Are you already saving money for your retirement? Are you disciplined with your savings and careful with how you invest those savings? Is all of that part of a larger plan to ensure that you have amassed a sufficient retirement nest egg to live comfortably during your “Golden Years?” If so, then you undoubtedly would not want something to threaten your plan, or more specifically your retirement nest egg. There may, however, be a fairly serious and potentially damaging threat to your retirement nest egg – and you may not even be aware of it. The Lincolnshire asset protection lawyers [Read more…] The post Lincolnshire Asset Protection Lawyers Explain How Nursing Home Costs Can Threaten Your Nest Egg appeared first on Hedeker Law.
If you recently lost a family member, or other close loved one, the last thing you may wish to focus on right now is the legal ramifications of the decedent’s death. If, however, the decedent appointed you as Executor in his/her Last Will and Testament, you will need to focus on the probate of the estate. You may also need to focus on the probate process if your loved one died intestate (without a Will) and you appear to be the person elected to volunteer as the Administrator of the estate. For anyone who has never before acted as an [Read more…] The post Lincolnshire Estate Planning Attorneys Explain the Probate Process appeared first on Hedeker Law.
Like most people, you likely have a vague notion of what the probate process entails and why it is required, but you probably don’t know much more than that. Why would you, after all, if you have never had reason to be directly involved in the probate of an estate? There is a very good chance, however, that you will be involved in the probate of an estate at some point in your life, making at least a basic understanding of probate essential. Moreover, you should learn as much as possible about probate so that you can incorporate that knowledge [Read more…] The post Lincolnshire Probate Attorneys Answer Top 5 Probate Questions appeared first on Hedeker Law.
When you contemplate your estate plan, your focus is likely on creating a plan that ensures your loved ones will be cared for after you are gone. Executing a Last Will and Testament is one way to pass down assets that will provide for your loved ones in your absence; however, there must be assets left to pass down for that to work. The estate you work so hard to build up while you are alive can only help those you leave behind if your estate assets survive long enough to do so. It is for this reason that many [Read more…] The post Lincolnshire Asset Protection Lawyers Explain the Difference between a Revocable and an Irrevocable Trust appeared first on Hedeker Law.
If you have a valid Last Will and Testament in place, the odds are good that your appointed someone very close to you (spouse, adult child, best friend) to be the Executor of your estate. While that choice isn’t always a poor one, it often is. The problem is that most people do not really know what probate entails. As such, they give very little thought to the appointment of their Executor when, in fact, your Executor will directly and usually significantly impact how your estate is handled after you are gone. To ensure that your estate is handled as [Read more…] The post Lincolnshire Estate Planning Lawyers Explain the Role of Executor appeared first on Hedeker Law.
Most people understand that having an estate plan in place is important. Despite acknowledging this, less than half of all Americans actually have a plan. If you are among those who have taken the time to create your estate plan, you are a step ahead of many of your friends and neighbors. More importantly, you can rest easy knowing that you, your loved ones, and your assets are all protected. Or can you? If you created your plan several years ago, and you have not updated your plan since it was created, it may not provide you the level of [Read more…] The post Lincolnshire Estate Planning Attorneys Remind You to Update Your Plan appeared first on Hedeker Law.
The death of a loved one is typically followed by a period of grieving and an outpouring of emotions on the part of the family and close friends. By necessity, it is also followed by the legal process referred to as “probate” during which time the decedent’s estate is administered and estate assets are ultimately transferred to the new owners. Although probate can be full of bumps and minor obstacles along the way, it is normally a relatively uneventful process. Occasionally, however, the probate process can turn into a contentious legal battle as a result of a challenge to the [Read more…] The post Lincolnshire Probate Attorneys Explain What Happens When Someone Contests a Will? appeared first on Hedeker Law.