for your Child appeared first on Atlanta Wills + Trusts Law Group .