This kind of mistake can wreak havoc on many lives, which is why it is so important to work with an experienced estate planning attorney who is knowledgeable about special needs planning. The article, “Crafting an estate plan to include disabled family members” from The Ledger explains what is involved in special needs planning. Supplemental
“There’s never enough time to do all the nothing you want.” Bill Watterson, Calvin and Hobbes. “The trouble with retirement is that you never get a day off.” Abe Lemons. There are also people who wait until they become senior citizens to begin planning for retirement. That’s a little on the late side, but the
Fifty is a little on the late side to start taking care of these important life matters. However, it is better late than never. It’s easy to put these tasks off, since the busyness of our day-to-day lives gives us a good reason to procrastinate on the larger issues, like death and our own mortality.
It’s true that an effective estate plan should be simple and straightforward, if your life is simple and straightforward. However, few of us have those kinds of lives. For many families, the discovery that a will that was created using a basic form is invalid leads to all kinds of expenses and problems, says The
It’s always the right time to do your estate planning, but it’s most critical when you have beneficiaries who are minors or with special needs, says the Capital Press in the recent article, “Ag Finance: Why you need to do estate planning.” While it’s likely that most adult children can work things out, even if it’s costly and time-consuming in
“It is a curious thing, the death of a loved one. We all know that our time in this world is limited, and that eventually all of us will end up underneath some sheet, never to wake up. And yet it is always a surprise when it happens to someone we know. It is like
Life happens, when we’re not prepared. A woman is recovering at home from minor surgery when her older sister dies unexpectedly, thousands of miles away. She can’t fly from her home to her sister’s home for weeks. What will happen, asks Considerable in the article “This is the most helpful thing you can do for the
How Do Trusts Work in Your Estate Plan? A trust can be a useful tool for passing on assets, allowing them to be held by a responsible trustee for beneficiaries. However, determining which type of trust is best for each family’s situation and setting them up so they work with an estate plan, can be
The case of Britney Spears’s guardianship is a high-profile, widely-publicized matter. However, even though Ms. Spears has been the hot topic of conversation on the news and in the media recently, very little is actually known about the details of her situation. I have held every attorney position in the field of guardianship, often I
“As special needs parents we don’t have the power to make life “fair,” but we do have the power to make life joyful.” Anonymous “All kids need is a little help, a little hope, and someone who believes in them” Magic Johnson. Parents want their children to be taken care of after they die. But children with
