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Estate Planning & Elder Law Blog

Why Would I Put My Home in a Trust?

When you purchase and own a home, your name is on the title to the property, indicating ownership. However, you can transfer ownership of your residence to another person or entity in the form of a real estate trust.
06/02/23 • by: The Law Office of John A. Laine, P.C.
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Do Heirs Have to Pay Debts from an Estate?

First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.
05/25/23 • by: The Law Office of John A. Laine, P.C.
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Estate Planning for Blended Families

There are many different configurations of blended families. However, they are generally made up of married couples who have children from previous marriages or relationships.
05/19/23 • by: The Law Office of John A. Laine, P.C.
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Use Estate Planning to Prepare for Cognitive Decline

Data from sources like the U.S. Census Bureau shows in no uncertain terms that the U.S. population has grown older over the prior two decades.
05/19/23 • by: The Law Office of John A. Laine, P.C.
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Revocable Trusts Must Be Funded to Make Estate Plan Work

The primary benefits of revocable trusts only are available if a revocable trust is FUNDED during life. Unfortunately, experienced estate planning attorneys often have clients who delay the funding of their revocable trusts until it is too late and miss many of the benefits that these trusts provide.
05/03/23 • by: The Law Office of John A. Laine, P.C.
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Do Joint Accounts With Rights of Survivorship Work?

Joint accounts may seem like an effective way to prepare if parents need help with finances as they get older, but unexpected problems could crop up.
05/03/23 • by: The Law Office of John A. Laine, P.C.
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What Is the Meaning of Step-Up in Basis?

Step-up in basis, also known as stepped-up basis, is a wrinkle in the federal tax code that can help heirs avoid or reduce taxes on inherited assets.
04/24/23 • by: The Law Office of John A. Laine, P.C.
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What Elements are Overlooked in Estate Plans?

There are certain provisions that people often forget to put in a will or estate plan that can have a big impact on a family.
04/24/23 • by: The Law Office of John A. Laine, P.C.
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What Is Probate?

How this is handled now depends on the plans the deceased made when they were alive. For some people, that might mean probate.
04/24/23 • by: The Law Office of John A. Laine, P.C.
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Planning for Long-Term Care with Irrevocable Trusts

With the possibility of needing long-term care in the future, many people are interested in proactive planning.
04/20/23 • by: The Law Office of John A. Laine, P.C.
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