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 […]
When Is Guardianship of an Elderly Parent Needed?
When people think of guardianship, they often think about children or disabled adults who need care. However, guardianship of an elderly or aging adult, is also fairly common. While the process is similar, there are some distinct differences between adult guardianships and minor guardianships. Additionally, the legal guardianship process can be complex. At Michaelson Law, […]
Estate Planning or Elder Law: What Do You Need?
As you get older and begin to plan for living life in retirement, you may hear the terms “estate planning” and “elder law” brought up regularly. There are some clear differences between estate planning and elder law, but they also have some important similarities. Even though these two types of law are technically utilized for […]
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 […]
Reduce Your Risk of Probate Litigation
There are many family circumstances that can increase the risk of probate litigation when someone passes. They all come down to basically the same fight: families disagreeing on how to handle the estate of a loved one who dies. High-risk factors that often bring about probate litigation can include sibling rivalry, a large estate, second […]
When to Talk About Your Parent’s Financial Future
Finances is one of those topics that many families avoid talking about. The stigma around talking about money can leave many wondering what to do as our parents get older. But financial experts agree that waiting to talk about finances with your aging parent is a mistake, especially if they are already experiencing cognitive decline […]
Estate Planning and the Special Needs Trust
When it comes to estate planning, trusts are often a popular legal tool to make plans and protect assets. For families who have children or loved ones with disabilities, Special Needs Trusts are vital for good legal plans. There are many benefits to planning ahead and preparing your children and loved ones for the future. […]
What to Know About Contesting a Will
After the death of a loved one, how they prepared and what estate planning they did becomes apparent quickly. When a loved one dies with a will in place, the family may not agree on its contents. Wills typically go through a court-ordered process, called probate, to determine their validity. For many reasons, beneficiaries can […]
