Contact us now
(805) 485-0002

Category: Probate Law

Helping Your Widowed Parent Organize Their Properties

The loss of a loved one can be ravaging, particularly when it is a parent. In order to help your elderly moms and dad handle the passing of his or her spouse, it is important to assist them have their legal and monetary obligations in order. Towson elder care legal representatives have you covered. What […]

Read More

What Brand-new Moms And Dads Required to Understand About Wills

Every parent must have an understanding of how will work and why one is required. Over half of all United States citizens have no will or any preparation for the next generation of successors, and this might leave state processes passing on assets. The Requirement for a Will Explained Any difficulty to a will might […]

Read More

Deceased Household Members, Debts, and Financial Institutions: 3 Typical Concerns

Concern 1: What takes place to a deceased person’s debts?There are numerous possibilities. Once an individual dies somebody will need to handle the property left. That person, referred to as an administrator or personal representative, is appointed by a probate court, though the deceased person can choose who serves in that position by nominating someone […]

Read More

Caretaker Agreements

Lots of people are working as caretakers to aging member of the family. In such cases it is sensible to consider having actually a written caretaker contract in location. Lots of relative spend numerous hours a week offering take care of an elderly relative without understanding that being compensated for that care can be a […]

Read More

Medicaid Planning Terms

Medicaid is a joint federal and state, need-based program that is often needed by elderly people to spend for the catastrophic expenses of retirement home expenditures. Medicaid planning involves methods utilized to preserve possessions while establishing or keeping eligibility for Medicaid. There are terms that are used within the Medicaid system and Medicaid planning that […]

Read More

Date of Death Values– How to Determine What a Decedent’s Assets Are Worth

When a person dies, his or her estate should go through the legal procedure called probate. Throughout probate, properties of the estate are inventoried. Financial institutions are paid, and the remaining assets are moved to recipients or beneficiaries of the estate. As part of this procedure, all properties should be valued. The value of the […]

Read More

Estate Planning Guide When Lawfully Separating

In some circumstances, a couple might choose to separate lawfully, instead of divorcing. While a legal separation contains really similar provisions to a divorce there are specific estate planning issues that lawfully separated couples have actually that a divorced couple does not. It’s essential to speak to your estate planning attorney if you plan on […]

Read More

Why It is necessary to Factor Long-Term Care into Your Estate Plan

When producing an estate plan, it is important to consist of and think about long-lasting care as part of this. This is important when later in life the estate owner falls ill or can not look after himself or herself, and the element of long-term care into the estate plan may extend his or her […]

Read More

Fiscal Cliff Crisis Avoided? Estate Taxes in 2013

In 2012, with the feared “Fiscal Cliff” looming, lots of were fretted about the inactiveness that would trigger the estate tax exemption level to fall to $1 million. In the first 2 days of the new year, Congress finally passed the American Taxpayer Relief Act of 2012 (ATRA) which makes long-term the $5 million exemption […]

Read More

Estate Planning – Estate Taxes And How To Minimize Them

This summary of estate planning demonstrates how you can reduce your estate taxes and also sneak peeks the changes to the estate taxes that are set up to take effect in the years 2009, 2010 and 2011. Trusts are an useful tool for estate planning legal representatives to reduce probate expenditures and estate taxes for […]

Read More