What is Elder Law?

As America ages, information and protection in the field of gerontology has become increasingly popular and important segment of the legal field. The subject encompasses a wide range of financial, health, and estate related services that arise in the Golden Years. With the right professional to guide and inform you, it truly can be the best years of your life. There are many subjects under the umbrella of elder law and here’s a quick look. Medical, Health and Insurance The wide-ranging scope of elder law includes interpreting complicated questions regarding social security, Medicare, Medicaid and other health insurance benefits. Also,...

What is Estate Planning?

Most people consider estate planning a legal process for the wealthy, but the fact is that everyone needs an estate directive. Regardless of wealth, everyone has certain issues that could arise in the event of a timely event. It is important that everyone is prepared in the case of a tragedy, and having a valid will and legal directive in place can solve many of the uncertainties. When individuals die unexpectedly intestate, which is the legal term for passing away without a will, the individual’s assets and liabilities are divided according to state law. This includes everything from placing minor...

Do I Need An Attorney For A Trust Administration?

“Do I need an attorney for a trust administration?”  That depends. If you are asking whether you are required to have an attorney in order to administer a trust, the answer is “no”. On the other hand, if you are asking whether it is in your best interest to have an attorney guiding you through the trust administration process, the answer is an emphatic “yes”! With all of the responsibilities and duties a trustee has, it is to your great benefit to have an experienced attorney guiding you through the process. In addition to protecting your legal rights, working with...

Understanding The Benefits Of A Revocable Living Trust

Of the instruments available to avoid probate, the revocable living trust is perhaps the best and most flexible option available. You may wonder what about a trust makes it special? The answer is very simple. A normal will substitute is a single account, and doesn’t have the flexibility of a trust. A single account like a life insurance policy or a 401k is like a box; it can only contain the assets within its interior walls. A trust is more like an umbrella that can extend to cover all of the boxes you can possibly collect.  A trust can cover all of the life insurance...