Unexpected and life-changing events occur that can catch you and your family off-guard and ill-prepared to deal with the circumstances. This is one of the primary reasons people create one power of attorney (POA) for healthcare and another for legal and financial...
When creating your estate plan, you should plan in advance for the day when you will need to revisit it. Matters of the estate constantly evolve along with the changes in your life, which means you should always have an idea of when to look your plan over. This means...
You spent a lot of time and energy building and improving your family business in Delaware, but you want to retire soon. Whom do you see inheriting your company and all the effort you put into it? Harvard Business Review explores the finer points of succession...
Many Americans do not go beyond a last will and testament when estate planning. However, even this can seem daunting for many people because they do not know where to start. Fortunately, it is easy to start very basically by choosing a simple will. According to...
If you are thinking about creating a trust and one of your beneficiaries receives SSI benefits, you need to understand how trusts can affect SSI eligibility. Sometimes, trusts count as resources with respect to SSI, but there are exceptions, such as special needs...
Creating a trust may be a part of your estate plans. Trusts generally fall into two different types, revocable trust and irrevocable trust. While revocable trusts can be beneficial, sometimes they do not offer the kind of asset protection that a trust creator wants....
Select audiences are largely – sometimes even avidly – interested in topics pertaining to estate planning and administration. However, younger people typically do not see estate planning topics as relevant. Vetted research into people who are in their 20s and 30s and...
If you worry about your elderly parents' developing dementia, then you may want to begin estate planning talks. When someone develops dementia, he or she may lose the ability to take care of finances or medical care. According to the CDC, dementia is a general term...
One important element of the estate planning process is optimizing those opportunities to preserve assets for one's beneficiaries. One area where Delaware residents may not believe this to be possible, however, is estate taxes. Indeed, many in the state may have...
The prospect of planning out the distribution of your estate in Delaware may seem daunting (and not simply because it forces you to face the stark reality of your own mortality). Concerning more tangible matters, you may have concerns that your decisions may offend...