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Estate Planning

Beck & Lenox Estate Planning & Elder Law, LLC

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Will I Be Able to Afford Nursing Home Care?
Elder Law

Will I Be Able to Afford Nursing Home Care?

As many as 80% of aging adults in America lack the financial resources to pay for two years of nursing home care or four years of an assisted living community. That’s according to a new study from the National Council on Aging (NCOA) and the LeadingAge LTSS Center at the University of Massachusetts Boston.

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Why Would I Put My Home in a Trust?
Estate Planning

Why Would I Put My Home in a Trust?

When you purchase and own a home, your name is on the title to the property, indicating ownership. However, you can transfer ownership of your residence to another person or entity in the form of a real estate trust.

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How Estate Planning Protects Unmarried Couples
Estate Planning

How Estate Planning Protects Unmarried Couples

It is very important for unmarried couples to execute estate planning documents to make their wishes clear concerning the rights and responsibilities of their significant other.

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Will I Be Able to Afford Nursing Home Care?
Estate Planning

What are the Consequences of Dying Without a Will?

When you die, a section of law known as estate and probate law governs how your assets are distributed.

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Can I Keep Stepchildren Out of My Estate Plan?
Estate Planning

Can I Keep Stepchildren Out of Estate Plan?

Estate planning is nearly always worthwhile but can be extra important when you have stepchildren.

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Do Heirs Have to Pay Debts from an Estate?
Estate Planning

Do Heirs Have to Pay Debts from an Estate?

First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.

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Estate Planning Is Critical for Singles
Estate Planning

Estate Planning Is Critical for Singles

You’re single, and you don’t have an estate plan or even a will. Perhaps you think you don’t need either because you’re not wealthy and don’t have children.

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Estate Planning for Blended Families
Estate Planning

Estate Planning for Blended Families

There are many different configurations of blended families. However, they are generally made up of married couples who have children from previous marriages or relationships.

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Estate Planning When Cognitive Decline Appears
Estate Planning

Estate Planning When Cognitive Decline Appears

Data from sources like the U.S. Census Bureau shows in no uncertain terms that the U.S. population has grown older over the prior two decades.

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What are Pros and Cons of a Marital Trust?
Estate Planning

What are Pros and Cons of a Marital Trust?

A marital trust is a complex estate planning tool that should be crafted carefully. Because of its tax benefits, you should work closely with an experienced estate planning attorney to ensure that the marital trust is established properly.

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