Fewer people are creating estate plans today than in years past. Research shows that, in 2024, less than one-third of Americans report having a will. Every adult—whether they are 19 or 99—should have a will at a minimum. Many people can also benefit from estate planning documents such as trusts, powers of attorney, and advance […]
Don’t Let Your Estate Plan Go Up in Smoke Read More »
Stereotypes surrounding “only child syndrome” have largely been debunked, as recent studies show that only children, on average, develop social skills similar to those of children with siblings. Further, outdated perceptions surrounding only children have shifted as the average size of the American family has shrunk, and one-child families have become far more common. Raising
How Do I Create an Estate Plan with an Only Child? Read More »
What is a Durable Power of Attorney? At Barreau Legal, PLLC, it is common to run into clients who believe that estate planning only deals with how to pass property along to the next generation after someone’s death. This would be an accurate definition of estate planning and the goals which can be accomplished through
The Power of Attorney Read More »
When dealing with loved ones with special needs, it is important to understand the relationship which exists concerning someone with special needs and his or her approved government benefits. Namely, did you know that your loved one could potentially lose their government benefits related to their special needs if they inherit directly from you? Did
Special Needs Trust Read More »
Do you know the requirements to qualify for Medicaid? Medicaid is an important tool to help provide long-term care for those who cannot afford it. The costs of being in a nursing home can almost be insurmountable, sometimes reaching approximately $6,000 a month depending on your facility and geographical region. For the majorly wealthy, perhaps
Qualifying for Medicaid Read More »
Are your loved ones qualified to serve as personal representative of your estate? In the State of Florida, a personal representative is an individual (or organization) who has been tasked with the management of an estate going through the probate process. Many other states refer to this role as an “executor”. Generally, a personal representative
Personal Representatives Read More »
Have you ever wondered what happens to your assets, like your home, car, or laptop, for instance, after you pass away? The answer is pretty simple if you have a valid estate plan in place – how your property will pass will go exactly how you desire in your Last Will and Testament or Trust.
Intestate Succession Read More »
