A dynasty trust, also known as a perpetual trust, is one way for older individuals to pass on wealth to many future generations. It can offer various advantages because of its unique timeline. When you are mapping out your estate plan, a dynasty trust can supplement...
Estate Planning
Is a gift or inheritance better for your loved ones?
When planning the distribution of your assets, you may wonder whether to give property to your loved ones or let them inherit it through your estate plan. Both approaches have advantages and disadvantages. However, a few considerations can help you make an informed...
How do conservation easements impact real estate?
Conservation easements in Delaware help protect natural resources and open spaces. These legal agreements between landowners and conservation groups limit certain types of development to protect the environment. What are conservation easements? Conservation easements...
Trusts are not only for the ultra-wealthy
It is a common misconception that a trust is only useful for the wealthy. While this tool does deal with the transfer of assets and wealth, a trust can be an essential component of estate planning for anyone. There are many types of trusts that are accessible to many...
Legal implications of reverse mortgages in Delaware
In Delaware, reverse mortgages offer a unique way for seniors to manage their finances as they age. The financial tool allows homeowners over the age of 62 to convert part of the equity in their home into cash, which they can use for various expenses, without the...
Signs you should seek guardianship for your parents
Deciding to seek guardianship for your parents is a challenging and emotional decision. Recognizing the signs that it might be necessary can help you make the best choice for their well-being and safety. Cognitive decline One of the most common signs is noticeable...
Buying a second home in Delaware: What you need to know
Dreaming of a second home getaway in Delaware? Whether it's for vacations or investments, there are essential factors to ponder before taking the plunge into real estate ownership. Location matters Choose a location that aligns with your goals, whether it's proximity...
What are your options for resolving title defects?
When you purchase a property, you expect everything to be in order. However, title defects can arise sometimes, causing major complications during your transaction. Title defects can include issues such as unpaid taxes, undisclosed heirs or even mistakes in public...
Are you prepared for health care emergencies?
When it comes to estate planning, asset distribution tools like wills and trusts immediately come to mind. However, there are also other tools that are equally important but often overlooked, like living wills and advance health care directives. Imagine a scenario...
Signs you need to talk to your parents about guardianship
Discussing guardianship with your parents can be a sensitive but necessary conversation. Recognizing the signs that they may need assistance can help ensure their well-being and safety. Decline in physical health If you notice that your parents are struggling with...
