We often discuss the importance of setting up trusts or writing a will early on in life in order to have all your ducks in a row, so to speak. But oftentimes there are individuals that hit their 70s and 80s without any sort of estate plan or long-term care plan in...
Real estate transactions can be extremely complicated on top of the actual act of having to find and secure a home. If something is not properly written out or filed, it can cause a lot of problems down the road. In our state, title commitments and title insurance can...
In our last post we started talking about guardianships and the various reasons an individual may need to seek one. For those that are elderly and wanting to select a guardian as part of their overall estate plan, there are some things to consider when making that...
It may not be something most people think about, but the concept of a guardianship can be very important to a person’s future. As we age, at some point we may not be able to make certain decisions for ourselves anymore due to declining mental ability. Similarly,...
When planning for retirement or developing an estate plan, one of the most common questions people have is whether there is an inheritance tax in Delaware. The answer is no. There is not an inheritance tax. However, there is an estate tax. But, the estate tax...
In our last post we started a discussion on long-term care. Many people are not aware of just how many individuals will eventually need long-term care. This type of care relates to any activities that you can currently do independently, such as running errands,...
A recent news article brought up some very important issues and concerns related to elder care. Elder care is the part of law that has to do with wills and trusts, Medicaid planning, long-term care planning and durable powers of attorney, among many other things. It...
Trusts are estate planning documents that are sometimes used to arrange for assets to be passed on after someone's death, similar to the way that a will establishes who will get what when a person dies. However, trusts can do a lot more than what a will can, allowing...
Delaware residents have likely heard the saying that the three most important things in real estate are location, location and location. While most people that have bought or sold a home are aware of the truth of this statement, they may be surprised to learn just how...
There are two types of irrevocable charitable trusts that can help protect Delaware residents and their families from estate taxes. Failing to do so can leave families in the same situation that actor James Gandolfini inadvertently did with his untimely death. Due to...