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June 2016 Archives

Prenuptial and postnuptial agreements as part of estate planning

Some Delaware residents might not be aware of the fact that prenuptial and post-nuptial agreements serve another function besides providing for the division of property in a divorce. These agreements can also be part of estate planning. People who marry later in life -- or for the second time -- might already have separate property that they want to ensure will be inherited by someone other than their new spouses.

Elder Law issues: What is a Miller Trust and do you need one?

Many Delaware residents will need long-term care as they age. Qualifying for Medicaid benefits to help pay for that care can be problematic. Fortunately, elder law does include some estate planning tools that could help such as a Miller Trust, which is an irrevocable qualified income trust.

Estate planning can account for the payment of debts

More Delaware residents are passing away thousands of dollars in debt than in decades past. This could cause many people to want to account for the payment of their debts after their deaths. Estate planning could help them to determine the best way to ensure that their loved ones receive as much of their inheritance as possible.

Delaware residents might consider estate planning this summer

It is summer time, which for many Delaware residents means that life is going at a slightly slower pace since their children are out of school. This might provide parents with the time they need to handle some neglected personal business -- estate planning. It might not be as fun as planning a family vacation, but it is essential.

Assets are not always divided equally in estate planning

Every Delaware family is unique. This means that any estate planning done by individuals needs to be tailored to the particular circumstances of each family. In many cases, this could mean that assets are not going to be divided equally among heirs and beneficiaries.

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Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
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33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
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