» Legacy Law Center

The Changing Face of Grief

February 10th, 2016

The Internet is changing how people mourn. Is it possible that in the future we will be able to plan our own digital funerals? If you are a frequent user of Facebook or Twitter, then you have undoubtedly noticed that whenever a well-liked celebrity p… Read More

Tags: Digital Accounts, estate planning

Elderly Children Taking Care of Elderly Parents

January 28th, 2016

One of the consequences of increased life spans is that when people reach retirement age they might still have elderly parents that need to be cared for. Taking care of an elderly parent can be difficult. As people age they need more and more attenti… Read More

Tags: Elder Care, Elder Law, estate planning

ABLE Act Basics

January 27th, 2016

Families with children with special needs often have to make extraordinary efforts in their estate plans to make sure that the children are still cared for after the parents pass away. The ABLE Act makes that less necessary. Everyone who has a child… Read More

Tags: ABLE Account, estate planning, Special Needs Trust

Estate Planning Versus a Divorce Decree

January 26th, 2016

Sometimes when people are upset about specific terms of their divorce they will attempt to use estate planning to possibly get around those terms. That is usually not a good idea. When you think of all the possible things that could be ordered in a d… Read More

Tags: Divorce, estate planning, Life Insurance

Living Trust Tips

January 25th, 2016

People looking to avoid probate are often advised to create living trusts. The trusts can be excellent instruments and it is important to know what assets to put into them and what assets to leave out. Probate avoidance is an important goal in many e… Read More

Tags: Beneficiary Designations, estate planning, Living Trusts, probate

How Healthy Will Elderly Baby Boomers Be?

January 13th, 2016

The baby boomer generation is on average expected to live a lot longer than previous generations, but that does not mean they are expected to be healthier than the elderly of those previous generations. In 2030, when the last of the baby boomer gener… Read More

Tags: Advanced Health Care Directive, estate planning, power of attorney

The Real Tax to Worry About

January 11th, 2016

The federal estate tax might get most of the political headlines, but the truth is that it affects a relatively very small number of Americans. Of far more concern for most Americans is how the federal capital gains tax will impact their estates. If… Read More

Tags: Capital Gains Tax, estate planning, Estate Tax

Single Estate Planning

November 24th, 2015

People who have never been married often face more difficult estate planning decisions than people with families. For married people, the basics of who gets what after they pass away is usually fairly obvious. Most married people want the bulk of the… Read More

Tags: estate planning, General Durable Power of Attorney, Medical Power of Attorney

Have a Favorite Charity? Consider an Endowment

November 23rd, 2015

It is not easy for nonprofit organizations to secure new funding sources every year. When a regular donor passes away, the organization is often left with a desperate need to replace the funding. If you want to avoid this happening to your favorite c… Read More

Tags: Charity, Endowment, estate planning

One More Scary Halloween Story!

November 13th, 2015

A Halloween riddle for you: What's scarier than ghosts and goblins to Americans 50 and older? Answer: Their finances. That's the upshot of the latest Country Financial Security Index, and two other surveys I've seen lately back it up.… Read More

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