A Special Needs Trust (SNT) is a powerful tool that enables parents or guardians to effectively manage wealth on behalf of their dependents with special needs. In this article, we will focus on First-Party Special Needs Trusts, exploring what they are and how they can benefit your loved one’s financial future.
Plan For The Road Ahead
Month: June 2023
Estate Planning for Blended Families: Achieving Fairness and Peace of Mind
Blended families are becoming increasingly common in today’s society, bringing together unique challenges when it comes to estate planning. This article outlines key steps to help you navigate the complexities and ensure fairness in asset distribution. Find out how updating your documents, fostering open communication, and seeking expert legal guidance can provide peace of mind.
Key Considerations for Choosing an Executor or Trustee
Thinking of who to choose from for your Executor of Estate? It’s an important role, and it’s even more important to choose wisely. This article lays out 4 considerations when choosing an Executor or Trustee. Call to make an appointment with Windrose Law Center to help you choose an Executor and create your estate plan today.
Common Estate Planning Mistakes and How to Avoid Them
Estate planning may seem straightforward but overlooking some critical items can lead to probate and other complications. In this article, we discuss the four most common estate planning mistakes. Not Having An Estate Plan This one should be obvious, but not having...
Understanding the Basics of Wills and Trusts: Which One is Right for You?
Confused about the difference between wills and trusts? This blog post explains the fundamentals of wills and trusts, helping you make an informed decision about which estate planning option suits your needs.
Probate Process Simplified: Navigating the Process When Everyone Agrees
if all parties agree, the probate process will still require a court process, but it may not be as stressful as you might imagine. How might this process look when parties are in agreement in a probate matter? Here are some important parts of the process.
Estate planning and retirement: Ensuring financial security in your golden years
When it comes to planning for retirement, the general rule is as soon as possible. If you haven’t started, don’t fret! There is still time to make sure that you can enjoy your retirement years to the best of your financial ability by getting started with estate planning and retirement planning.
Why it is important to set up a trust if you are a parent
Control of assets, assets protection and a Special Needs Trust, are three examples of how a trust can protect your child
The Cost of Probate
The cost of probate varies depending on several factors, including: the value of the deceased person’s assets, the complexity of the estate
and the state in which the probate occurs. One way to avoid probate costs is to create an estate plan that includes a living trust.
The 3 Reasons You Need an Estate Plan
Estate plans are NOT only for the insanely wealthy. Do you have wishes for the management of your assets? Do you desire your loved ones are taken care of after you pass away? If so, you should set up an estate plan. Its cheaper and simpler than you might think. Especially when you have a knowledgeable, professional, a customer focused law team to guide you through the process.