If I Die, What Happens to My Pet?

Are you a pet owner? I am a lifelong dog owner. For me, my dog is a member of the family. We love our dogs and cats and for some of you other types of pets. Many animal lovers truly feel that their pets are their best friends. What happens to the dog or cat if you die or become incapacitated? What happens if your pet outlives you?  Pet Trust-Your Legal Solution You may recall that I published a blog discussing the Read More

Don’t Risk it: Protect Your Finances From COVID-19 Complications

Many Americans spend a lot of time and effort in managing their finances. Most people are worried about how the coronavirus (COVID-19) will impact their income—whether that’s because they are temporarily furloughed, find themselves suddenly without a job, or watching their investment and retirement accounts dwindle.  There is another way COVID-19 will wreak havoc on American’s finances: lack of incapacity Read More

Estate Planning for Family Business Owners

In Estate Planning, the attorney may suggest creating a Family Limited Partnership (FLP) for a family owned business.  Only family members, or their controlled entities, will be partners of the FLP. In Estate Planning, the FLP allows the business to hold and manage assets that family members individually control within the business. Nontax reasons exist for creating the FLP.  In addition, the FLP design allows the Read More

Elder Law and COVID-19

As an Elder law and estate planning attorney in this time of COVID-19, I want to reach out to each of you to remind everyone to pay attention to the vulnerable seniors, elders, and people with disabilities who may feel isolated and alone.  Although we have a social distancing measure in place, lawyers still provide services to you.  Let’s take a moment to think about COVID 19 and how it may affect our Seniors. Elder Read More

Boutique Trusts in Estate Planning

Estate Planning encompasses more than a will and revocable living trusts. I call trusts that serve a unique and specific purpose in estate planning “boutique trusts.”  Sometimes life changes after an estate plan is in place such as adopting a pet, acquiring digital assets, or buying a firearm. “Boutique Trusts,” are individualized, tailored specific trusts that may be added to take care of forgotten or new estate Read More

Medicaid Planning in Elder Law

Medicaid Planning in Elder Law helps senior citizens cover their healthcare costs. With the rising expenses of nursing homes and other personal care services, more and more elderly people are relying on Medicaid.   Specific laws govern who may qualify for Medicaid.  Each state sets how much financial money and assets are allowed.  The amounts differ if a person is single or married. Because there are income limits Read More

Powers of Attorney in Elder Law FAQ

Powers of Attorney are a useful tool for people of all ages. Powers of Attorney in Elder Law is powerful for those who are growing older and beginning to anticipate and plan for eventual medical needs. At Tucker Legal Services, LLC, we receive questions about Powers of Attorney and the role they play in elder law. Today, we’re answering some of the questions we hear frequently about their special importance in elder Read More

Three Reasons to Update Your Estate Plan (And How to Do It)

Too often, people make the mistake of failing to have an estate plan. So many people tell themselves, “Oh, I’ll get around to it eventually,” not considering the fact that unexpected tragedies could strike at any time. However, another major estate planning mistake comes in a close second place: Having an existing estate plan, but failing to update it. It is advisable to review your estate plan every year and update Read More

How to Fund Your Revocable Living Trust

Funding your Revocable Living Trust is important so that you keep the trust as a working part of your estate plan. Without funding, a revocable living trust is useless. Trusts are an essential part of an estate plan because they can protect your assets from estate taxes, probate costs, creditor claims, and beneficiaries who may not manage their inheritance wisely.  There are two primary types of trusts - Read More

Digital Assets in Estate Planning

Digital Assets in Estate Planning are increasing as a valuable asset. It is a new type of property for attorneys to include in estate plans. When most people think about estate planning, they consider their physical assets—their home, antiques, valuable jewelry, stocks, and cash. Today, a recent type of personal property is expanding and creating valuable assets for older baby boomers and for Millennials and Read More