by Jerome Porter | Jul 8, 2022 | Elder Law, Estate Planning
If I need help paying my bills or talking to doctors, I don’t know which of my two children should be my power of attorney. Can’t I just name them both? You can, but please don’t. You risk creating conflict or chaos if you name more than one child to...
by Jerome Porter | Jul 1, 2022 | Estate Planning, Special Needs
Enabling the Disabled In order to receive disability benefits, family money must be managed carefully in such a way that provides additional benefits for the disabled person. And, though the rules can be strict, disabled people are still permitted autonomy to own some...
by Jerome Porter | Jun 24, 2022 | Estate Planning
Structure-wise, a limited liability company (LLC) lies between a partnership and a corporation. Most small business owners are aware this hybrid legal entity is beneficial for financial management, yet an LLC is also a powerful estate planning tool for much the same...
by Jerome Porter | Jun 10, 2022 | Estate Planning
Estate planning practices are changing as family structures change. As recently as thirty years ago, a traditional family comprised a husband and wife who married young, purchased a home, had children, and worked toward financial stability and security. In 1949, 79.8...
by Jerome Porter | Jun 3, 2022 | Estate Planning
When you pass away, your loved ones should not have to inherit assets only to realize they can’t access them to pay for the expenses they will be responsible for afterward. Most retirees’ assets are in homeownership and retirement accounts, requiring a sale to...
by Jerome Porter | May 13, 2022 | Estate Planning
A charitable trust is a type of irrevocable trust that can benefit you, and the charity you choose, and provide income to your heirs. If you are philanthropically minded with nonessential assets like stocks or real estate, a charitable trust can offer many financial...
