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 »
If you share a close bond with your nieces and nephews, ensuring they’re included in your estate plan is natural. However, the laws of inheritance can complicate things, especially for younger beneficiaries. Let’s unravel the factors to consider: How Inheritance Laws Work without a Will When you die without a will (known as dying “intestate”), …
The decision to place a parent in a nursing home rarely comes easily. Apart from the emotional toll, significant financial and legal adjustments are often necessary. While immediate well-being takes priority, it’s vital to safeguard your parent’s assets and long-term care needs with proactive estate planning. Questions to Guide Your Transition Our Olney elder law …
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 »
The loss of a loved one not only brings emotional challenges but also necessitates important revisions in your estate plan. If the individual who passed away was an integral part of your plan, either as a beneficiary or in a pivotal role like Power of Attorney, it’s essential to reevaluate your arrangements. Consulting with an …
Revising Your Estate Plan After an Heir Passes Away: Advice from an Olney Estate 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 »
Estate planning often brings about crucial conversations about the future. When family dynamics are marked by tension or conflict, discussing your estate planning wishes can become even more challenging. However, clear communication is key to ensuring your plans are understood and respected. An Olney estate planning lawyer can offer not only legal guidance but also …
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 …
When it comes to estate planning, understanding the different types of trusts available is crucial. Two common types are revocable and irrevocable trusts, each with its own set of features and benefits. As an Olney trust attorney, I often encounter questions about the differences between these two types of trusts and which one might be …
Revocable vs. Irrevocable Trusts: Key Differences Explained by a Olney Trust Attorney Read More »
