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September 2016 Archives

Going beyond a will in estate planning

Most Delaware residents are aware that they need a will in order to ensure that their assets are distributed in accordance with their wishes. However, in many cases, minimal estate planning (just a will) might not be enough to make sure that surviving family members are properly cared for after death. The structure of an estate plan largely depends on the people who will be receiving an inheritance.

Is your online presence accounted for in your estate planning?

In days of yore (for purposes of this blog post, let's just call such a time the period before personal computers), many of our readers in Delaware and elsewhere likely had a box or cabinet stuffed full of documents, pictures and other personally important data sitting unobtrusively in a corner closet.

Estate planning for college students

Even though it can be difficult for many Delaware parents to think of their children as adults after they reach the age of majority, in the eyes of the law, they are adults. This comes with certain shifts in the legal rights of parents. College students -- frankly, anyone age 18 or older -- needs to engage in at least basic estate planning since most of them are now solely, legally responsible for their finances, health and assets.

How elder law can help prepare to take care of an elderly parent

Many Delaware residents are facing the possibility of caring for an aging parent. Even though it would be wise to prepare for this eventuality, many people fail to take advantage of what elder law can do for them and their loved ones. Fortunately, it is never too late to start making the appropriate preparations.

Getting married for a second time? Estate planning is essential

Delaware residents who are getting married for the second time have numerous financial issues to consider. Outside of the day-to-day money matters facing any married couple, those who are remarrying need to consider estate planning to ensure that each person's loved ones are provided for in the manner in which they desire. One of the reasons why this is so important is due to the surviving spouse's right to take an "elective share" of the decedent's estate no matter what his or her will says.

Carrying Out A Loved One's Wishes

For individuals who establish an estate plan, a key task is deciding who to name as an estate's executor. Frequently, parents turn to an adult child to fulfill this role and all of the responsibilities that come with it. If you are named the executor of a parent's, friend's or other relative's estate; it's important to fully understand what that means as well as the specific duties you will be expected to carry out and complete.

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Camden Office
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Camden, DE 19934

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