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Why Estate Planning Matters for Baby Boomers’ Senior Living Accommodations

Why Estate Planning Matters for Baby Boomers’ Senior Living Accommodations

POSTED ON: April 12, 2024 BY: The Werner Law Firm, PC
Strategies like living trusts and irrevocable trusts help baby boomers protect wealth, support independence and senior residence preferences, and plan for Medicaid approval requirements.
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Can Estate Planning Address ‘Third Generation Curse’

Can Estate Planning Address ‘Third Generation Curse?’

POSTED ON: April 11, 2024 BY: The Werner Law Firm, PC
Thorough communication with heirs about values and various elements of your estate plan could help younger generations better manage their inherited wealth.
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Estate Planning for a Taxing Inheritance

Estate Planning for a Taxing Inheritance

POSTED ON: April 10, 2024 BY: The Werner Law Firm, PC
Inheriting a pre-tax IRA may be less beneficial than the parent intends.
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Would Your Family Benefit from a Living Trust?

Would Your Family Benefit from a Living Trust?

POSTED ON: April 9, 2024 BY: The Werner Law Firm, PC
Living trusts avoid the costs and time associated with the probate process. They’re also private documents, unlike wills filed with courts. They can be more easily amended as circumstances change.
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Do Not Neglect Digital Estate Planning

Do Not Neglect Digital Estate Planning

POSTED ON: April 8, 2024 BY: The Werner Law Firm, PC
If you don’t have a written plan in place, all sorts of things could snowball, starting with your heirs or caretakers not having log-in credentials to access your online accounts.
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What Is the Purpose of a Living Trust?

What Is the Purpose of a Living Trust?

POSTED ON: April 5, 2024 BY: The Werner Law Firm, PC
A living trust (also called a revocable trust or revocable living trust) can be beneficial to a much broader group of Americans than most people expect.
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When was Your Last Estate Plan Check-Up?

When was Your Last Estate Plan Check-Up?

POSTED ON: April 4, 2024 BY: The Werner Law Firm, PC
Like your preventive doctor visits, you should regularly check in on your estate plan to ensure that it’s in good shape for when it’s needed.
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Do I Need a Will?

Do I Need a Will?

POSTED ON: April 3, 2024 BY: The Werner Law Firm, PC
A will can distribute any and all assets that the decedent had rights to.
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Is a Power of Attorney Really Necessary

Is a Power of Attorney Really Necessary?

POSTED ON: April 2, 2024 BY: The Werner Law Firm, PC
A document usually included in an estate planning package is a financial power of attorney. What is a financial power of attorney?
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How a Teen's $250,000 Inheritance Vanished: Protect Your Heirs with a Trust

How a Teen's $250,000 Inheritance Vanished: Protect Your Heirs with a Trust

POSTED ON: April 1, 2024 BY: The Werner Law Firm, PC
Learn from a teen's loss of a $250K inheritance and discover how inheritance trusts can protect and guide your family's future financial decisions.
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