Legacy Design Strategies
Omaha, NE, Minot, ND and Iowa Fall, IA Estate Planning and Elder Law Firm

Estate Planning and Elder Law Blog

Request a Consultation

Sort by Category:

What are the Estate Planning Basics?

It's never too early to start working on how your things will be handled, once you pass away.

Posted on: August 7, 2020

What Is a Will Codicil?

Writing a will is an important part of creating a financial and estate plan. A will allows you to specify how you want your assets to be distributed among your heirs after you pass away. You can also use a will to name a legal guardian for your minor children. However, what happens if you need to change the terms of your will? That’s where a codicil can help.

Posted on: August 6, 2020

What Should I Know about Beneficiaries?

Whenever you open a financial account, you’re almost always asked to name a beneficiary. Simply stated, a beneficiary of the account is someone who is entitled to the benefits of the account, typically, on the death of the account holder. If you’ve purchased life insurance, for example, you name a beneficiary who receives the benefits of the policy when you pass.

Posted on: August 4, 2020

How Do I Include Care for My Children in Estate Planning?

Parents should make sure they have arrangements in place for the care of their minor-aged children, when planning their estates…

Posted on: July 30, 2020

There Is a Difference between Probate and Trust Administration

Probate and trust administration are not the same. There are important differences and similarities between administering a decedent’s probate estate and administering a decedent’s trust estate.

Posted on: July 29, 2020

Should I Write My Will During the Pandemic?

If the coronavirus has taught us anything, it’s that writing a will may be as important as hand washing and using hand sanitizer.

Posted on: July 24, 2020

How Is the Inheritance Tax on My Estate Paid?

Most of my money is in investments, and most of my beneficiaries will face the inheritance tax when I die.

Posted on: July 20, 2020

What Can a Strong Estate Planning Attorney Help Me Accomplish?

Too many people mistakenly believe that to have a need for estate planning, you must be old and wealthy. Nothing could be farther from the truth. Once you are a mature adult, independent, and income-producing, it is time to assume the responsibilities of preparing for your future. High on the list is preparing an estate plan with a clear understanding that your plan will be revised to adapt to changing circumstances.

Posted on: July 15, 2020

Still Procrastinating about Your Estate Plan?

Without an estate plan in place, clients will be reliant on state laws and probate courts to appoint individuals who will be responsible for financial affairs and health-care decisions, in the case of illness and ultimately the transfer of assets upon death.

Posted on: July 13, 2020

What Parts of Estate Plan Should Be Reviewed in the Pandemic?

Many people are taking this time at home during the COVID-19 crisis to update their estate plan. Here are six critical estate plan components you should focus on, in light of the current pandemic.

Posted on: July 10, 2020