The Biggest Mistake in Estate Planning
LawyerLisa Blog
by Lisa Hostetler Brown
1M ago
As we age, thoughtful planning becomes essential to ensure that our future is secure and our hard-earned assets are protected. Many seniors worry about the consequences of dying without an estate plan, but an even more pressing issue is aging without a comprehensive safety net. Without proper planning, you could face significant challenges and stress during your later years. One of the most significant concerns is the lack of a safety net as you age ..read more
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Are You Playing the Long Game? You Need a Strategy for Your Long Term Care Plan
LawyerLisa Blog
by Lisa Hostetler Brown
2M ago
When planning for disability and end of life, it is important that the plan be made early while you are still competent to express your wishes regarding care. One of the greatest concerns is what will happen to your spouse should long term care be required. Federal and State laws provide some protection of assets for the benefit of the community spouse, but planning ahead will allow you to maximize the amount that can be protected ..read more
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Don’t Let Death Get the Best of You (Copy)
LawyerLisa Blog
by Lisa Hostetler Brown
2M ago
“From my cold, dead hands”, is also how many people view their financial assets.  When planning for the inevitable, it is important to consider how your assets will pass when you do.  An unsophisticated estate plan or…GASP… estate planning documents your sister-in-law printed off the internet may leave your hard-earned cash in the wrong hands ..read more
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Why your “will” isn’t good enough.
LawyerLisa Blog
by Lisa Hostetler Brown
2M ago
People are often surprised when I tell them that their will is a ticket to court. The common misconception is that a will is all you need.  If you own, say a: house, car, bank account, some jewelry, and guns, and you are planning for your will to control their disposition, you may be unintentionally creating more work, more expense, and more drama for your loved ones.  ..read more
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Don’t Let Death Get the Best of You
LawyerLisa Blog
by Lisa Hostetler Brown
4M ago
“From my cold, dead hands”, is also how many people view their financial assets.  When planning for the inevitable, it is important to consider how your assets will pass when you do.  An unsophisticated estate plan or…GASP… estate planning documents your sister-in-law printed off the internet may leave your hard-earned cash in the wrong hands.  Easy ways to mess it all up: •          Leaving money or property to minor children.  If you pass away while your kids are under 18, assets should go into a trust for their benefit.  ..read more
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What You Don’t Know About Probate Can Hurt You/Your Family
LawyerLisa Blog
by Lisa Hostetler Brown
5M ago
With proper elder law planning, almost everyone can avoid the court process known as probate.  Probate is a court-supervised process that is required after the death of an individual who owns probate assets.  A Will provides instructions for how probate assets should be distributed.  If you are planning to use a Will at your death, that means your family will have to go to court.  If a deceased person doesn’t have a Will, probate assets will still be distributed through the probate process, but state law (and the Judge!) will decide who receives those assets and who will be ..read more
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Elder Law Insights – Seek the Right Professional Help
LawyerLisa Blog
by Lisa Hostetler Brown
7M ago
As the population ages and our elders encounter difficult financial, legal, and healthcare situations, the need for comprehensive planning has become evident. In this context, the role of professionals focused on these issues with a specific focus on elders becomes paramount. Certified elder law attorneys (CELAs) are equipped with the expertise to navigate the unique challenges that seniors may face. Understanding Elder Law: Elder law is a branch of legal practice that focuses on the specific needs of older individuals. CELAs are well-versed in a variety of legal areas that directly impact sen ..read more
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Considering a Life Estate? Understand the Potential Problems
LawyerLisa Blog
by Lisa Hostetler Brown
7M ago
Life estates are often used by attorneys to pass real estate to the next generation outside of the probate process. However, keep in mind that there are potential problems and risks to understand before creating a life estate. Even attorneys are often unaware of the issues surrounding life estate deeds. Continue reading to determine whether a life estate might be right for you. What Is a Life Estate? In a life estate, two or more people each have an ownership interest in a property, but for different periods. The person holding the life estate – the life tenant – possesses the property during ..read more
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Elder Law Lessons Learned - Navigating a New Diagnosis
LawyerLisa Blog
by Lisa Hostetler Brown
7M ago
Q: My loved one was just diagnosed with Alzheimer’s and I am overwhelmed with all that we are facing now. Where do we even begin? A: This is everyone’s worst nightmare! But, do not fret; we have a solution for you. First and foremost you need a plan, a life care plan, that starts with a legal and financial foundation that will provide for peace of mind as you begin the journey with your loved one. Ensuring that you have all of your basic estate planning documents in place (Financial Power of Attorney, Health Care Power of Attorney, Will/Trust, HIPAA Authorization form) is the first step to saf ..read more
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Sports Talk Radio Interview- Why are Trusts important?
LawyerLisa Blog
by Lisa Hostetler Brown
8M ago
When we talk about trusts, we talk about having a plan- what is going to happen in your life- out of the blue or after aging takes place? Do I have things set up so that my family is not overwhelmed by the details? Make sure your family is taken care of with a gameplan ahead of time. The legal document should correspond to your plan ..read more
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