Some seniors don’t expect to remarry after a divorce or the death of a spouse. However, life is full of surprises. You could meet someone at any age, even during your retirement years. Many older adults bring various assets and debts into a new relationship. They might also have children from a previous marriage, one […]
The limited liability company (LLC) is a popular business structure that offers liability protection and avoidance of double taxation. Trusts are popular asset transfer vehicles that allow you to avoid probate and keep assets out of the hands of creditors. By placing LLC membership interests in a trust, business owners can combine the two types […]
There is one thing you need to understand about Estate Planning more than anything else! If you don’t create your own estate plan, you are subject to the default, expensive, generic, public, estate plan the government has already written for you! What Happens in Case of Mental Incapacity? Mental incapacity happens for a variety of […]
When most people think about estate planning tools such as power of attorney, they imagine that they are solely for people who already have children, who have significant assets, or who are nearing the end of their lives. However, you may be surprised to know that many Springdale will lawyers also recommend that college students […]
Whether you’re a single senior who lives alone or one who lives with a partner, establishing a new estate plan or modifying an existing one is essential. You might wish to leave assets to your partner that they could not get through intestate succession, or maybe you have children you want to leave your assets […]
Your key to peace of mind is being able to answer these 5 estate planning questions. Who will manage my affairs if I can’t and have the legal authority? It is a common myth that your spouse can automatically sign for you and make your decisions. This isn’t true. The law sees every person as […]
Trust A trust is a document that can accomplish many things. It keeps your family out of probate, maintains their privacy, can protect your assets, and allows you to maintain control over the assets for many years. Last Will and Testament A list of final gifts and instructions. Unlike a trust, a Will must go […]
Creating a comprehensive estate plan can protect your interests and your family’s future. When you work hard to earn a living and obtain assets, it’s natural to want to pass them down to your children or dependents when you pass away. Unfortunately, many people don’t understand how to keep their business and property intact when […]
Irrevocable trusts shouldn’t be left to languish as the years go by. In this issue, we’ll show you why and how an old or out-of-date irrevocable trust can be modified to benefit you, your clients, their spouses, or other beneficiaries. And, of course, it’s all totally legal. How Trust Modifications Benefit Your Book of Business […]
