Blog - Page 8 of 39 - Monk Legal

What Can Special Needs Trust Proceeds Be Used For?

Posted on October 25, 2021

A special needs trust can be an extremely valuable estate planning tool. Designed to provide a person with special needs funds to help ensure a certain quality of life is enjoyed without jeopardizing eligibility for need based government benefits, a special needs trust can cover a wide range of expenses on behalf of...

Add Estate Planning on Your Moving To-Do List

Posted on September 22, 2021

Moving can be a great adventure! Sometimes a change of scenery and a new place to grow roots can be the start to an exciting new chapter of your life. As you embark on your fresh start, you likely have a long list of things to get done. There will be the logistics of...

Why You Should Plan for Long-Term Care As Soon As Possible

Posted on September 15, 2021

Statistically speaking, most of us will need long-term care at some point in our lifetime. Usually, this will occur later in life. Because of this, many people delay thinking about it or planning for it. The cost of long-term care, however, may surprise you. It may even shock you because it is so...

Things to Consider in Choosing Your Health Care Surrogate and Power of Attorney Agent

Posted on August 31, 2021

Estate planning includes much more than plans for after you die. In fact, many important legal tools that are included in a comprehensive estate plan provide protection for you and your wishes while you are still alive. The health care surrogate and power of attorney documents are two such examples. With a health...

What Happens During Probate?

Posted on August 29, 2021

Have you heard of probate? It is the court-supervised process of administering a person’s estate after he or she dies. A notoriously lengthy and costly process, people often seek to establish estate plans that allow for avoiding probate, at least partially. Why can probate be so time consuming? Well, there is a lot...

What Is a Revocable Living Trust?

Posted on August 26, 2021

The idea of establishing a trust may be intimidating for some people. Trusts have developed a reputation as only being for the wealthy. The truth is, however, that many people could benefit from establishing a trust as part of their estate plans. There is a wide range of trust types, each of...

What You Need to Know About the Proposed For the 99.5 Percent Act

Posted on July 26, 2021

While you might not necessarily think of estate tax is a hot news topic, it has been recently. This has been, in large part due to the “For the 99.5% Act” that Senator Bernie Sanders proposed on March 25, 2021. The sweeping changes in estate planning law that would be made should this...

What Can Delay the Probate Process?

Posted on July 22, 2021

If you have done any initial investigation into the many benefits of estate planning, you may have read that one of the big potential perks of comprehensive estate planning is that you can put tools in place that help your assets from avoiding probate, in whole or in part. Why is it so...

How to Choose a Personal Representative

Posted on July 19, 2021

The personal representative of an estate has a lengthy list of important tasks to accomplish in probate proceedings. In fact, while probate is the court-supervised process that follows in the wake of a person’s death, the personal representative is instrumental in helping to ensure that probate goes smoothly, that everything needed gets done, and...

What Is the Elective Share?

Posted on June 30, 2021

Have you ever heard of the elective share? While many have not, it can have significant impact on a person’s estate plan. Established in state legislatures across the U.S., elective share laws work to protect the right of a surviving spouse to inherit. Here, we will discuss the elective share in more detail. What...