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Wills, Trusts, and Estates Archives

Estate Tax Planning Techniques

Upon your death, you probably hope to distribute the wealth you have accrued over your lifetime in a way that is meaningful to you and your loved ones. Anticipating the tax responsibilities that will be placed on your estate and its beneficiaries--and using effective estate tax planning techniques--can help minimize estate taxes and ensure that you leave behind the legacy you intend.

When to Apply for Guardianship in WV

When adult children, parents, or other loved ones become unable to make important decisions or care for themselves, the decision to pursue legal guardianship for adults can be very difficult. Adult guardianship can be restrictive to the rights of the protected person and places significant responsibilities on the appointed guardian. Understanding guardianship laws in West Virginia (WV) can help you decide if and when to apply for guardianship in WV.

The Benefits of DAP Trusts for CPAs and Accountants

Accountants, including certified public accountants (CPAs), are intimately involved in the financial lives and well-being of their clients. Despite conscientious adherence to best practices, blame can fall on the accountant when a client suffers a financial misfortune. The ability to protect personal assets when allegations of professional wrongdoing are made is one of the benefits of DAP trusts for CPAs and all accountants.

Understanding Adult Guardianship in Ohio

According to a recent study from Miami University, adult guardianship in Ohio is on the rise, and many family members and friends are tasked with the important job of becoming a guardian for a loved one who needs assistance with self-care or managing financial matters. The study found that 70 percent of the guardians are family members or friends of the person under guardianship (the "ward").

West Virginia Adult Guardianship: Investigating the Options

The law in the United States is often crafted around protecting the interests of those who cannot protect themselves. The West Virginia Guardianship and Conservatorship Act addresses just such a person--a "protected person" who cannot legally take care of him- or herself and who may need the assistance of an appointed guardian for personal care and concerns or the assistance of a conservator for financial decisions. Investigating the options, however, can be daunting. Those seeking to help a loved one incapable of tending to his or her own self-care or matters often have questions about what kind of guardian is needed, what forms to fill out, what court makes guardianship decisions, and what kind of qualifications a guardian needs to have. A West Virginia guardianship lawyer knows the ins and outs, of course, but if you find yourself needing to investigate the options for caring for an adult in need of assistance, it is helpful for you to have a general understanding of adult guardianship and conservatorship, too. Continue reading below to find out more.

Legal Guardianship of an Adult: What You Need to Know

Guardianship is a means by which you can become legally responsible for managing the care of a disabled or incompetent adult. Guardianship grants only specific rights and responsibilities related to the care and concerns of that individual. Understanding what guardianship entails and familiarizing yourself with the process to obtain it are essential to successful transitions in these situations.

DAP Trusts and Asset Protection for Physicians

Physicians dedicate their lives to acquiring the knowledge and skills to help others and to building a practice and reputation. These efforts often offer substantial personal and financial rewards. However, those who work in the medical field also endure a high risk of personal liability. Asset protection for physicians is an important part of financial and estate planning.

Estate Planning for Business Owners: Do You Have a Business Succession Plan?

When you own a business, estate planning and business succession planning are emphatically entwined. Estate planning for business owners requires careful consideration of the impacts of your business succession plan on your life, retirement goals, and family. These objectives must be balanced and coordinated with your wishes for the future of the company, business partners, and employees.

Why Communicating Your Estate Plan to Your Family is Essential

Estate planning can be a complex process. If you have a thorough, updated plan in place, you probably feel confident that your last wishes will be carried out. However, an important part of the process is often neglected--communicating your estate plan to your family and heirs. Sadly, if you fail to tend to this aspect of successful estate planning, your family could still be left in emotional and financial turmoil despite your efforts to document your wishes and provide a smooth transition of wealth.

Gun License Reciprocity: Concealed Carry Laws Also Apply to Gun Trust Firearms

Americans are afforded the right to bear arms by the Second Amendment of the US Constitution. However, interpretations of the Amendment vary. And, until federal lawmakers pass national reciprocity legislation, gun owners must follow a patchwork of state laws on possessing and carrying firearms. Because regulations vary so widely, gun owners who are traveling across state lines must be aware of gun license reciprocity and concealed carry laws in states they plan to traverse or visit.
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