Will I Need To Pay My Parent’s Nursing Home Bill?

Will I Need To Pay My Parent’s Nursing Home Bill?

The decision to place a parent into a nursing home for full-time care can often be wrought with a range of emotions, including sadness, worry, stress, and guilt. On top of those emotions, there may also be an overwhelming concern about the cost of nursing home care and how those bills are going to be paid. Will you be on the hook for your parent’s nursing home bill if he or she cannot afford it? The short answer is: probably not, but you should...
Understanding Trusts

Understanding Trusts

Have you considered that trusts may be best understood comparatively? Two broad columns of trusts are revocable and irrevocable. With very few exceptions, irrevocable trusts cannot be changed after they have been created, while revocable trusts can be restated as often as the grantor wishes.  Another axis for understanding trusts may be the type of beneficiary. A pot trust is a common trust for a group of beneficiaries who share the...
Three Tips For Choosing An Estate Planning Attorney

Three Tips For Choosing An Estate Planning Attorney

Have you decided to hire an attorney to help with your estate planning needs? If so, it can be a little overwhelming trying to decide what to do next. Here are three tips for choosing an estate planning attorney. The first of the three tips for choosing an estate planning attorney may be to identify your specific needs and goals. You may only need a simple will, power of attorney, and advanced healthcare directive. On the other hand, you may...
Using 529 Savings Plan as an Estate Planning Tool

Using 529 Savings Plan as an Estate Planning Tool

Most people think of a 529 Savings Plan as a college savings program, but did you know that it can be used for much more?  The funds can be used for college tuition, room and board, qualifying education expenses such as books and computers, and even certain elementary school, high school, and graduate school expenses.  A lesser known fact about 529 Plans is that they are also excellent estate planning tools. The beneficiaries of 529...
How Do I Choose An Estate Planning Attorney Near Me?

How Do I Choose An Estate Planning Attorney Near Me?

What is one of the first questions people ask, when the time comes to execute a will or trust? How do I choose an estate planning attorney near me? Attorneys abound and there are multiple options to locate an attorney, but perhaps the most important way to answer this question is to first consider what it is you are seeking to accomplish. Are you a single person about to head out on an adventure that would like the reassurance you have a will...