Deciding how to distribute your estate among your children can be challenging. While you may want to divide everything equally, other considerations might guide your decisions. Understanding what to consider can help you make a plan that aligns with your family’s...
Estate Planning
Common title issues when buying a home in Delaware
Buying a new home in Delaware is exciting, but it comes with its challenges, particularly regarding the property's title. A clean title is crucial for a smooth transaction. Understanding common title issues can prepare you to handle them effectively should they arise....
Advanced estate planning strategies for your complex assets
Building significant wealth often leads to a diverse portfolio of complex assets. For many, this includes business interests, real estate holdings, intellectual property and investments across multiple states or countries. Aside from representing your years of hard...
Transferring assets to qualify for Medicaid
When facing rising healthcare costs, many people wonder if they can transfer assets to family members to qualify for Medicaid. It's a common concern, especially for those wanting to ensure their family's financial stability while also securing their own healthcare...
What makes a will valid in Delaware?
Drafting a will can help you efficiently leave your wishes to your surviving family members after your death. It can also be a solid cornerstone for a comprehensive estate plan, addressing different issues you'd like to settle so your relatives no longer need to argue...
Creating an effective end-of-life care plan
Planning for the end of life can be a difficult but important process. An end-of-life care plan ensures that your family respects your wishes and provides guidance for your loved ones during a challenging time. Medical care preferences In your end-of-life care plan,...
How a dynasty trust can help you
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...
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...
