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What Are The Benefits Of Creating A Life Estate?

A life estate is a form of property ownership that splits control and ownership of a property. The person who creates the life estate for their home and assets is known as the life tenant. Though the tenant retains control of the property, they share ownership during their lifetime with the remainderman, a legal term referring to the estate's heir.

07/06/23 • by: Law Office of Michelle Adams

What Should I Do Now for a Successful Business Succession?

If there’s one thing that’s certain, it’s life’s uncertainty. While we all hope for the best, as a business owner, it’s important to be prepared for anything. Having an answer to life’s curveballs can help you stay in business, ensure that your legacy lives on, and that your business partners and family are taken care of.

07/06/23 • by: Law Office of Michelle Adams

Start Planning Now for Coming Changes in Estate Tax Exemption Levels

Clients with sufficient wealth to leave them exposed to future estate tax burdens need to understand that the time to act on the generous estate tax exemption established in 2017 by the Tax Cuts and Jobs Act is now—not when the expanded exemption sunsets the end of 2025.

07/03/23 • by: Law Office of Michelle Adams

Protect Your Elderly Parents from Scammers

Scam artists often target older adults, partly because they have amassed greater wealth.

06/03/23 • by: Law Office of Michelle Adams

What Is Funeral Insurance?

Unlike car insurance, even if you're a good driver, a death insurance policy is 100 percent guaranteed to be used...eventually.

06/03/23 • by: Law Office of Michelle Adams

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.

06/02/23 • by: Law Office of Michelle Adams

How to Pre-pay for a Funeral

There are two primary ways to pre-pay for a funeral: via either pre-need funeral insurance policies purchased through a funeral home, or by setting up a funeral trust with a bank or financial institution. Each method works a bit differently.

05/22/23 • by: Law Office of Michelle Adams

Older Singles Can Plan to Protect Themselves

Aging solo is about those individuals who are widowed or not married, live alone and have no family or none they can count on. They are going through the last years of their lives on their own. It can be just fine until one’s health declines and the usual activities and access to friends get out of reach.

05/22/23 • by: Law Office of Michelle Adams

Does Divorce Have an Impact on Estate Planning?

When you're in the midst of a divorce, you're probably not thinking about estate planning or your will. However, if you're divorcing, you should think about the impact a divorce can have on an estate plan.

05/22/23 • by: Law Office of Michelle Adams

The Top 5 Biggest Blunders People Make with Health Care Proxies

Everyone age 18 and over should have a health care proxy document signed (think children off to college, and yourself, not just an elderly parent).

05/22/23 • by: Law Office of Michelle Adams

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Law Office of Michelle Adams

Blog Articles

What Are The Benefits Of Creating A Life Estate?

What Should I Do Now for a Successful Business Succession?

Start Planning Now for Coming Changes in Estate Tax Exemption Levels

Protect Your Elderly Parents from Scammers

What Is Funeral Insurance?

Will I Be Able to Afford Nursing Home Care?

How to Pre-pay for a Funeral

Older Singles Can Plan to Protect Themselves

Does Divorce Have an Impact on Estate Planning?

The Top 5 Biggest Blunders People Make with Health Care Proxies

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Law Office of Michelle Adams