Compliments of the McGee Law Firm, Attorney Brandon McGee An inheritance is a bittersweet thing. On one hand, the circumstance which brought about the inheritance is the death of a loved one. On the other hand, your loved one valued your relationship with them enough to think of you and try to make your life … Read more
Some people get around to Medicaid planning, while others continue to put it off and hope for the best. While you may never qualify for Medicaid, you won’t know where you stand until you take a closer look at your situation and how it could change in the future. Let’s start with a basic definition … Read more
What’s a “Dynasty Trust?” Such a trust is one that continues for the maximum term possible. There can be estate tax advantages to such a trust. Read on to learn more.
Compliments of the McGee Law Firm, Attorney Brandon McGee People have many different reasons to do estate planning. Some people plan diligently and well in advance of any urgent need. Other people procrastinate and plan only when things are thrust upon them. What are you waiting for? Here are some of the top reasons which … Read more
There is no shortage of questions to ask your estate planning attorney. Not only should you feel comfortable asking whatever is on your mind, but you shouldn’t hesitate to do so. They’re on your side, and you should take advantage of their knowledge as often as possible. Of course, it’s your hope that you don’t … Read more
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article examines how beneficiary designations done prior to the SECURE Act might not have the intended consequences today. Read on to learn more.
Compliments of the McGee Law Firm, Attorney Brandon McGee Preventing Challenges When Financial Roles Change Often a couple may divide up everyday chores. One person may take care of the “indoor chores,” like cooking and cleaning, while the other person may do “outdoor chores,” like mowing the lawn, raking the leaves, or shoveling snow. One … Read more
When your children are young, it’s safe to assume you won’t tell them much about estate planning. However, as they age, you may want to consider sharing the details of your estate plan and the impact it could have on them in the future. Here’s the one thing to remember: you can share as much … Read more
The world is an unusual place. Things you’d never expect to happen sometimes actually do happen. There are natural disasters and unusual phenomenon. It’s important to prepare, not just for the unexpected but the eventual, as well.
Compliments of the McGee Law Firm, Attorney Brandon McGee When you plan your estate, you are putting together your road map to your legacy. Your estate plan determines who will be entitled to your assets, how they can use them, and the protections which they and the assets you leave them may have from creditors, … Read more