Title records help clarify who owns real property. They also create an official record of liens, mortgages and easements. Official title records reduce the risk of fraud during real estate transactions and help protect outside parties, such as mortgage lenders and...
When you create an estate plan, you’re building a roadmap for how your property, finances, and personal wishes will be handled in the future. Having the right documents in place ensures your loved ones can carry out your instructions without confusion or conflict. A...
If you own pieces of art or significant collections of some kind, then thinking carefully about how to treat them in your estate plan is essential, especially if they are valuable. Distributing them as if they were just another asset could lead to damage or a loss in...
There’s something deeply meaningful about the idea of leaving behind more than just material possessions. And for many, it’s important to create a legacy that reflects who they are, what they stood for and the causes that mattered most throughout their lives. Whether...
In Delaware, you or a family member can apply for the Medicaid Nursing Facility Program to receive medical assistance and care. If you are interested in applying, learning the eligibility requirements can make a difference in your application. Here are three factors...
Creating your estate plan comes with many decisions. Some of these are centered around who’s going to receive your assets when you pass away. You can do this through your will, or you can use a trust as the vehicle for getting assets to your beneficiaries. One type of...
Delaware is one of the relatively few states where people can establish a true “silent” trust. These are also sometimes known as “quiet” or “confidential” trusts. That’s because the beneficiary doesn’t have to be notified of the existence of the trust until a specific...
Heirlooms often carry more emotional weight than monetary value. Even a small keepsake can spark unexpected family conflict because of its sentimental importance. If you’ve ever wondered whether your estate plan should cover photos, letters or other emotionally...
You’ve found the perfect home in Delaware. You negotiated the price, your mortgage was pre-approved and you were already picturing your life there. Then the appraisal report arrives, and the value is significantly lower than your offer. Is the deal automatically off...
Some people may hope that their estate plan gives one or two people a nasty surprise. For instance, someone who learns that their spouse has cheated on them may never say a word, but instead try to ensure that the unfaithful spouse gets as little as legally possible....