Also known as a Transfer on Death deed, a beneficiary deed is a particular type of deed that can be used to transfer ownership of real estate outside the reach of a probate court. Typically used in transactions like reverse...
The Pros and Cons of an Irrevocable Trust
April 16, 2021
If you’re thinking about creating a plan for how your estate should be handled, then you’re probably wondering whether you should create a will or a trust as part of your estate plan. While there are some definite...
How to Handle a Serious Unexpected Illness
March 31, 2021
If you’re a fan of the HBO series Succession, then you know that a serious and unexpected illness that leaves you incapacitated can spell big trouble for your family, particularly if you’re a high net worth individual....
Families with special needs children need to take extra care when making plans for their estate. When the parents of special needs children are no longer around to care for their son or daughter, their estates must play the...
Obtaining Power of Attorney for Elderly Parents
February 26, 2021
While obtaining a simple power of attorney isn’t necessarily difficult to do, it does require consideration of what’s best for you and your family. Working with a knowledgeable Springfield power of attorney elder lawyer...
7 Tips to Plan for Long-Term Elder Care
February 12, 2021
Planning for the unknown is a crucial component of any elder plan, and unfortunately, the need for long-term care can be a costly yet necessary expenditure for many aging Americans. Working with a Springfield long-term care...
Should I Create a Revocable or Irrevocable Trust?
January 29, 2021
If you’re hard at work planning for the future of your estate, you might be trying to decide between a will or a trust and could find yourself at a crossroads regarding whether your trust should be revocable or irrevocable....
Do I Need a Will or a Trust?
January 15, 2021
Planning for the day that you’re no longer here may not seem like the most positive thing to do with your time, but it’s essential if you wish to leave your loved ones with your estate and assets once you pass away....
Incorporating Charitable Giving Into Your Estate Plan
December 31, 2020
People decide to give to charities for a variety of reasons, whether it’s to honor a loved one or make good use of the wealth they acquired in their lifetime. Aside from the enormous benefits a charitable giving plan can...
Using a 1031 Exchange After a Sale
December 17, 2020
If you are gearing up to sell real estate, a business, or other investment assets, you may want to consider a 1031 exchange in order to defer taxes on these major sales and add more money to your bottom line. While you may...