When you are creating your estate plan, you will likely need to consider several goals at the same time. One thing it may not occur to you to consider is the cost of administering your estate after you are gone. To help you understand why this is important, the Nashua estate planning attorneys at DeBruyckere Law explain who pays the costs associated with administering an estate. What Is Involved in Administering an Estate? When you die, you will leave behind a legal estate consisting of … [Read more...] about Who Pays for the Administration of an Estate?
A primary motivation for creating a Last Will and Testament is to ensure that estate assets are distributed according to the Testator’s wishes after they are gone. If that Will is invalidated, however, the state ultimately decides what happens to your assets. Knowing that, it seems wise to do what you can to prevent challenges to your Will. Toward that end, a Nashua estate planning attorney at DeBruyckere Law discusses tools and strategies to help your estate avoid a Will contest. What … [Read more...] about How Can I Avoid a Will Contest?
Creating a comprehensive and cohesive estate plan is one of the most valuable gifts you can give to both yourself and to your loved ones. If you have an estate plan in place already, you are ahead of most Americans; however, you are not done yet. In fact, reviewing and revising your existing estate plan is just as important as creating the initial plan because an out of date estate plan can wreak havoc on your estate if something happens to you. The Nashua estate planning attorneys at … [Read more...] about Why Is It Important to Update My Estate Plan?
If your father recently passed away, you are undoubtedly still grieving his loss. Although it is difficult to do, there are practical and legal steps that must be taken as a result of your father’s death. Among the most important of those is to initiate the probate of his estate. If you will be responsible for overseeing the probate process, you may be wondering if you need an attorney to help you. A Beverly area probate attorney at DeBruyckere Law Offices helps you decide if you need an … [Read more...] about Can I Administer My Father’s Estate By Myself?
You want your estate planning to be handled by an attorney who stays current on the law. The American Academy of Estate Planning Attorneys is holding its semi-annual conference providing education and learning for its Members. Read on to learn more. … [Read more...] about Academy’s Fall Summit Virtually Perfect
When you’re deciding to whom to leave assets, most people choose their children or other descendants. However, you also need to decide on the “contingent remainder” beneficiary. In other words, who should get your assets if all your other beneficiaries are gone. Read on to learn more about this often-confusing concept. … [Read more...] about What’s an “Atom Bomb” or “Contingent Remainder” Beneficiary?
Most of us start thinking about retirement early on in our working career. As we get closer to retirement age, several important decisions must be made related to our retirement. What age to begin accepting Social Security retirement benefits is one of those decisions. Before you decide to start accepting your retirement benefits early, a North Andover estate planning attorney at DeBruyckere Law Offices explains the downside of doing so. The Social Security Retirement System The Social … [Read more...] about Should I Take Early Retirement?
Although a Last Will and Testament remains the most common estate planning document, a trust is not far behind in popularity. If you decide to add a trust to your estate plan, you will have to decide which type of trust to create. A Woburn trust attorney at DeBruyckere Law Offices explains some of the many advantages to revocable trusts. Trust Fundamentals A trust is a relationship whereby property is held by one party for the benefit of another. A Settlor (also referred to as a “Grantor” … [Read more...] about What Are the Advantages of a Revocable Trust?
Like many people, you probably created an estate plan to ensure that your assets are used to provide for loved ones after you are gone. Making direct gifts within your estate plan is one way to do that; however, you may not want to make a direct gift if the assets are valuable and/or the beneficiary is unprepared to manage the assets. In that case, you may wish to stagger the distribution of the inheritance you gift to a beneficiary. The North Andover trust attorneys at DeBruyckere Law Offices … [Read more...] about How to Avoid a Lump Sum Gift
When most people contemplate the creation of their Last Will and Testament, they focus on decisions related to the gifts they will make within that Will. Consequently, appointing someone as the Executor of their estate is often an afterthought. In fact, failing to give sufficient thought to the choice of an Executor is one of the most common of all estate planning mistakes. To help you avoid making that mistake, a North Andover estate planning attorney at DeBruyckere Law Offices offers tips on … [Read more...] about Who Should Be My Executor?