For families with a loved one who has a disability, understanding how a special needs trust affects Supplemental Security Income (SSI) is necessary. SSI provides essential financial support, and ensuring that other assets do not interfere with it is a top priority....
Creating a will is an important step in planning for the future. A will ensures the distribution of a person's assets according to their wishes. However, a power of attorney can provide additional protection and clarity. There are three signs that can indicate that...
Estate planning remains an important yet frequently overlooked conversation within many families. It requires decisions about transferring an individual's estate after their death, including distributing assets and caring for dependents. Although the topic might feel...
Acting as a trustee involves understanding the legal basis for you to make certain decisions regarding a trust. This can include selling off property contained in the trust. Without established authority to sell off trust assets, you could end up in probate court if...
A trustee is responsible for administering a trust. However, what happens when there is more than one trustee involved? If you are the beneficiary of a trust with multiple trustees, you should know how all the people running your trust manage your assets. Co-trustees...
According to CNBC, only about 33 percent of Americans have put together a will, which is typically one of the first steps in starting your estate plan. When you create a will as part of the estate planning process, this may involve naming a legal guardian for your...
Writing a will is one of the most basic components of an estate plan. However, according to a survey by Caring.com, a senior living referral service, nearly two-thirds of U.S. adults do not have a will. What happens to your estate if you die in Washington state...
Contemplating end-of-life decisions can be challenging, but it is an important aspect of estate planning. By making these decisions now, you provide a roadmap that guides your loved ones and healthcare providers if you become incapable of expressing your wishes....
Hashing out plans for your death is not something you should take lightly. It involves a lot of thinking and planning to make the experience easier for your loved ones both financially and emotionally. There are some actions you should take after completing your...
Bringing a new child into your family is a time of great joy and celebration. The last thing most people think of is death. However, new parents need to start thinking about the best interest of their child, and this includes figuring out what to do in the event that...
