Older adults are remarrying more and more often. In 1960, only 42% of previously married individuals 55 years and older ever remarried. In 2013 this number had grown to 57%, and by 2017 it had leaped an additional 10% to 67%. Second marriages are becoming progressively more common, which means that it is increasingly [...]
Wills and trusts serve many of the same purposes, so it is natural that the two are often confused. Both are important estate planning tools that help you organize your assets and ensure they are passed to the right people when you die. Both require the help of an experienced trust attorney or estate [...]
For many folks, trust funding is an alienating concept. Often, when we think of trust funds, we think of privileged socialites flexing their fancy lifestyles, and while this is a reality, it represents only a sliver of the ways trusts are used. Misconceptions like these obscure the benefits that trusts and trust funding can [...]
Estate planning is often misunderstood. One of the most common misconceptions is that estate planning only outlines the distribution of a person’s assets after they die. This is not the case, however, especially for parents who are responsible for the guardianship of minors who depend on them for care and financial support. While no [...]
When most people think about estate planning, they think about the physical assets that their beneficiaries inherit. While that certainly is a significant aspect of estate planning, there’s another critical element that often gets overlooked: digital assets. Properly planning for your digital assets can mean the difference between your heirs obtaining vital information, access [...]
Maybe it’s conspiracy thinking, but one has to wonder if the holidays fall at the end of the year to soften the blow of a new tax season’s arrival. After all, isn’t that what January brings? A new year, a new you…and new taxes to pay? While there’s no escaping this, readers will at [...]
Larry King had a will. Well, Larry King wrote a will. It said: ‘This is my Last Will & Testament. It should replace all previous writings. In the event of my death, any day after the above date I want 100% of my funds to be divided equally among my children Andy, Chaia, Larry [...]
The holiday season is a joyous time, but it can also be a stark reminder that our parents are aging and may need some extra care in the near future. That’s why now is a good time to ensure that the proper legal documents are in place, just in case something happens to them. [...]
Most people know one thing about probate: that they want to avoid it. But why? What is probate, anyway? Is it really as bad as people make it out to be? The estate attorneys at Caress Law have compiled the following list of probate questions and answers to help you better understand what probate [...]
Fall is ending, and the New Year is just around the corner. The holidays are a complex time of year, full of family gatherings, financial anxiety, joy, obligation, and—for many—the nagging awareness that this year, they really do need to talk to their aging parents about estate planning. No one looks forward to planning for [...]
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