Sometimes people use Joint Tenancy as an easy, simple way to do Estate Planning. However, this can have serious, unexpected drawbacks. Read on to learn more.
You have to evaluate the implications when you are leaving inheritances to a number of different people that are in different life situations. If you have a loved one with a disability, a particular estate planning strategy is required, and we will explain the details in this blog post. Government Benefits Most people get health […]
If you never need the money, your individual retirement account can be part of your inheritance plan. There are also people that know all along that are going to be utilizing there IRAs for estate planning purposes. In this post, we will look at the rules for inherited individual retirement accounts, and we will also […]
Bad information can sometimes circulate because people misconstrue half-truths that they hear from others. This phenomenon definitely applies to elder law and estate planning matters, and in this post, we will look at a misunderstanding about Medicaid planning for homeowners. Long-Term Care Before we focus on the subject at hand, we should explain why Medicaid […]
People sometimes hear incomplete pieces of information, and they form false assumptions about various aspects of the estate planning process. In this post, we will debunk five commonly held myths so you can go forward with a better understanding of the facts. Myth #1: You don’t have to plan your estate until you are a […]
People harbor some misconceptions about the commonly used estate planning document known as the simple will. If you never looked into it, you may simply assume that you name an executor in the will, and you leave behind instructions. After you pass away, the executor will produce the will, read it to the relevant parties, […]
When you think about estate planning, if you don’t know much about it, you may equate it to the execution of a simple will. This can seem like an uncomplicated task that you can complete when you are old and gray. Indeed, the majority of adults think this way, because most Americans don’t have estate […]