As an Olney estate lawyer, one of the most common misconceptions I hear from clients is that having a will means their loved ones can avoid probate. Unfortunately, this isn’t the case. Let’s dive into why wills and probate go hand in hand, and what this means for your estate planning. Think of Your Will …
Myths About Wills and Probate: An Olney Estate Lawyer Explains What You Need to Know Read More »
While meeting with clients, as an Olney estate planning lawyer, I often hear this question: “Should I add my family member to my accounts as a joint owner, or set up a Power of Attorney?” While adding a joint owner might seem like the simpler solution, the answer isn’t as straightforward as you might think. …
Joint Accounts vs. Power of Attorney: Making the Right Choice for Your Future Read More »
As an estate planning lawyer in Olney, I often see couples who view prenuptial agreements solely as divorce protection. However, a well-crafted prenup can be a powerful estate planning tool that helps protect both spouses and their children, especially in blended families. The Estate Planning Connection Prenuptial agreements complement your estate plan in several important …
Beyond Marriage Protection: How Prenuptial Agreements Enhance Your Estate Plan Read More »
As an Olney probate attorney, one of the most common questions I hear from families is about student loan debt after death. With student loan debt in America reaching unprecedented levels, it’s a crucial topic that affects many families during probate administration. Federal vs. Private Student Loans: A Critical Distinction The fate of student loans …
What Happens to Student Loans After Death? Olney Probate Attorney Explains Read More »
You’ve carefully built your retirement savings over decades, but did you know that once inherited, these accounts could be vulnerable to creditors? As an Olney estate lawyer, I’ve seen too many families surprised when inherited retirement accounts they thought were protected ended up exposed to legal claims. The Supreme Court Changed Everything In 2014, the …
Olney Estate Lawyer Explains: Your Inherited IRA May Be at Risk Read More »
As an Olney estate planning lawyer, I often find that people associate powers of attorney only with end-of-life planning. However, limited powers of attorney (POAs) can be incredibly useful tools for managing specific tasks in your day-to-day life. Think of them as delegating authority for a particular purpose, rather than handing over complete control of …
When Do You Need a Limited Power of Attorney? More Often Than You Might Think. Read More »
If you own commercial property, you’ve likely spent years building and managing your real estate investments. As an Olney will and trust lawyer, I’ve guided many property owners through the complex process of including these valuable assets in their estate plans. The truth is, passing down commercial property requires much more careful consideration than transferring …
As an Olney Will and Trust Lawyer, I’ve seen firsthand the consequences of inadequate estate planning. Many parents, regardless of age, overlook crucial aspects of securing their family’s future. Whether you’re a new parent, think you’re too young for estate planning, or haven’t updated your documents in years, this post is for you. Let’s explore …
As a Olney Trust Lawyer, I often encounter questions about different types of property documents. Two that frequently come up are documents for transferring property ownership and those used in lending situations. Let’s explore these important legal instruments and how they might impact your property rights. Ownership Transfer Documents Documents like No Consideration Deeds or …
Deeds Decoded: Your Olney Trust Lawyer Unveils Property Transfer Documents Read More »
Even iconic artists like Prince can encounter estate planning challenges. As a devoted fan of many musical legends, I was surprised as an Olney trust lawyer to learn that Prince passed away without a trust or will. Sadly, the resulting legal battles within his estate continue to make headlines. Let’s delve into the situation and …
