Becoming a parent is often what motivates people to create estate plans. They worry about the vulnerability of their children while they are still young. A parent can leave assets for their children with a will or a trust, and they can also nominate a guardian in a...
Estate planning for grandparents
Estate planning is crucial for individuals looking to secure their financial legacy and provide for their loved ones after they pass away. In Delaware, grandparents have several estate planning tools available to help support their grandchildren's future. By...
3 estate planning considerations for beneficiaries with special needs
Estate planning is important for anyone with dependent family members, but some people rely on their families more than others. Individuals born with special needs and those who acquire disabling medical conditions due to injury or illness require more support than...
How to plan for the financial future of a child with disabilities
When making an estate plan, it’s important for parents to carefully consider how their efforts may impact a child with disabilities. The child’s financial future may be largely dependent on this estate plan. Parents may have been caring for a child for their entire...
How should blended families tackle estate planning?
Families in Delaware come in all different shapes and sizes. Blended families, where two adults with children from prior relationships, are increasingly common. And ultimately, people who have married before and who want to marry may recognize the importance of...
When should you start to consider estate planning?
The more unpleasant and stressful a process is, the more reasons someone will generally find to procrastinate about it. Estate planning requires that people carefully analyze their finances and digital assets, which is often a stressful experience. They will also need...
What goes to probate when someone dies?
When someone dies, their assets and debts need to be sorted out and the remaining assets have to legally be transferred and titled to the appropriate heirs, and probate is the process by which this happens. However, not everything someone owns will pass through...
What happens when a person dies without a will or trust?
Estate planning is something that adults of all ages in Delaware should consider, but many find ways to avoid the process for as long as possible. Some people wait for so long that they eventually die without an estate plan in place. As a result, those who are...
What is a spendthrift trust?
While you may remember some of the adventures (and misadventures) of your youth very fondly, don’t you wish you could avoid some of the bigger mistakes you made? Hindsight is often 20/20, especially where financial matters are concerned. What if there was a way to use...
Do you need to consider a pet trust?
If you’re creating an estate plan, you may want to consider using a trust. There are a lot of different ways that you can use trusts, such as creating a trust for an heir with special needs or setting up a trust to pay for a grandchild‘s college education in the...