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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

Should You Take Social Security Benefits at Age 62?

By: Nick Leydorf

An 8.7% cost-of-living adjustment for 2023 will provide Social Security beneficiaries with the biggest boost in four decades.

Posted on: February 6, 2023 | Elder Law Estate Planning News

Can I Benefit Sleep by Changing Eating Habits?

By: Nick Leydorf

Restful sleep is important to every human. If you’ve ever tended to a newborn or gotten up repeatedly in the night with caregiving duties, you know what a luxury a good night’s sleep is—and how tough it can be to achieve.

Posted on: January 27, 2023 | Estate Planning

Some Dementia Warning Signs May Appear Years in Advance

By: Nick Leydorf

As we grow older, many of us fear the possibility that we could be diagnosed with dementia. Few things are more frightening than the thought of losing our independence to this progressive disease. Researchers at the University of Cambridge now say signs of dementia may appear up to nine years in advance of when the illness is typically diagnosed.

Posted on: January 26, 2023 | Estate Planning

What Is Needed in Estate Plan Besides a Will?

By: Nick Leydorf

One reason for having a will is to make sure your wishes are carried out. If you die “intestate” (without a will), your assets will be distributed by state law, not by your desires.

Posted on: January 25, 2023 | Estate Planning

Can I Protect My Family after Death?

By: Nick Leydorf

The future is uncertain. However, you can ensure that your family and loved ones are taken care of with estate planning. Estate planning is a critical component of financial planning for the future.

Posted on: January 24, 2023 | Estate Planning

These Celebrities Didn’t have Wills…But You Should

By: Nick Leydorf

When the rapper Coolio died in September, he joined a group of notables that includes Prince, Howard Hughes and Pablo Picasso—all of whom died without specifying who should inherit their money and estate.

Posted on: January 23, 2023 | Estate Planning

What was So Unusual About Michigan Mayor’s Will?

By: Nick Leydorf

Estate planning is an important, if unpleasant, part of life. It is suggested that people look at their plans at least once a year and update them when there are significant changes in life; such as divorce, the death of a loved one, or the birth of a child. The suggestion also works if there has been a fight within a family and the one leaving the estate would prefer to choose a new heir.

Posted on: January 20, 2023 | Estate Planning

Who Were the 119 Heirs to a Chicago Man’s $11 Million Estate?

By: Nick Leydorf

It turns out it’s not just in the movies that you can get a huge inheritance from that uncle you never knew about.

Posted on: January 19, 2023 | Estate Planning

Beneficiary Mistakes to Avoid

By: Nick Leydorf

elder couple working on protecting their assets

Before making a decision on a beneficiary, it's very important to check your state laws. Some states have different rules on who you can name as a beneficiary.

Posted on: January 18, 2023 | Estate Planning