If a loved one has recently passed, then you may be keen to know if they made a will. It can help you understand what must be done with the possessions they left behind. The first step would be to ask the other family members closest to them. Maybe your dad didn’t mention having a will to you but did… The post Where to look for someone’s will first appeared on Slater Law Office ..read more

If your parents are getting on in life, you might be wondering whether they have an estate plan in place. The obvious way to find out the answer would be to ask them. But, if you are like many people, you may feel hesitant, lest they think it is rude of you to ask. People have hang-ups about discussing all… The post Is it rude to ask a parent about their estate plan? first appeared on Slater Law Office ..read more

Aging is something that happens to us all. If you have elderly relatives, then you likely want to ensure that they can enjoy their golden years peacefully.  Unfortunately, elderly people can be vulnerable to financial exploitation, and family members are their first line of defense. How can you tell if your elderly relative is being exploited financially, and what can… The post Protecting elderly loved ones from financial exploitation first appeared on Slater Law Office ..read more

Nobody thinks about possible incapacitation, but it’s one circumstance that you need to think about when you’re planning your estate. While most people focus on setting up the plan for asset distribution after their death, setting the plan for what should happen if you become incapacitated can take a lot of stress off your loved ones.  There are two primary… The post Set your plans in case you become incapacitated first appeared on Slater Law Office ..read more

Creating an estate plan is one of the most important things people can do once they reach adulthood. While many people focus on their will, there’s another option they should consider for passing down assets. Some people opt to establish and fund a trust to get assets to their beneficiaries. One category of trusts to consider is the irrevocable trust,… The post What are the benefits of establishing an irrevocable trust? first appeared on Slater Law Office ..read more

Most American adults are increasingly tied to online platforms, both for work and personal reasons. From social media profiles to cryptocurrency wallets, these digital assets can potentially represent both emotional and financial value. For young adults, creating a digital estate plan may not seem like an immediate priority, but failing to address these assets can lead to complications for loved… The post Young adults, you need to draft a digital estate plan first appeared on Slater Law Office ..read more

Estate planning can allow you to provide for loved ones while ensuring that your legacy lives on. However, heirs who struggle with managing finances may present a challenging dilemma. You wish to provide for them, but also have valid concerns about how they might handle their inheritance. Is there is a way to ensure they receive support without risking the… The post Can I leave assets to an irresponsible heir? first appeared on Slater Law Office ..read more

Drafting an estate plan can be emotional. It’s one of the reasons some people procrastinate doing it, as it’s not easy planning for death or incapacitation. Nonetheless, you can manage the emotional side of estate planning and, in turn, protect your legacy and loved ones.  Here is how you can deal with the emotions of estate planning: Focus on the… The post How to deal with the emotions of estate planning first appeared on Slater Law Office ..read more

One of the key tasks to complete when making your estate plan is to name an executor. They will be in charge of putting your estate plan into action when you come to pass. Yet, what if change your mind about who you have chosen? Can you take that power back from them, or are you stuck with your earlier… The post Can you change your choice of executor? first appeared on Slater Law Office ..read more

As you create your estate plan, you start by deciding which children will inherit your assets. You may divide assets equally or unequally, as you wish. You’ll also need to account for tangible assets and family heirlooms, and it may be wise to talk to your beneficiaries since these items can’t be split between multiple people. But along the way,… The post Will your children inherit your debt? first appeared on Slater Law Office ..read more