How Will Getting a Divorce Affect My Estate Planning
Getting a divorce is never an easy process; it is emotional and stressful for all involved. For younger couples, children and family estate planning are likely a top concern. For older couples, long-term care, retirement plans, and inherited assets may be more significant concerns to think about. Keep reading for some things to consider about […]
Estate Planning for Couples with an Age Gap
For couples who get together and are of similar ages, planning for the future is usually a joint effort. Couples who have a significant age gap may have different plans for the future, however. If you are married to someone who is significantly older or younger than you, the future may look different and require […]
Revocable Trusts vs. Irrevocable Trusts
There are many different types of trusts for estate planning purposes. The most common trust types are revocable and irrevocable trusts, and many people wonder if they need one or both to be protected. While there are some similar features, these two major categories of trusts carry different purposes in your estate plan. Both can […]
Estate Planning During a Pandemic
Whether you are young or old, COVID-19 has us all thinking about our mortality and health more these days. This pandemic took us all by surprise, did you have your affairs in order before? According to one study, approximately 1/3 of all Americans did not have an up-to-date estate plan as of 2017. We expect […]
Should I Add My Kids to My Bank Account?
Many clients walk into Michaelson Law saying that they want to leave their bank accounts to their children after death. The easiest solution might be to just make the children joint owners, but that is not always the best course of action. Risks of Joint Ownership The idea of making your kids joint […]
John Michaelson Talks Estate Planning on Channel 13 Morning Blend
Did you catch Michaelson Law on Channel 13, Las Vegas Morning Blend? John Michaelson had the opportunity to speak more about estate planning and the importance of estate planning in Nevada. Some key takeaways from John’s interview include the following: Estate planning is important for people of all ages. Estate planning consists of saying what you want […]
COVID-19 Panic Has Americans of All Ages Thinking About Estate Planning
The COVID-19 virus has taken over our lives and many people are thinking about how they and their families are protected. With more people getting sick and experiencing the loss of loved ones, there has been an explosion in the numbers of Americans rushing to make their will and living trust. According to Caring.com, the […]
New Law Makes it Easy to Report Elder Financial Abuse
The Economic Growth, Regulatory Relief, and Consumer Protection Act was signed into law on May 24, 2018. There are a few important factors of the Act to keep in mind: There is a section in the Act that was once a stand-alone bill from Sen. Susan Collins (R-Maine)– designed to encourage elder (age 65 and […]
