RESOURCES

Resources to learn more about how to protect your family

We're proud to be able to provide you with a library of information to help you learn about the legal options to help protect your family across the generations now, and through the many life events that will come over the years.

10 Things to Consider

When a Loved One is Hopitalized

A heart attack, stroke, or a bad fall can put a loved one in the hospital without warning. If you are the person taking on the leadership role in navigating the healthcare process, here are ten things you should know when a loved one is hospitalized.

ARTICLES

AllWills, Trusts, and Estate PlanningCrisis PlanningGuardian and ConservatorsLong Term PlanningProbate and Estate AdminstrationAnnouncementsMedicaid Planning
What is an ILIT? Is it New Slang All the Kids are Saying These Days?

What is an ILIT? Is it New Slang All the Kids are Saying These Days?

Although it may sound like something your teenager has said, an ILIT is actually an irrevocable life insurance trust. An ILIT is a type of trust that is funded during your lifetime by a term or whole life insurance policy and pays out proceeds of the policy upon the insured’s death.  Since it’s irrevocable, the trust generally...
Should You Name Co-Trustees?

Should You Name Co-Trustees?

When a client is in the process of creating a trust, one of the first questions that comes up is “How should I choose my successor trustee?”. (Find out our answer in the previous article “How to Choose a Trustee” ). The follow-up question is usually if they should name co-Trustees to manage their revocable...
How to Choose a Trustee

How to Choose a Trustee

For many people, a trust is an integral part of a thorough and effective estate plan. Whether it is designed to avoid probate, reduce estate taxes, or protect assets, it is important that a trust is administered as instructed in the trust document to ensure that it serves its purpose. Therefore, one of the most...
4 Common Types of Trusts

4 Common Types of Trusts

Understanding the types of trust that are available and discussing your goals and wishes with your estate planning attorney should be accomplished before you settle on which type of trust is best for you.  A Guide to Some Common Types of Trusts As discussed in our blog, “Trusts, not Just for the Rich and Famous”,...
What Are Guardianships and Conservatorships?

What Are Guardianships and Conservatorships?

We frequently receive calls from people looking to act on behalf of a family member or loved one who has lost capacity and is no longer able to manage decision making for themselves. When that person does not have an effective Health Care Proxy or Durable Power of Attorney in place, the next step is...
The Downsides of Reserving a Life Estate

The Downsides of Reserving a Life Estate

In a previous article, we explored the benefits of reserving a life estate to protect your home from the high cost of nursing home care. (You can read the full article here) Reserving a life estate is a common planning technique where the home is deeded to a loved one, typically your adult child(ren), and...
The Benefits of Reserving a Life Estate

The Benefits of Reserving a Life Estate

Your home is often your most important asset.  Many families want to protect this asset from the high cost of nursing home care.  When nursing home care is not imminent, a common planning technique is to deed the home to a loved one, typically your adult child(ren), and reserve a life estate for yourself. This...
The Significance of Estate Planning in the LGBTQIA+ Community

The Significance of Estate Planning in the LGBTQIA+ Community

The long-awaited legalization of same-sex marriage was a welcome victory for the LGBTQIA+ Community and their allies. Even so, it is still quite common in the LGBTQIA+ community to have a long-time partner but never marry. If you have been sharing your life with a significant other but are not legally married, it is imperative...

What to Do

After a Death in the Family

A death in the family is one of the most difficult life events that any of us will have to face. At Generations Law Group, we find that we are one of the first calls that clients make after their loved one has died. We created this e-book to help you navigate through this difficult time. We hope it helps to alleviate some of the stress and questions that you may have.
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