Owning a rental property is a rewarding investment that can generate steady income and long-term financial growth. However, along with the benefits come significant responsibilities and potential liabilities. As a landlord, you face various risks ranging from property damage and legal disputes to tenant injuries and financial losses. Navigating these challenges can be daunting, but […]
Author: Tim O'Brien
Should I Include Long-Term Care Insurance in My Estate Plan?
Long-term care in the United States is a topic often avoided until it’s too late. Many individuals overlook the potential financial burden it poses, assuming that their savings or government programs will cover it. However, the reality is stark: long-term care can really drain your money and wipe out what you leave behind for your […]
Can I Include Digital Assets in My Estate Plan?
Estate planning has evolved in the last couple of decades beyond planning for disposition of traditional assets like real estate, vehicles, and heirlooms. Today, individuals possess an unprecedented number of digital assets, ranging from cryptocurrency and online accounts to digital photos and social media profiles. With this digital evolution, many, during their planning for the […]
How Do I Protect My Small Business From Legal Issues?
Running a small business comes with many challenges, and one significant concern is navigating the complex nature of legal issues. From contracts to intellectual property rights, and employment matters to compliance regulations, the legal aspects of entrepreneurship can be daunting. However, with proactive measures and a solid understanding of potential risks, you can protect your […]
How to Ensure Pets Are Taken Care of in Your Estate Plan?
Pets are more than just animals; they’re cherished members of the family. They bring joy, companionship, and unconditional love into our lives. As responsible pet owners, it’s only natural to want to ensure their well-being even after we’re no longer able to care for them ourselves. That’s where estate planning comes in. Including provisions for […]
What Is Probate?
Probate is a term often heard in legal discussions, especially in the context of wills, estates, and inheritances. But what exactly does it entail? In simple terms, probate for decedent’s estates is a formal legal process that deals with a person’s will after they pass away. It confirms the will’s validity and appoints the executor […]
Difference Between a Living Will and a Traditional Will?
In estate planning and healthcare decisions, confusion often arises between two legal documents with similar names – the Last Will and Testament (commonly known as a “Will”) and the Living Will. While both documents play crucial roles in different aspects of life, understanding the distinctions between them is essential for comprehensive planning. The Last Will […]
Can I have both a will and a trust?
When it comes to estate planning, many individuals often wonder whether they should have a will, a trust, or both. Both wills and trusts are important legal documents that serve different purposes in managing one’s assets and distributing them after death. However, it’s not uncommon for people to ask, “Can I have both a will […]
What’s the Difference Between a Will and a Trust?
Planning for the future is a responsible step everyone should take, and part of that planning involves deciding how you’d like your assets distributed after you’re gone. Two of the most common tools for this purpose are wills and trusts. While both serve similar purposes, they have distinct differences. In this blog post, we’ll break […]
Don’t Let Winter Break End Without These Documents
The holidays have (for the most part) wrapped up and winter break is about to come to a close. While all the parents are busy celebrating the kids going back to school, there is a crucial task to be done that is often overlooked: designating legal guardians for your minor children. Legal guardians are the […]