If you are fortunate enough to have amassed a decent sized estate over the course of your lifetime, you may plan to pass some, or all, of that estate down to your children and/or other loved ones. The conventional method used to pass down assets is gifting them through a Last Will and Testament. What happens, however, if you are concerned about handing a beneficiary a sizeable inheritance all at one time? The Nashua estate planning attorneys at DeBruyckere Law explain how to avoid passing down a … [Read more...] about Concerned about Leaving a Large Inheritance? A Trust May Be the Solution
If you are a parent of young children, you undoubtedly want to protect and provide for your children in your estate plan. Doing so requires careful planning and a well thought out and constructed estate plan. To help you get started, Nashua estate planning attorneys at DeBruyckere Law Offices discuss estate planning concerns for parents with young children. Why Is Estate Planning for Parents with Young Children Necessary? As a parent you will undoubtedly focus much of your energy and … [Read more...] about If You Are a Parent Estate Planning Is Essential
If you have never needed to rely on Medicaid to cover your health care expenses, why would you need to include Medicaid planning in your estate plan? Unfortunately, the reality is that many seniors do eventually need to qualify for Medicaid at some point to help with the high cost of long-term care. If you find yourself in that position, is it too late for Medicaid planning to help? A Woburn Medicaid planning attorney at DeBruyckere Law Offices explains how last-minute Medicaid planning may … [Read more...] about Is It Too Late for Medicaid Planning to Help Me?
As we approach the end of the year, it’s a good time to think about updating your plan. This includes your entire plan, including Powers of Attorney. Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. It’s important to consider whether you need to update either of these powers. Read on to learn more. … [Read more...] about Updating Your Plan: Powers of Attorney
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2021 is just starting, it’s not too early to think about planning for whatever it may bring your way. … [Read more...] about Tax Planning for 2021
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?