Individuals with highly-valuable personal property often expect to have a positive impact on others after they die. They believe that their resources should go to their loved ones who they named as beneficiaries or who should inherit as heirs under intestate...
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Estate Planning
3 estate planning considerations for those with sizable assets
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jun 20, 2024 | Estate Planning
Estate planning is a beneficial choice for people in a variety of circumstances. Financially successful adults are among those who may need to think about their legacy after they die and also their protection in the event of an emergency. The more resources someone...
3 major benefits of adding powers of attorney to an estate plan
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Apr 22, 2022 | Estate Planning
Adding a bunch of extra documents to your estate plan may seem expensive and wasteful. Many adults only think that they need a will and nothing else to protect themselves and their families when they die. It is certainly true that a will can accomplish many of the...
Making a special needs trust for an adult child
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Feb 18, 2022 | Estate Planning
Most parents no longer have legal or financial responsibility for their children once their kids turn 18. Becoming a legal adult means that their children are now responsible for meeting their own needs. However, not every child can be truly independent just because...
Who should you choose as a health care power of attorney?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Feb 2, 2022 | Estate Planning
It’s not always a simple task to choose someone to make medical decisions on your behalf. You may not have someone you know who feels the same way about life-sustaining treatments or the kinds of interventions that you’d like if you are unable to tell the medical team...
If a parent dies without assets or money, what happens?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Oct 20, 2021 | Estate Planning
If your parent dies when they have no money or assets left, you may find yourself in a difficult position. If you’re in charge of managing the estate, you may begin receiving letters from creditors or calls from those trying to collect debts. One of the issues with a...
Are heirs on the hook for debts after your death?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Sep 28, 2021 | Estate Planning
If you are in debt when you pass away, one of the things that might happen is that those creditors could go after your estate for the money that they’re owed. A good estate plan will take steps to make sure that your heirs are protected against these creditors staking...
3 ways to protect your assets through estate planning
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Aug 24, 2021 | Estate Planning
As you work on your estate plan, one of the most important things to do is to look into how you can preserve your assets. You have a number of options that will help you do so. Some include sending your life insurance into a trust, setting up an irrevocable trust...
What is asset protection planning, and do you need to do it?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jun 24, 2021 | Estate Planning
Most people think that estate planning just involves making a last will. Some people see the value in a living will that protects them if they become medically incapacitated. Far fewer people understand how valuable asset protection planning is. Often a part of...
Should you talk to your heirs about your estate plan?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | May 5, 2021 | Estate Planning
You may feel like your estate plan is fairly private, and you may not want to share it with anyone. That’s fine. It is private if you’d like it to be, and no one has to give you their advice or input regarding your decisions. You have the final say. That said, there...
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