A common question posed to the team here at the Law Offices of Bonnie M. Benson, P.A. is what expenses might face one's estate upon their death. A major element of estate planning is formulating strategies to avoid these expenses. Yet most assume that they cannot...
You probably never thought twice about having insurance to cover anything happening to your home or the family SUV. It should be the same with durable powers of attorney (POA). There are two types of POAs. What are they, and what kind of benefits do they provide?...
If you are a business owner, you are undoubtedly focused on daily operations and the tasks involved with making the company increasingly successful. What happens to the business when it no longer has your guiding hand? Perhaps now is the time to consider developing a...
Individuals may prepare an estate plan at whatever time they wish. Age or finances may not affect their ability to do so. As described by the Delaware Journal of Public Health, however, the courts may apply a three-point test to determine an individual’s state of...
Creating a solid estate plan comes down to preparation. Not only should you include how you want your property handled after your death, but you should also plan for your own care. An estate plan includes more than what comes after you die. A comprehensive approach...
There are many things to consider when planning your estate. One of the more overlooked areas in estate planning is digital estate planning. You may have accumulated many digital assets in your lifetime. If you would like to share these assets with your family or...
Just because you have composed and signed your will does not mean you will never look at the document again. In fact, you may need to review your will at different points in the future. This is because life can bring many changes, perhaps even major ones that you...
While writing your will and planning out who will take care of your estate, you may also begin to think seriously about who you can choose to fulfill your wishes. Choosing a quality executor can have an important influence, so knowing what traits make for a good...
As you near retirement, you may consider relocating to a state that is not just more affordable but that is also retirement friendly. Though many of your friends and peers may prepare to head south to Florida or Texas, you may hesitate to move so far away from your...
When working on your estate plan, you likely spend most of your time determining what you want to be done with your assets and other effects after your death. But did you know, you can also plan ahead for things that may happen when you are still alive? Advance...