Your initial estate planning efforts may consist of nothing more than executing a Last Will and Testament that ensures your assets will be distributed according to your wishes in the event of your sudden death at an early age. You will, however, undoubtedly elaborate on that plan as you acquire more assets and as your family expands. Eventually, your estate plan will likely include a wide range of estate planning tools, one of which may be an incentive trust. The North Andover trust … [Read more...] about What Is an Incentive Trust?
Like many seniors, you may find yourself faced with the need to qualify for Medicaid for the first time in your life. Having never before needed to rely on Medicaid, you may know very little about the program. To get you started, a Nashua Medicaid planning attorneys at DeBruyckere Law explains five things you need to know before applying for Medicaid. Long-Term Care Costs Prompt the Need to Qualify for Medicaid. You are not alone! As of 2019, the average cost of a year in long-term care (LTC) … [Read more...] about Do You Qualify for Medicaid in New Hampshire?
One of the most common motives people have for creating an estate plan is protecting a spouse in the event of their death or incapacity. Most of the time, protecting a spouse is among the easiest estate planning goals to achieve; however, when your spouse is not a citizen of the United States it becomes more difficult to achieve such a seemingly simple goal. The Nashua estate planning attorneys at DeBruyckere Law Offices explain how to provide for your spouse if he/she is not a citizen. … [Read more...] about Providing for Your Spouse If He/She Is Not a Citizen
Taking the time to create an estate plan is one of the most meaningful – and beneficial -- gifts you can give to yourself and to the people you love. It is easy to make mistakes when it comes to estate planning though – and a mistake could cost you, or your loved ones, a considerable amount of time, money, and grief. The Nashua estate planning attorneys at DeBruyckere Law Offices discuss three of the most common estate planning mistakes you should try to avoid making. Believing you Do Not … [Read more...] about Estate Planning — 3 Mistakes to Avoid
As the beneficiary of a trust, you are dependent on the Trustee of the trust to manage the trust assets well and to administer the trust according to the terms created by the Settlor of the trust. What happens if you feel the Trustee is not doing his/her job properly? As a beneficiary, do you have the ability to get the Trustee replaced? The Nashua trust administration attorneys at DeBruyckere Law Offices explain the power of a beneficiary if a problem arises with the … [Read more...] about If I Am the Beneficiary of a Trust Can I Get the Trustee Replaced?
Every adult should have at least a basic estate plan in place. For most people, estate planning begins with creating and executing a Last Will and Testament. While that sounds simple enough in the abstract, over half of all Americans do not have even a basic estate plan. One of the most common reasons people give for not having an estate plan is that they are unsure of where or how to begin. The “where” is easy enough to explain. Begin with a Will. The “how” can be a bit more complicated. … [Read more...] about How to Get Ready to Create Your Will
A well thought out and properly drafted estate plan is one of the most valuable gifts you can give to yourself and your loved ones. If you are new to the concept of estate planning, it may help to learn more about it. To get you started, a North Andover estate planning attorney at DeBruyckere Law Offices offers five important estate planning tips. It is never too early to start estate planning. Every adult should have an estate plan without regard to age, marital or parental status, or net … [Read more...] about What You Need to Know about Estate Planning
The November elections are over. What was the outcome of the election? What changes could come about as a result? What do those possible changes mean for your estate plan? Read on to learn more. … [Read more...] about What the 2020 Election Could Mean for Your Estate Plan
Thanksgiving and the holidays is a time for giving thanks and for appreciating your family and friends. In particular, it can be a good time to thank those people whom you’ve asked to serve in important roles in your estate plan. Thank your agents under your powers of attorney and your successor trustees. Read on to learn more. … [Read more...] about A Time for Thanks and Community
When you’re deciding how your assets should be divided at death, sometimes dividing them equally is the appropriate choice. But, sometimes it’s not. Fair isn’t always equal or vice versa. Read on to learn more, including how to avoid a challenge if you choose an unequal division among your children. … [Read more...] about Fair Isn’t Always Equal and Vice Versa