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Before hiring an estate planning attorney, ask yourself the following questions: What is your personal situation? Does your situation require a specialized attorney? Will you be more satisfied with an attorney with another specialty? Although all attorneys are required to pass the bar exam to practice law in their state,...

One of the main purposes of real estate law is to protect the integrity of property ownership. The law applies to all aspects of buying, selling, and leasing of residential properties, as well as to the rules surrounding non-owner use of real estate. It governs both voluntary and involuntary transfers...

A special needs trust is a legal document that protects an individual with a disability. In this example, Mrs. Jones, who lives in a nursing home, transfers assets to her daughter, Jane. She does this to protect Jane and to qualify her for Medicaid. By transferring her assets to a...

When you have the time, you may wonder: Can I do estate planning myself? The truth is that you don’t have to be an attorney to create an estate plan. While the process may seem complicated, it is not. If you’re not an attorney, you may have to hire someone...

Whether or not a person is disabled or not, a special needs trust can be beneficial to them. While not all government benefits require a trust, those that are means-tested are likely to. Medicaid, for example, has a limit of $2,000, and all assets above that amount must go into...

A trust lawyer will help you create a will or other legal document that directs the distribution of your assets after you pass away. A trust lawyer will also draft the proper documents to protect your assets from lawsuits, taxes, and other concerns. These professionals are trained to make sure...

There are many resources to help you find a trust and wills attorney, and the internet is a great place to start your search. You can ask friends or family for recommendations, or contact your state bar association. Check out their Web site to see if they have a member...

When the beneficiary of a special needs trust passes away, what happens to their assets? There are several different options, but all involve taxes. First, a SNT may be funded by a third party, such as a parent or relative. If not, a third party can fund it on its...

There are many forms of asset protection, including irrevocable trusts, family limited partnerships, and limited liability companies. Asset protection is a very important aspect of any business, and can help protect your assets from creditors, lawsuits, and legal proceedings. Identifying your current situation and future goals will help you decide...

There are many reasons why you might want to know how to set up a special needs trust for your child. Perhaps you have concerns about the financial cost, or you are uncertain about the role each person will play in your child’s life. Whatever the reason, these documents can...

People may be concerned about the financial aspects of personal injury settlements. Personal injury settlements can also pay for medical bills and other expenses. When you receive an accident settlement, it is important to plan your estate. Name the person who will be able to manage your accounts and disperse your property upon...

Special needs trusts (SNTs) are important because they allow a disabled person to keep their assets in a trust for their benefit. These trusts are also necessary because disabled people cannot manage their finances on their own and need to receive help. An SNT helps keep the assets out of...