Asset protection is particularly important if you work in an occupation that is at a high risk of lawsuits, although any entrepreneur should consider how to preserve their assets in the event of unexpected litigation. Otherwise, at some point it may be too late to...
Estate Planning
Estate planning basics for seniors
On Behalf of The Coleman Law Firm, PLLC Attorneys and Counselors at Law | Mar 19, 2024 | Estate Planning
As you reach the golden years, it is only natural to think of the future and how to ensure your loved ones are provided for after you are gone. Although most individuals put off the idea of creating an estate plan, it is a crucial step to safeguard your legacy and...
What are potential issues to look out for when estate planning?
On Behalf of The Coleman Law Firm, PLLC Attorneys and Counselors at Law | Feb 29, 2024 | Estate Planning
When estate planning, there are several issues that you should be aware of to ensure your estate’s personal representative distributes your assets according to your wishes and that you continuously protect your loved ones’ financial future. Here are some common issues...
Have you named a power of attorney?
On Behalf of The Coleman Law Firm, PLLC Attorneys and Counselors at Law | Feb 16, 2024 | Estate Planning
As you make an estate plan, your main focus is likely curating your estate in anticipation of your passing. You may be considering who would be your executor of your estate and beneficiaries. You may also consider using your estate plan to focus on important matters...
Does your life insurance need to go in your estate plan?
On Behalf of The Coleman Law Firm, PLLC Attorneys and Counselors at Law | Feb 6, 2024 | Estate Planning
When you’re creating an estate plan, you typically want to mention all of your major assets. High-value assets often lead to disputes, so you need to make a plan for things like the family home, a small business, your investment portfolio, bank accounts and much more....
How can you plan for medical care if you become incapacitated?
On Behalf of The Coleman Law Firm, PLLC Attorneys and Counselors at Law | Jan 23, 2024 | Estate Planning
Many people think about asset protection when they hear about estate planning. While that’s a critical component, there’s something else to consider – decision-making powers, especially when it comes to medical care decisions. Anyone who’s creating an estate plan...
What is a letter of instruction?
On Behalf of The Coleman Law Firm, PLLC Attorneys and Counselors at Law | Jan 5, 2024 | Estate Planning
You can cover most of your estate planning wishes through a few legally binding documents, such as a will, powers of attorney and, perhaps, a trust. More options do exist, of course. Yet you probably have a few thoughts bouncing around in your head that you are unsure...
What’s wrong with an online will?
On Behalf of The Coleman Law Firm, PLLC Attorneys and Counselors at Law | Dec 22, 2023 | Estate Planning
You can base your whole estate plan on an online will if you wish, but it is not advisable. Despite the apparent ease of creation and the attractive price, for most people, it’s just another of those internet offers that are not as good as the sellers want you to...
Considerations for selecting a fiduciary for your estate
On Behalf of The Coleman Law Firm, PLLC Attorneys and Counselors at Law | Dec 8, 2023 | Estate Planning, Probate and Estate Administration
Part of estate planning involves selecting a fiduciary, the person who will play the role of managing and distributing your assets according to your wishes after your death. Your fiduciary can be an executor, trustee, or personal representative, and their role is...
Why new parents need to make an estate plan
On Behalf of The Coleman Law Firm, PLLC Attorneys and Counselors at Law | Dec 7, 2023 | Estate Planning
People sometimes assume that estate planning is an activity to engage in when they retire. They may be waiting until they are in their 60s or 70s to make a plan that passes their assets on to the next generation. But it can be risky to procrastinate estate planning,...
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