If you are a wartime veteran who has 90 days of active duty, one day of that time beginning or ending during a period of war, you may be eligible for Veterans Aid & Attendance benefits. A surviving spouse who was married at the time of the veteran’s death may also be eligible for these benefits. There are both medical and financial qualifications that determine eligibility. Our veterans aid & attendance attorneys can explain what you need to know in order to avoid making mistakes with … [Read more...] about How Does a Veteran Qualify for Aid & Attendance?
Why is it Important to Have an Estate Plan?
We all know that passing away is one of the two certainties of life, but in spite of this, the majority of American adults are not properly prepared from an estate planning perspective. A lot of people fail to act because they really don't know why estate planning is important. There are several things you should know about estate planning, and when you digest this information, you will understand why having an estate plan is essential. Our Ashland estate planning attorneys can provide the … [Read more...] about Why is it Important to Have an Estate Plan?
Revocable Trust vs Will: Which is Better?
Although most people equate estate planning with simply creating a last will and testament, a will is not always the best choice. If you use a will to state your final wishes, your heirs will receive lump-sum inheritances. However, everyone is not good at managing money, and this can be disconcerting. Let our attorneys explain how using a revocable trust can be a better choice than a simple will. Revocable trust vs will Many clients ask which is better? When considering the question revocable … [Read more...] about Revocable Trust vs Will: Which is Better?
When Should I Start My Estate Planning?
A legal matter can sometimes seem like an exercise in paper shuffling, and this mentality is often applied to the subject of inheritance planning. However, the estate planning process can be complex so let our Ashland estate planning lawyers help you get started now. Estate planning is unique so it takes time Each family is different, so there is no one-size-fits-all estate plan that will be perfect for everyone. There are those who assume that you can simply draw up a quick last will, toward … [Read more...] about When Should I Start My Estate Planning?
Ask Your Trust Attorneys Which Type of Trust Will Meet Your Goals
For most clients, deciding between creating irrevocable trusts and revocable trusts depends on the need for retaining control of assets. There are, in fact, some very distinct differences that should be considered as you make the decision. Trusts have been around for a very long time, but they’ve only really begun to gain mainstream acceptance in the last several decades. When it comes to choosing between an irrevocable and a revocable trust, our Charlotte trust attorneys can help you decide … [Read more...] about Ask Your Trust Attorneys Which Type of Trust Will Meet Your Goals
What Are Trusts and Why Do You Need Them?
For some people, estate planning is as easy as creating a Last Will and Testament, power of attorney and advance directives, and a living will. Everyone’s situation is different, however, and there are millions of people who just can’t get away with that type of basic estate planning. Some of them have complex business concerns that need to be dealt with. Others have issues related to long-term care planning or retirement efforts. And then there are those who want to avoid probate or provide for … [Read more...] about What Are Trusts and Why Do You Need Them?
Why You Need an Attorney to Create a Will the Right Way
For many Americans who procrastinate about creating a will, the reasoning often comes down to one of two main issues. They either don’t think they need one because their estate is too small, or they’re just leery of paying an attorney to do the work. The first reason is common, since roughly half of us seem to question the need for estate planning. That second reason is perfectly understandable, especially in uncertain economic times. Nevertheless, we all need some sort of estate plan, and … [Read more...] about Why You Need an Attorney to Create a Will the Right Way
Estate Planning Attorneys Explain the Benefits of Testamentary Trusts
You may be familiar with the many different types of trusts available to use in your estate plan. One of those trusts, the testamentary trust, is the type of trust that only goes into effect after your death. A testamentary trust is really the opposite of a living trust, which becomes effective when you create it and continues to operate during your lifetime. If you are considering which type of trust to use our estate planning attorneys can answer questions and help you make the right … [Read more...] about Estate Planning Attorneys Explain the Benefits of Testamentary Trusts
If You Don’t Understand the Medicaid Look-Back Rule You May Be in Trouble
Medicaid places certain limitations on the amount of financial resources you own, as well as how and when you can transfer assets from your estate to someone else. Long-term care costs are often too expensive for most people and they are continuing to increase every year. Currently, the national average cost, for a year of nursing home care, exceeds $90,000. For this, and many other reasons, Medicaid planning is important for everyone. Our Ashland Medicaid attorneys can advise you regarding the … [Read more...] about If You Don’t Understand the Medicaid Look-Back Rule You May Be in Trouble
Charlotte Residents Can Benefit From Early Estate Planning
While financial planning can help you to build wealth over time, through the wise management of your resources, and retirement planning focuses on directing a portion of today’s income and assets toward tomorrow’s needs, your estate plan must to bring these strategies together in a comprehensive way. A well thought out estate plan can preserve and distribute the wealth, you have worked so hard to accumulate, to the next generation and beyond. Everything doesn’t work out automatically You may … [Read more...] about Charlotte Residents Can Benefit From Early Estate Planning
