Estate Planning Lawyers in the USA
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Estate Planning Lawyers USA - Recent Legal Articles
- What Are My Rights Under Community Property Distribution?
While the majority of states require that assets be distributed in an equitable division upon divorce, community property states view all property that was accumulated during the marriage to be the equal property of both spouses.
- Why Everyone Should Have a Will
Everyone should have a will to ensure that your assets are distributed according to your wishes. Since the purpose of a will is to make clear your final wishes, it is important to consult a professional during this process to ensure this complicated process produces a clear and concise, legal document.
- Duties and Role of an Executor
Your friend calls you up one day and says that he is writing his will. He asks if you will be willing to serve as executor. What should you say? Before you answer that question, you should know about the duties you will be responsible for if you choose to act as executor. Let's discuss what you should consider.
- What Is a Power of Attorney and Healthcare Proxy?
When a person hears the term “estate planning,” he or she often thinks about devising a will and maybe setting up a trust. For the most part, these tools focus primarily on what happens after a person passes away. However, much of creating an effective estate plan relies on having a plan in case you become incapacitated and are unable to make important decisions on your own. Two primary tools are used in this regard.
- What Are the Benefits of a Living Revocable Trust?
Many individuals choose to use a living revocable trust as part of their estate plan or for other purposes. Such trusts provide distinct advantages over wills or other devices.
- Family Limited Partnerships and Divorce: Structuring the Division
Family Limited Partnerships can present unique challenges in divorce litigation relative to the division of property and debt. It is vital to understand the key components, their structure and various valuation methods in order to effectively represent a client where a Family Limited Partnership is part of divorce proceedings.
- Reverse Mortgages Should be the Last Resort for Senior Citizens
Reverse mortgages may not be as beneficial to seniors as one may think. Learn more about the associated risks before taking out a reverse mortgage.
- Estate Planning - Is a Trust Right for You?
Determining whether a Trust is right for you and your family can be a difficult decision. There are many factors which come into play and no estate plan is right for everyone.
- Inheritance Issues- Family Not Cooperating, What Are My Options?
Inheritances have specific rules that make them different than other kinds of assets. For example, an inheritance is usually treated as separate property, even in community property estates. If family friction has begun due to friction of learning about a future inheritance, steps can be made in the estate planning process to minimize conflict. Additionally, steps can also be taken after the testator dies to help deal with family problems.
- What Is a Durable Power of Attorney?
A power of attorney is a legal document that gives one person certain rights and responsibilities, the agent, over the person who had the document prepared, the principal. There are generally two different types of power of attorneys: a power of attorney for financial reasons and a power of attorney for healthcare matters. These documents are generally prepared separately, even if the same person is named as the agent in both documents.