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Estate Planning Tag

Protect Your Digital Legacy

Digital legacy planning with Siegel Law Group.

Are you worried about your digital legacy? Don't leave things to chance, let's work together and start planning now. [contact-form-7 id="4289" title="Protect Your Digital Legacy Lead Gen"] Proper estate planning is important to ensure that last wishes, assets, and accounts are handled properly when you or a loved one passes on. The rise of the internet and social media in the last twenty years has created a new exigence for wills and trusts - handling the digital legacy of the deceased. Without usernames and passwords, it may not be possible to recover some digital assets or access online accounts. A recent, tragic...

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What Can an Elder Law Attorney Do For You?

What elder law attorneys can do for you by The Siegel Law Group

Whether you’re 9 years old or 90 years old, you’re going to need experienced legal advice at some point in your life. While younger people may need an attorney for a variety of reasons, elder adults tend to need legal advice in regards to estate planning, health care considerations, and issues affecting Social Security and Medicaid, to name a few. Elder adults often need legal counsel for a variety of issues relating to their stage in life. That’s where an elder law attorney comes in! Elder law attorneys are equipped with experience in a multitude of legal practices, however, not all...

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Will Your Estate Plan Work The Way It Should?

Will Your Estate Plan Work The Way It Should? From the Siegel Law Group in Boca Raton

At Siegel Law Group, we understand that estate planning is a process that takes careful thought and consideration. Our team of experts can help ensure that your estate plan works the way it should. Using strategic long-term thinking, the estate planning process can be taken care of seamlessly. Put your trust in the right legal hands. Funding Asset titles must be changed so that the signed estate planning documents can control them to complete the estate planning process. Retitling your assets is known as funding. Funding your trust involves changing the title to assets which may be owned individually, in joint tenancy,...

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Why Young Families Need To Have Estate Planning Documents

Young Families

Young couples have lots of “firsts” to look forward to: moving in together, buying a home, getting married, and having children. With all this excitement it is easy to forget the elephant in the room—having an estate plan in place. Young couples often feel invincible and do not want to have to think about all the “what-ifs” of becoming injured or passing away, leaving their children to grow up without them. But that is what estate planning lawyers are for…to protect you from all the “what-ifs” that life may bring. It is important for young couples to have estate planning documents...

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You Can Trust Your Children, Right?

elderly man and middle-aged man

Most often when parents become elderly, they turn to their adult children to handle their affairs. It is usually the most logical solution - who can you trust more than your own children? Unfortunately, there are certain cases where the logical choice ended up backfiring. Take the case of 87-year-old Ellen and her five children. Her oldest son, Bob, has been given power of attorney by Ellen, which gave him access to all of her accounts. As the saying goes, with great power comes great responsibility and Bob had failed that test when he started stealing most of his mother’s money,...

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What to Consider When Leaving Money to Minors

living trusts

If you are considering setting up a fund for your children - it may seem like a confusing process but you don’t have to do it alone. There are various options when deciding how to leave money to a minor like living trusts. As minors can’t own investments outright, it is important to choose an option that best fits your intentions. At Siegel Law Group, we help you understand your options and choose the best one. Let’s talk about UGMA and UTMA UGMA is a Uniform Gift to Minors while a UTMA is a Uniform Transfers to Minors. The greatest distinction between...

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It’s Time to Prepare Your Estate Plan

estate plan

The nature of a parent is to worry about one’s children. We worry so often over our children’s education, their happiness, their health. The biggest worry? Who will take care of our children if anything should happen to us? Questions like these are why it is imperative to prepare an estate plan that will protect your children before it is too late. Family estate planning can ensure that the estate remains in the family and that your children are protected and well cared. Guardianship Should something happen to you that may hinder your ability to care for your children, a guardian can...

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Probate & Estate Planning

Everyone Fears It, But Few Know What It Is Typically, people begin estate planning with the intention of avoiding probate. Probate has been given a bad reputation, but there is nothing inherently “bad” about it at all. Probate protects a person’s rights and wishes in the event that they pass intestate, or without a will or trust. With probates, a judge determines the distribution of the deceased’s assets in accordance with state law. Probate can be extremely helpful in cases such as determining a suitable guardian for a minor after the unexpected passing of a parent. What Happens During the Probate Process? The legal procedures...

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Understanding Trustees: What Do They Do?

If you or a loved one have been designated as the Trustee of a Trust, it is crucial that you understand its roles and responsibilities. This month, we looked at the duties that come with being a Trustee, and what the Siegel Law Group, P.A. can do for you. What is a Living Trust? A Trust is a legal arrangement through which an individual, referred to as a Trustee, holds legal title to effectively manage their own assets or another person’s assets. Generally, the Grantor will name themselves as the initial Trustee and assign another person or entity to serve as the...

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Revising Your Estate Plan After Divorce

Divorce can be hard, especially when it involves retirement and Estate Plans. Wills, Trusts, and other Estate Planning documents are rarely on the top of one's mind during the emotional process of divorce.  However, it is critical to take the time to secure and update your Estate Plan to reflect your wishes soon after the divorce proceedings.  Here’s what you should know: 1. Life Insurance Policies After a divorce, it is important to review all beneficiary designations. While some states will automatically terminate a former spouse as a beneficiary, you will want to take the steps necessary to ensure that your beneficiary forms...

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