Blended families often face unique challenges when it comes to estate planning. Ensuring that all family members receive protection requires careful consideration and specific planning. Balancing interests of biological and stepchildren Estate planning for blended...
Ownership transfers: Traditional purchases vs. conditional sales
Timing is everything, whether you’re buying or selling a home. It's not just about knowing when you get the keys – it's about understanding all the responsibilities and rights that come with homeownership and when exactly they kick in. What if you're buying a house,...
The advantages of putting your home in a trust
As a high-net-worth individual in Delaware, you've worked hard to build wealth and create a comfortable life for yourself and your loved ones. But have you stopped to think about what would happen to your home if something unexpected happened to you? In this blog,...
How do life estate deeds impact Medicaid eligibility?
Life estate deeds are a popular estate planning tool that allows property owners to retain certain rights to their property while transferring future ownership to beneficiaries. This planning option can have significant implications for Medicaid eligibility,...
How do elder care agreements work and why do they matter?
Elder care agreements help manage the caregiving needs of aging family members. These legal contracts outline the services a caregiver will provide and establish a clear payment structure. By documenting caregiving responsibilities, elder care agreements protect both...
How can reverse mortgages benefit elderly homeowners?
A reverse mortgage can be a powerful tool for elderly homeowners looking to supplement their retirement income. It allows homeowners aged 62 or older to convert a portion of their home equity into cash, without having to sell the house or make monthly mortgage...
How Camden’s historical district designation impacts your property sale
Steeped in history dating back to the late 18th century, Camden proudly features multiple neighborhoods designated as historical districts. This designation presents both opportunities and challenges for property owners, potentially enhancing home value while imposing...
Challenging a power of attorney
A power of attorney (POA) is a legal document that allows someone to act on your behalf, typically in financial or medical matters. While it can provide peace of mind for many, there are situations where a POA may no longer reflect your wishes. The rigidity of POA It...
Buying a smart home that can help you in your later years
As you consider enhancing the quality of your retirement through technology, purchasing a smart home in Delaware can be a transformative step. Here's how to buy a smart home with the latest technology and what legal aspects you need to consider. Finding the right...
How does a family trust affect business ownership and taxes?
Transferring business ownership through a family trust can offer benefits, but it also comes with tax implications. Understanding these can help business owners make informed decisions and plan for the future effectively. Gift taxes and exemptions When transferring...