Estate planning is an essential tool to help reduce the tax burden on your estate after your death. By setting up the right structure in advance, you can preserve more of your wealth for your heirs. Minimizing estate taxes through trusts One of the most effective...
Land Use & Zoning
How do you handle taxes after losing a loved one?
The legal and financial aftermath of losing a loved one often arrives before you have had time to process your loss. Tax obligations, in particular, emerge with unforgiving deadlines and complex requirements – creating a challenging time for those grieving. What the...
What does a home appraisal include?
Whether you're buying or selling a home, the appraisal plays a major role. It helps determine the property's fair market value, which lenders use to confirm the loan amount is appropriate. Knowing what the process includes can help you avoid surprises. Exterior and...
Five clauses to review before signing a purchase agreement
When you're buying a home, a purchase agreement sets the stage for the entire property transaction. Also known as a residential purchase and sale agreement, this legal contract spells out the vital details: how much you're paying, how you'll pay, any conditions that...
What unmarried couples should include in their estate plans
Unmarried couples in Delaware face unique challenges when planning for the future. Without a legal marriage, partners do not automatically receive the same rights and protections as married couples. An estate plan can help secure a partner’s financial and personal...
What is a dynasty trust and how can it benefit your estate plan?
Have you ever wondered how to protect your family's wealth for generations to come? A dynasty trust might be the answer you are looking for. This powerful estate planning tool can help you preserve your assets and provide for your descendants long after you are gone....
What is the difference between guardianship and power of attorney?
Guardianship and power of attorney (POA) are two legal tools that help manage the affairs of individuals who cannot do so themselves. While both allow someone to make decisions on behalf of another person, they serve different purposes and involve different legal...
What is an advance directive, and why do you need one?
Planning for the future includes making decisions about your healthcare in case you can't communicate your wishes. An advance directive helps ensure your preferences are honored. In Delaware, having one can prevent uncertainty for loved ones and medical providers....
How does a Delaware Asset Protection Trust work?
A Delaware Asset Protection Trust (DAPT) provides strong legal protections for individuals who want to shield their wealth from creditors. Delaware leads in trust law because it allows individuals to control their assets while securing them from financial threats....
Top considerations for buying a second home in Delaware
Are you dreaming of a second home in Delaware? Delaware offers scenic beauty, favorable tax laws and a welcoming community whether you’re considering buying a second home for travel, retirement or investment. However, purchasing a second home is a significant decision...
