Estate Planning as a Business Owner
A business owner’s estate plan, no matter how complex, can be implemented any time before death, so long as the testator is still legally competent (“sound minded”, including that they understand the nature of making a will, the extent of his/her property, and know who would be considered the natural object of his/her bounty, etc.). Regardless, […]
Year End Planning Tip – Check Your Estate Planning Documents
With the end of the year fast approaching, now is the time to fine tune your estate plan before you get caught up in the chaos of the holiday season. One area that married couples should revisit is their estate planning documents.
What happens to your LLC when you die? Does it die too?
So, you’ve worked hard to build your business, protected your personal assets within the corporate veil of an Alabama LLC, and executed the “big three” estate planning documents (Will, Durable Power of Attorney, and Advanced Healthcare Directive) to plan for your death. That’s great, those are some really good steps toward securing your legacy. But […]
Do You have a potential Will Contest?
In modern America, estate and trust disputes, including will contest are getting more common. There are likely many socioeconomic reasons for the rise in incidence, but as the baby boomer generation ages it is something many families and beneficiaries will need to address either before or after the passing of a loved one.
Five Myths About Medicaid’s Long-Term Care Coverage
While Medicare gets most of the news coverage, Medicaid still remains a bit of mystery to many people. The fact is that Medicaid is the largest source for funding nursing home care, but there are many myths about exactly who qualifies for it and what coverage it provides. Here are five myths followed by […]
