Your Last Will and Testament may be the most important legal document you create over the course of your lifetime. Your Will has the power to distribute all your assets when you are gone, determine who oversees the probate of your estate, and even let a judge know who you want to be the Guardian for your minor child if one is ever needed. Given everything your Will can do for you, it is … [Read more...] about Common Mistakes People Make When Drafting a Will
The unpleasant reality is that we all stand a good chance of needing long-term care at some point in our lives. If you fail to consider the possibility, you could face significant financial hurdles as a result should you end up in long-term care (LTC). Like many seniors, you may end up turning to Medicaid to help cover the high cost of LTC; however, qualifying for Medicaid might lead to Medicaid’s … [Read more...] about What You Need to Know about Medicaid Spend-Down
If you were recently informed that you are the Trustee of a trust and it is the first time you have served as a Trustee, you may be a little intimidated at the prospect of acting as Trustee. You might also be worried about your responsibilities and potential liability for errors. To better explain where you stand, the Port St. Lucie trust administration attorneys at Kulas Law Group explain when a … [Read more...] about If I Am a Trustee Can I Be Personally Liable for a Mistake?
If all goes well, you will be able to live out your final years in your own home; however, there is a good chance though that you (or a spouse) will end up needing the type of care that can only be found in a nursing home setting. Failing to plan ahead for that possibility could put your assets, including your retirement nest egg, at risk. The Port St. Lucie Medicaid planning attorneys at Kulas … [Read more...] about Are You Prepared to Pay for Nursing Home Care?
To create a successful estate plan that will truly accomplish everything you want it to, you will likely need to incorporate a wide range of interconnected estate planning tools and strategies into your plan. One of the most common additions to a comprehensive estate plan is a trust. There are several different categories of trusts and numerous specialized trusts within each category. If … [Read more...] about How Can I Make Sure My Beneficiaries Use Assets Wisely?
You may recognize the need to have a comprehensive estate plan in place; however, estate planning is likely somewhat of a mystery. Estate planning encompasses much more than just deciding how your estate will be distributed after you are gone. Likewise, an estate planning attorney can do much more for you than you probably realize. The Port St. Lucie estate planning attorneys at Kulas Law … [Read more...] about Estate Planning 101
One of your primary estate planning goals will probably be to ensure that you leave behind sufficient assets that your loved ones are well cared for when you are gone. You may also wish, however, to have some continued influence over your loved ones, even in your absence. The Vero Beach trust attorneys at Kulas Law Group explain how a trust can help you maintain control over the assets you gift as … [Read more...] about Can I Decide How Trust Assets Are Used?
Runoff Elections in Georgia resulted in a Senate controlled by Democrats. Could this impact your Estate Planning? It’s possible. Read on to learn more. … [Read more...] about Biden Administration Could Reduce Estate Tax Exclusion
As we begin a new year, it’s a good time to start off right. If you don’t already have an estate plan, now’s a great time to make an appointment with an estate planning attorney to get one. Read on to learn more. … [Read more...] about Starting the New Year Right
For the average person, a Last Will and Testament is the first estate planning document they create. If you are planning to execute a Will for the first time, you should spend some time thinking about what terms you want to include in your Will. To help you, the Vero Beach estate planning attorneys at Kulas Law Group offer some common questions you may wish to consider when creating your … [Read more...] about Questions to Consider When Creating Your Will