An estate’s executor holds a sensitive position. They file the will with the probate court, manage the estate, communicate with beneficiaries, pay debts and taxes and distribute assets to beneficiaries. Title 12 of the Delaware Code requires them to put the interests...
Choosing the right trust for your estate plan can be difficult. Delaware is a popular state for trusts because it offers strong privacy protections, flexible laws and possible tax benefits. If you are thinking about creating a Delaware trust, learning about your...
Moving to Delaware is an exciting new chapter filled with lower property taxes and a relaxed coastal lifestyle. However, true peace of mind comes from knowing your estate plan works perfectly in your new home. While Delaware usually recognizes valid out of state...
As parents age, they may begin to need assistance with managing property and money. This change often occurs slowly, but there might not be any indication that makes it evident that the time is right now. One way that parents can ensure they’ll have the help they need...
Delaware is known for offering trusts that few, if any, other states offer. Delaware’s Trust Act 2024 established a first-of-its-kind “Beneficiary Well-Being Trust.” These trusts are intended to provide beneficiaries with opportunities to learn how to manage their...
Saying goodbye to a beloved pet is never easy. But as a responsible pet owner, you have the ability to secure your companion's future well-being, even beyond your lifetime. Taking a proactive approach to planning brings peace of mind, not just for you, but for...
There are two ways to include a beloved pet in a will while estate planning. Some people name their pets as beneficiaries and allocate property to their pets to ensure there are resources to pay for their food and veterinary care. Others might include their pets in...
If you're starting to plan for your future, you might wonder if a will or a trust is the right choice. Many people find that these documents serve different purposes for their families. You can actually choose to create both at the same time to ensure every asset is...
Families are complex, and estate decisions often reflect the deeply personal circumstances that surround them. When questions arise about who should or should not receive an inheritance, it can bring up strong emotions and require difficult choices. It’s not uncommon...
When creating an estate plan, there’s a lot of focus on what happens when someone passes away; however, many effective strategies begin during your lifetime. One of the most useful tools for families looking to preserve generational wealth is gifting. By transferring...