When creating your estate plan, it is important to understand the difference between probate and non-probate assets. Probate assets are those subject to court administration in a process through which a court determines how to distribute your property after you die. Some assets are distributed to heirs by the court as probate assets while others…
http://www.toddmillerlaw.com Seniors are not immune to the collapsing state of marriage in America. Divorce among senior adults is often referred to as “gray divorce.” According to the National Center for Family & Marriage Research at Bowling Green State University, the divorce rate for couples over 50 doubled from 1990-2009. For adults 65 and older, the…
Okay sure, your life is calm now. Perhaps you are retired or nearing retirement. Perhaps your children are independent or nearing an age of independence. But soon enough you will be a senior adult with completely different legal needs than your younger self. While speeding tickets, dissolution of marriage and family law issues were paramount…
As you begin the process of establishing an estate plan, there are many important decisions you and your attorney will make. Arguably, one of the most important decisions involves identifying who will receive your estate assets and in what manner you want assets to pass when you die. Whether you create a revocable living trust,…
The Pew Research Center reports that among parents with adult children in the U.S., 61% of them say they have helped an adult child financially in the preceding 12 months. Among those who have helped an adult child financially, with errands, housework or home repairs, or with child care, nearly nine-in-ten (89%) say it is…
