The term homestead may seem like a throwback to pioneer days, but homestead exemption laws are directly relevant to today’s estate planning and can play a valuable role in a modern plan. Almost every state has some form of homestead exemption law primarily focused on reducing property taxes and protecting home equity from creditors. While the […]
Do you own your home, other property, or a financial account with someone else, like a spouse, adult child, or someone not related to you by blood or marriage? If so, you might be surprised that a common way of owning property could create future problems for your loved ones. There are several forms of […]
Whether a loved one’s passing was expected, due to prolonged illness, or it happens unexpectedly, their passing is always a shock, often leaving behind questions of “what now?” among the survivors. If you have been named the person responsible for managing a loved one’s affairs, after there death, commonly called an executor or administrator (if your […]
By and large, estate plans are typically private matters that not something everyone in your life needs to know in detail. The decisions about whom to trust with decision-making power and how you plan to distribute your wealth is your business. For married couples, they will naturally know the details of plans they created together. […]
