For individuals who establish an estate plan, a key task is deciding who to name as an estate's executor. Frequently, parents turn to an adult child to fulfill this role and all of the responsibilities that come with it. If you are named the executor of a parent's,...
Most Delaware residents know that conflicts are inevitable in families. However, those conflicts do not need to arise after a loved one has passed away and the time has come to divide the estate. Situations like this are when estate planning is invaluable. It is...
Most Delaware residents would say that their lives are busy. Going to work, taking care of daily family obligations and other tasks can occupy a significant amount of time. Therefore, when it comes to estate planning, many people make the mistake of putting it off...
Many Delaware residents have already made arrangements for the disposition of their property after death and for their care in the event that they become incapacitated. However, just because the documents are executed does not mean that they can be put away and never...
Sussex County parents who have children with special needs are often dedicated to ensuring that the children receive the care they need under any circumstances. Knowing that they will not live forever, these parents use estate planning to help ensure that the care...
When many people think of trusts, they conjure up images of wealthy families and "trust fund babies" who may never have to earn a living. However, trusts can be important parts of estate planning for people from any financial backgrounds. If a Delaware resident's...
Married couples, especially those who have children, are told they should plan for a time when they are no longer alive. This focus does an injustice to single Delaware residents. Estate planning might actually be more critical for unmarried individuals. For example,...
People spend their lives working hard to save money and accumulate wealth - whether in saving accounts, investments or material assets. For many, the goal is to have something to leave their children and grandchildren when they pass on. However, even if you have been...
Some Delaware residents might not be aware of the fact that prenuptial and post-nuptial agreements serve another function besides providing for the division of property in a divorce. These agreements can also be part of estate planning. People who marry later in life...
Many Delaware residents will need long-term care as they age. Qualifying for Medicaid benefits to help pay for that care can be problematic. Fortunately, elder law does include some estate planning tools that could help such as a Miller Trust, which is an irrevocable...