Although they are often used interchangeably, disabilities and special needs have different meanings. Disability is a legal term referring to a physical or mental impairment substantially limiting one or more major life activities. Special needs is a more general term…
When a dispute arises during the probate process, the legal process of administering the estate of a deceased person, it is called probate litigation. When someone passes away, their assets and debts must be settled and distributed according to their…
The use of tax avoidance principles while transferring wealth is a smart way to protect your heirs from excessive taxes. Still, it requires careful planning and oversight to ensure techniques don’t cross the line to tax evasion. Assessing tax options…
An estate plan involves distributing property and money after a loved one dies. Though many people are familiar with wills as a means of distributing assets, trusts can be even more effective. A trust is a legal arrangement where a…
An integral part of philanthropy has always been charitable giving. People enjoy making meaningful contributions to causes that are close to their hearts. For those who wish to support charitable organizations while also benefiting from tax advantages and income streams,…
Travel by people with disabilities is referred to as “accessible travel” and “disabled travel” in recent years. People with disabilities simply refer to travel as “accessible travel” or “disabled travel”. There is a lot to consider when traveling with a…
As federal and state laws change, estate planning is becoming more dynamic to efficiently manage and disperse a person’s estate. These laws affect estate planning tax, trust, and charitable strategies, and the higher your net worth, the more critical it…
Power of attorney is an essential tool when you are preparing for a day when you will be incapacitated and a trusted agent will need to handle your affairs on your behalf. These legal documents can grant broad authority to…
In estate planning, special needs children require special consideration. You’ll need to assess how your child will be able to function in the world as they age. There are many questions to answer, including: What is the child’s long-term prognosis…
As a general rule, parents treat their children’s inheritance equally, whether it’s property or money. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that…