Divorce

Estate Planning When Contemplating Divorce

Posted on

Once a divorce is final, your former spouse, and relatives of your former spouse, are generally not entitled to inherit any money from you upon your death. But what should you do during the lengthy time of your separation leading up to your divorce Ripping up a Will that gave everything to your surviving spouse […]

Asset Protection Trust

Irrevocable Trusts

Posted on
Irrevocable Trusts

There are many different types of irrevocable trusts. The most popular irrevocable trusts include: life insurance trusts; asset protection trusts; charitable trusts; trusts created upon death (such as QTIP trusts and bypass trusts); and special needs trusts. Generally, an irrevocable trust is designed to prevent its terms from being modified in the future. As a […]

Estate Planning

Benefits of a Life Insurance Trust

Posted on
Benefits of a Life Insurance Trust

I. What is a Life Insurance Trust? Legal Relationship – A trust is a relationship that exists when one person or an entity (the Trustee) holds legal title to money or property for the benefit of one or more individuals or organizations (the Beneficiaries). The terms of the relationship are decided by the person providing […]

Elder Law

Get Thee a POA

Posted on
POA (Power of Attorney)

Don’t have a Power Of Attorney (“POA”) yet? You are not the only one. Millions of Americans find out too late that a POA is a very useful and inexpensive document to obtain. If you do not have a POA, in order for your spouse or loved ones to make financial and medical decisions for […]