Losing a loved one is an incredibly difficult experience, and amidst the grieving process, there are practical matters that need attention. Here are five essential steps to take after the passing of a loved one: 1. Notify Close Family and Friends: Begin by informing immediate family members and close friends about the passing of your …
You’ve found your dream home and your offer’s been accepted – this is an exciting time! As you approach closing, your agent, attorney, or title company will ask how you’d like to hold the title to the property. While individual ownership is common, placing your new house into a trust right from the start has …
New Home Contract? Now’s the Time to Consider a Trust – Consult an Olney Trust Lawyer Read More »
The word “trust” gets used quite broadly, creating potential confusion. While a “living trust” is a widely discussed instrument for estate planning, it’s crucial to understand that not every trust is a living trust. Below our Olney estate planning lawyer breaks down the key distinctions. What is a Trust? Simply put, a trust is a …
Are All Trusts Living Trusts? An Olney Estate Planning Lawyer Explains Read More »
Retirement accounts, such as 401(k)s and IRAs, are often significant components of your financial portfolio. But do you know who will inherit these funds when you pass away? It’s a crucial aspect of estate planning that deserves attention. Here, an Olney inheritance lawyer offers expert insight into how retirement accounts are handled after your death. …
Understanding Retirement Account Beneficiaries: Guidance from a Olney Inheritance Lawyer Read More »
Losing a loved one is always difficult, and the challenge can be compounded when they pass away in a different state. If you’re facing this situation, it’s important to know that you may be able to manage many of their affairs from a distance. As your local Olney estate lawyer, we’re here to guide you …
Navigating Out-of-State Bereavement: Your Olney Estate Lawyer Can Help Read More »
Buying a new home is more than just a significant financial investment; it’s a key component of your overall estate. As you embark on this exciting journey, it’s crucial to consider how this asset will be managed, both now and in the future. One effective strategy for managing real estate assets is setting up a …
Life is full of surprises, and while we can’t predict every turn, we can prepare for the unexpected. Whether it’s sudden incapacitation or an unforeseen financial shift, having a comprehensive estate plan can provide much-needed peace of mind. As experienced Olney Will and Trust Lawyers, we understand the importance of being prepared for every eventuality. …
When you’re working with an Olney trust attorney, it’s crucial to understand what you can include in your trust document. Let’s explore the variety of instructions or restrictions that can make your trust truly yours, ensuring your legacy is managed just the way you envision. Tailoring Your Trust: A Guide to Restrictions Creating a trust …
Crafting Your Trust with an Olney Trust Attorney: What to Include Read More »
“Should I leave my children’s inheritance to charity?” It’s a question that many parents grapple with, especially when considering the needs of their children and their personal philanthropic goals. It’s not just about the money—it’s about the message you want to leave behind and the impact you want to have. Weighing Your Decision When you’re …
For those who have served in the military, estate planning takes on unique considerations. Veterans have earned specific benefits and honors due to their service, and it’s essential that these are incorporated into an estate and long-term care plan. Here are some key points veterans should consider: 1. Safeguarding Your DD214 Your DD214, or Certificate …
