Those who have found themselves or a loved one admitted to a hospital emergency room have likely been asked whether they have an advanced directive. Most people do not, unfortunately. Not having an advanced directive can lead to unnecessary family stress and confusion at a time that is already difficult. If you suffer a serious injury and need emergency care, or if you are suffering from a serious medical condition, it is likely that very important medical decisions will need to be made. … [Read more...]
Do all Estates Need to be Probated?
A very common question clients ask their estate planning attorneys is whether every estate needs to be probated. True, the main goal for many clients and their estate plans is to avoid probate at all costs. Considering the time and expense of probate, a court-supervised proceeding, it is understandable that many clients have that goal. Generally speaking, most estates need to go through probate, regardless of the nature or amount of assets. However, there are steps you can take to get around … [Read more...]
Including Organ Donation Instruction in Your Estate Plan
Creating your estate plan doesn’t just include making sure your assets go to the right people. It also includes deciding how you want other affairs to be handled after your death. Organ donation is one of the issues to consider when creating your plan. We’ve outlined information below to help you explore your options. If you have any questions, or if you’d like to include your organ donation wishes in your plan, meet with a qualified estate planning attorney. Organ donation is a great way … [Read more...]
Mortgages Payments and Retirement
One of the reasons that so many people want to have their mortgage paid by the time that they retire is that trying to make mortgage payments when you are living on a retirement income can be very difficult. Though paying off your mortgage before you retire may be exactly the right thing for you to do, it may be better to invest that money in other ways. Before you decide if you should pay off your mortgage, there are a few things that you may want to consider, such as the return on your … [Read more...]
Why You Need A Probate Lawyer
When you are planning your estate you would do well to engage the services of a local northern Kentucky probate lawyer. Though you have alternatives, such as a revocable living trust, if you use a last will as your primary vehicle to transfer assets, your estate must pass through the legal process of probate. So when your will is being constructed, it should be done with the expectations of the local probate court in mind. This is something to consider when you see websites claiming that it … [Read more...]
Why Do I Need a Huntersville Revocable Living Trust?
Have you been wondering what the term “inter vivos trust” means and why it should matter to you? Here's what you need to know. This type of trust is actually one you’ve probably read about in your research, but it is more commonly known by its other name – the living trust. Our living trust attorney will explain everything you need to know about a Huntersville revocable living trust. What is a revocable Living Trust A Huntersville revocable living trust is a powerful legal agreement that can … [Read more...]
Do You Need a Trust Administration Checklist?
When it comes to estate planning, trust administration is a critical component. The trustee is the person who is responsible for complete management of the trust property and other important duties. A trustee must know several really important facts to properly fulfill his or her duties. Here is a trust administration checklist to help you through the process. Trust administration can be very complicated Many people do not realize that trust administration is not as simple as just distributing … [Read more...]
How to Protect Assets From Nursing Home and Medicaid Recovery
Most people will need living assistance eventually, and Medicare does not pay for custodial care, which is the type of care you would receive in a nursing home or assisted living facility. Although Medicaid can provide coverage for long-term care, what happens when you pass away and Medicaid comes after your assets? Let our Florence Medicaid lawyer explain how to protect assets from nursing home and Medicaid recovery. Medicaid and Long-Term Care Coverage The Medicaid program provides … [Read more...]
Will or Living Trust? Charlotte Living Trust Attorney Compares the Two
When most people think of estate planning, their first thought is the last will and testament. However, the last will and testament is not the only option for estate planning, and it may not be the best option either. When you use a will, your heirs receive lump-sum inheritances once the will is probated. But not all of your heirs will necessarily be good at managing money or a large amount of assets. This is particularly true if they are minors at the time of your death. Let our Charlotte … [Read more...]
What is the Definition of Elder Law?
Not many clients have heard of elder law. Typically, the younger you are the less likely you are to know the types of legal matters an elder law attorney handles. By the time you’re a senior citizen, the laws that directly impact you are likely to encompass topics that seem of little importance to the young. To understand why this will matter once you’re a senior, it is vital to understand just how elder law can impact your life. Let our Huntersville elder law attorney explain how elder law … [Read more...]
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