What Documents Should I have In My Estate Plan?
An estate plan typically includes a variety of legal documents that work together to ensure your assets are distributed according to your wishes, your healthcare preferences are respected, and your …
Estate Planning FAQ’s
What Taxes Could Effect My Estate Plan?
Tax laws can significantly impact your estate plan, influencing how much of your estate goes to your beneficiaries versus to the government. Here’s a summary of the key tax laws …
What is a Pour-Over Will?
A pour-over will is a type of will used in conjunction with a revocable living trust to ensure that any assets not explicitly transferred into the trust during the grantor’s …
Will my Heirs Have to Pay Capital Gains Tax on Inherited Assets?
When heirs inherit assets, they generally do not have to pay capital gains tax on the inheritance itself. However, if and when they decide to sell the inherited assets, they …
What is a Living Will?
A Living Will is a legal document that outlines your wishes regarding medical treatment and end-of-life care in the event that you become unable to communicate your decisions due to …
What is a Life Estate Deed?
A life estate deed is a legal document used in real estate to transfer ownership of property in a way that divides the ownership into two distinct phases: the life …
What is the Five Year Look Back Period & How It Could Effect My Estate Plan?
The five-year look-back period is a crucial factor in estate planning, particularly when planning for long-term care and Medicaid eligibility. This period refers to the timeframe during which Medicaid reviews …
What is a Power of Attorney?
A Power of Attorney (POA) is a legal document that allows one person, known as the principal, to appoint another person, known as the agent or attorney-in-fact, to act on …
What is a QTIP Trust?
A QTIP Trust (Qualified Terminable Interest Property Trust) is a type of irrevocable trust that allows a grantor (the person establishing the trust) to provide for their surviving spouse while …
How can I plan for long-term care and Medicaid eligibility?
Planning for long-term care and Medicaid eligibility is crucial for ensuring that you or a loved one can afford quality care in the future while protecting personal assets. Long-term care …