Estate Planning

Chances are that you have more digital assets now than you did when you created your estate plan—even if it was only a year ago. We are all acquiring new digital assets at an astonishing rate. Do you know what will happen to those assets if you become incapacitated? What will happen after your death?…

Generations of retirees have relied on the well-known three-legged stool model of estate planning. Employee pensions, personal savings, and Social Security formed three stable legs that propped up a secure retirement plan.  Fast forward to today, when most companies have phased out pensions and the future of Social Security isn’t looking so secure anymore. How do you…

Nothing is certain in life other than death and taxes. What is the impact of taxes on estate planning? In 2022, the federal estate tax exemption is $12.06 million per person. If the value of your estate is under this threshold, then your estate will not be subject to tax. Those with estates totaling more…

The U.S. Department of Health and Human Services says someone turning age 65 today has almost a 70% chance of needing some type of long-term care services in their remaining years. Twenty percent will need care for longer than five years. Thirty-seven percent will receive care in a residential facility, such as a nursing home…

Many people believe the word “estate” only applies to wealthy individuals with multiple properties and substantial assets, but this is inaccurate. Anyone who has money, property, or other assets has an estate and will benefit from a well-organized estate plan. A solid estate plan can help communicate your end-of-life wishes if you are unable to…

Just as each of us should make plans for the transfer of our personal assets to our heirs, the small business owners among us should plan for the disposition of their businesses. Your small business needs an estate plan, just as you do. The estate planning attorneys at Brady Cobin Law Group, PLLC, can help.…

First responders know the risks they face as part of their jobs. They put their lives on the line when responding to natural and manmade disasters, accidents, fires, disease outbreaks, and crime scenes. According to the U.S. Bureau of Labor Statistics, 838 emergency responders – public-sector law enforcement, firefighters, and ambulance crews – died from…

As you consider what you will pass on to your heirs and other beneficiaries, do not overlook your digital assets. If your virtual property – anything from digital music you’ve bought to website content, Bitcoin or other cryptocurrencies – has value, then proper estate planning can ensure you’ve designated what happens to it when you’re…

Establishing an estate plan that provides for your family after you are gone is a gift to the ones you love. If a special needs child is among your loved ones, there are specific steps you can take to ensure their additional financial and care needs are addressed. The Brady Cobin Law Group, PLLC, has…