Unless you are exposed to estate planning concepts and strategies on a regular basis they can be intimidating and confusing. Frequently this causes people to shy away from creating an estate plan despite understanding how important it is to have one in pace. Because every estate plan should be as unique as the person creating the plan, it is not possible to give universally applicable tips that fit every estate plan. The estate planning lawyers at DeBruyckere Law Offices, however, present the … [Read more...]
5 Reasons You Need a Trust Administration Attorney If You Are a Trustee
Over the last several decades, trusts have grown in popularity to the point where it is now common to find a trust included in the average estate plan. Although trusts have also evolved to the point where there are now numerous specialized trusts aimed at accomplishing very specific estate planning goals, all trusts have a few basic elements in common, including the need for a Trustee to handle the administration of the trust. Because the Settlor appoints the Trustee, almost anyone can be a … [Read more...]
Can a Trust Attorney Be My Trustee?
Although the primary focus of your estate plan may be the eventual distribution of your estate assets after you are gone, your estate plan will likely include a wide range of additional, inter-related, goals and objectives in addition to your primary objective. In order to accomplish all of those goals and objectives, you will need to utilize a variety of estate planning tools and strategies. One of the most common of those tools is a trust. If you do choose to establish a trust as part of your … [Read more...]
Do I Really Need an Estate Planning Attorney to Help Create My Will?
You probably already recognize the need to have at least a basic estate plan in place; however, like over half of all Americans you may not have gotten around to actually creating one yet. For most people, an estate plan starts with creating a Last Will and Testament. If you are ready to get started on your Will, you might be wondering if you really need an estate planning attorney to help you or if you can save some money by just going the “Do-It-Yourself” route. Although it may seem as though … [Read more...]
Top 5 Nashua Medicaid Planning Mistakes
Although your initial estate plan may be rather simplistic, as both your estate and your family grow over the years, your estate plan should grow along with them. Additional strategies and tools should be incorporated into your estate plan in order to address your changing needs and goals. One component that most people choose to include in their estate plan as they near retirement age, if not before, is Medicaid planning. Like most people, you may be aware of the need for Medicaid planning; … [Read more...]
Top 5 Nashua Elder Law Topics
The population of older Americans continues to increase by leaps and bounds. Consequently, issues that impact the elderly and those who care for them have become increasingly important. Whether you are a senior yourself or are the loved one of one, you may someday need the assistance of an elder law attorney. Because elder law is such a relatively new area of the law, people often don’t know when they need an elder law attorney. To help you better understand the area of elder law, the attorneys … [Read more...]
Woburn Asset Protection Attorneys Explain How an Irrevocable Living Trust Can Help
One of the primary motivations for creating your estate plan is likely the desire to ensure that your estate assets are used to help provide and care for your loved ones in the event of your death. For that to happen, however, you must not only acquire sufficient assets, but also protect those assets over the course of your lifetime. Some threats to your estate assets may be obvious, such as creditors, economic downturns, and divorce. Other threats, however, are not as obvious, such as the cost … [Read more...]
New Hampshire Ranked 7th Best State for Retirees
Retirement planning is essential anymore if you wish to be financially secure when you reach your retirement years. Ideally, a retirement plan begins soon after you land your first “real” job and continues to grow over the years. Initially, retirement planning means nothing more than setting aside as much money as possible in the hope that you can make it grow over the years. As you get closer to actually retiring though, that plan will become more intricate as details are added to it. One … [Read more...]
5 Reasons You May Need a Trust Attorney
There was a time when trusts were rarely used by the average person. Instead, they were the domain of the ultra-wealthy and were used primarily to avoid taxation and to retain control of the family fortune as it passed from one generation to the next. More recently, however, trusts have become more user-friendly,” evolving to the point where it is now extremely common for the average person to be involved in a trust at some point in his/her life. With that in mind, you may find the following … [Read more...]
Woburn Asset Protection Attorney Explains the In-Law Threat
If one of the reasons you work so hard, save regularly, and invest wisely is so you will be able to pass down some of the assets you amass to your children, don’t forget the need to protect those assets from potential threats. Asset protection should play an important role in any estate plan to ensure that your hard-earned assets are safe and that you have an estate left to pass down at the end of your life. Many of the threats to your assets are easy to recognize; however, some are not so … [Read more...]
