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One of the goals of an estate plan is getting assets to beneficiaries. Some people opt to do this through their will, but others choose to establish a trust that can make it much easier to get the assets to the intended individuals or other entities. A trust is a...
The best estate plans include more than just a will. People may draft powers of attorney and can also create trusts. They may also want to add an advanced directive discussing medical matters to their estate plans. Advance directives give people an opportunity to...
Older adults do not always retain their health as they age. People sometimes develop physical challenges. Other times, they may experience cognitive decline. Some people have issues with decision-making and memory as they age. Others may develop full-fledged dementia....
Drafting a will creates crucial protections for an individual and the people they love. A will helps convey someone's last wishes to the probate courts and the person who assumes the responsibility of estate administration. The laws in every state are slightly...
Together with long-term care and Medicaid planning, estate planning is a crucial process for individuals and families in Connecticut. These types of planning involve making strategic decisions about assets and healthcare to ensure financial stability, minimize tax...
Most responsible adults understand the value of estate planning. They know their loved ones will need protection and guidance if anything were to happen to them. They can still very easily find ways to delay the process. Most people don't want to think about dying or...
As people develop physical limitations or experience cognitive decline in response to aging, they may find themselves in need of increased support on a day-to-day basis. Even those who have always been staunchly independent may eventually need to consider moving into...
Many people start the estate planning process by writing a will. They own assets and they want to pass those assets on to their heirs. A will is a way for them to make a list of their assets and specify who should get each one. They may believe that this is all that...
When planning or revising their estate plans, many adult parents wonder if it is a good idea to include their adult children in their estate planning, and for a good reason. There are many benefits to involving your adult children in your estate planning. Doing so can...
When you’re getting your estate plans in order, choosing your executor is one of the most significant decisions you have to make. Do you pick your oldest adult child? Should you put your younger brother or your favorite niece in charge? Do you want an attorney or a...