If you're involved in estate planning and you have a loved one with special needs, you may want to learn more about a pooled special needs trust. This trust is administered by a nonprofit organization dedicated to managing funds for disabled individuals. This special...
Estate Planning
Estate Planning
Fundamental points about estate planning
As someone ages, they may wonder how to care for relatives and others if he or she becomes ill or passes away. Estate planning steps could provide solutions for such Washington, DC residents, and others. A person need not be older to take part in estate planning, as...
What is estate planning, and how does it work?
Residents of Washington, DC can protect themselves and their loved ones through estate planning. Knowing more about it can help you when you choose to do it. What is estate planning? Estate planning is a process that involves creating legal documents that assert where...
Preparing your estate plan for incapacity
Many District of Columbia residents think of estate planning only in terms of death. In fact, estate planning is not only used to plan how assets will be distributed to beneficiaries after a person has died. A detailed estate plan can also be used to plan for...
Talking to your parents about estate planning
No one wants to think about what happens when a loved one dies. But for many Washington, DC residents, it’s a necessary thought process in order to establish an estate plan. Adult children should take the time to ask their parents about their estate plan, so there are...
What questions may help when planning a living will?
A last will and testament might be the document that District of Columbia residents understand as a vital part of estate planning. While it may be, there are other documents that people may want to have. A living will could be essential for those worried about medical...
Using a spousal bypass trust in Washington, D.C.
A spousal bypass trust is a special legal mechanism to avoid some of the inheritance tax that would apply when one spouse dies and their benefits pass to their surviving spouse. This type of trust lets individuals take advantage of a pension or annuity that has...
Amending your living trust in Washington, D.C.
Estate planning is an important responsibility for any adult in the U.S. While some aspects of estate planning and transfer are affected by federal law, especially in terms of taxes, state law shapes most of what happens when a person dies. Washington, D.C., is not a...
Changing your power of attorney
A power of attorney is a legal tool that is often used for medical care management, financial matters, and estate planning. It is also flexible, which means you can revoke it or change the agent named therein at any time with a simple process. Here is some information...
When special needs trusts make sense
Estate planning in Washington, D.C., maybe more complicated for parents whose children have special needs. It's important for them to discuss their options in setting up a trust, but knowing which trust accommodates disabilities is also necessary. One of the main...