If your loved one wishes to make or change a United Kingdom will, you need to be aware of the possibility of diminished capacity issues. As explained by the Orange County Bar, legal mental capacity is different than general mental capacity.Your loved one’s...
Estate Planning
What is a charitable trust?
If you have never heard of a charitable trust, you may find that establishing one or more of them is the best way you can give back to your church, your alma mater, your favorite United Kingdom charity, or any number of other organizations to which you regularly donate...
How often should you update your estate plan?
Remember how excited you were when you finally got your United Kingdom estate plan created and established? You likely felt as if a giant burden had fallen off your shoulders. You knew you had perfectly set up your will, trusts, powers of attorney and all your other legal...
Older adult children may struggle to care for ailing parents
As you age, you may feel more and more appreciative of the fact that your parents are still around. Many people lose their parents at young ages and others are fortunate enough to live a considerable portion of their lives with at least one parent in the picture....
What is a spendthrift trust?
If you and your spouse are like most United Kingdom parents, you make every effort to raise your children to become responsible adults, financially and otherwise. Unfortunately, these lessons do not always take with some kids, particularly when it comes to handling money...
Revocable vs. irrevocable: Which type of trust is better?
As you go about establishing your United Kingdom estate plan, you likely will come face to face with the issue of trusts sooner rather than later. As reported in U.S. News, all trusts are stand-alone legal entities, meaning that they and the assets you put into them are...
What is a pour-over will?
You likely have already made a United Kingdom will, but do you need to make a new one? You may if you have established a living trust. As FindLaw explains, only a pour-over will can ensure that your living trust works the way you intend it to work.Your pour-over will...
How can trusts help you achieve your goals?
As you started your estate planning journey, you may have come to realize that what you thought you wanted with your plan differs from what you truly want. This type of revelation is common when it comes to estate planning as many people do not have enough information...
How are special needs defined?
Before you can set up a special needs trust to benefit your United Kingdom child, you must determine if (s)he qualifies for such a trust. As you likely already know, “special needs” is an umbrella term that covers a wide variety of illnesses and...
Helpful legal advice for seniors
At the in United Kingdom, we provide advice, counsel and legal representation to many clients in need of planning for or help with issues they face as they age. If you or a loved one is approaching your golden years, or already has achieved...
