Trusts have various uses. Some trusts are created for tax planning, others protect assets should the individual need nursing home or home care and still others protect people with special needs. Trusts may be testamentary trusts – trusts set up through your will – or living trusts – trusts set up while you are alive. … Continue reading “Should You Trust in a Trust?”
Category: probate
Five Biggest Mistakes Seniors Make With Their Legal Documents
On Monday, May 16th at 1:30PM at Shelter Rock Public Library, Pfeifer will speak about avoiding the five most common mistakes seniors make with their elder law, long-term care planning legal documents and advance directives. This program will explain: (1) common misunderstandings about Living Wills and Last Wills; (2) why advance directives are needed in a medical … Continue reading “Five Biggest Mistakes Seniors Make With Their Legal Documents”
Five Major Mistakes That People Make regarding Their Estate Plans
Doing Nothing John and Mary were happily married for 30 years. John loved Mary very much and he intended to draw up a Last Will and Testament. Unfortunately, he never got around to it and passed away without having one. John had an account in his sole name worth $300,000. If John had had a … Continue reading “Five Major Mistakes That People Make regarding Their Estate Plans”
