Blog
People need estate plans, even when they are not holding large assets. Despite the popular myth that only people with large financial holdings need estate plans, people who do not have a large estate do need an estate plan, according to Pauls Valley Daily Democrat in “More on estate planning myths.” Many of the people […]
An estate plan is more than a will and can solve many problems for you and your family. Some recent statistics point out the importance of Americans not only creating a will, but learning about the options of an estate plan, according to the AARP in “Haven’t Done A Will Yet?“. A new survey reveals […]
New Jersey case highlights the difficulties faced with some right-to-die decisions. Every state has allowed the addressing of the right-to-die issue through living wills that address the person’s views on life-prolonging treatments for the terminally ill, although in New York State, a living will, unlike a health care proxy, does not carry legal weight. While […]
Making the decision to create an estate plan, may well ease your family’s pain in the future. If you don’t have an estate plan, you risk putting your family through some unnecessary difficulties, according to the Las Vegas Review-Journal in “Estate planning can save your family plenty of money and heartache later.” Not having an […]
Reverse mortgages are overcoming their bad reputation with new rules and regulations. Reverse mortgages were created as a tool to ease financial burdens on the elderly and new laws improved them as an option, according to Inforum in “Changes in reverse mortgages make them safer, less expensive.” A reverse mortgage allows an elderly person to […]
As it turns out, everyone would be wise to create a will. The Norman Transcript recently answered some misconceptions about the need for a will in “Wills: Who needs them?“. As it turns out, the answer to the question posed in the article’s title is “everyone.” There is not a single category of adult who […]
Living trusts are the most common in use, but there is another type of trust. While the living trust is used more frequently, there is also a testamentary trust. Many people have the documents that create one, but they aren’t aware of it, according to NWI Times in “Wills can create trusts.” The revocable living […]
Long-term care for future nursing home care may be your best option, but perhaps it isn’t. What your plans are for your estate and your circumstances may determine your need for long-term care insurance, according to the Wills, Trusts & Estates Prof Blog discussed it in “Should You Buy Long-Term Care Insurance?“. Medicaid will pay […]
Close attention should be paid to beneficiary designations, by reviewing them on a regular basis and changing them as needed. A recent discussion by the Wills, Trusts & Estates Prof Blog “Ex-Spouse Receives Bulk of Insurance Death Benefit” highlights the importance of following your attorney’s advice and updating your insurance beneficiaries to meet changing circumstances. […]
Parents who cosigned student loans for their children, who then passed away, no longer have to pay back New Jersey. The state of New Jersey has been known for taking a hard stand on student loans. However, it has now taken a reverse course, according to Financial Advisor in “N.J. Discharging Loans For Families of […]
