by Knee Law | Jul 21, 2023 | Power of Attorney
Summary: Powers of attorney are important estate planning documents that give individuals the legal authority to make decisions on behalf of somebody else. Power of attorneys often go into effect when the principal becomes incapacitated, but they may also be used when...
by Knee Law | Jun 18, 2023 | Trusts
Reasons to Consider Adding a Trust to Your Estate Plan It’s estimated that those born between 1944 and 1964 will transfer nearly $30 trillion in wealth to their children and grandchildren. While there are many ways to transfer assets to beneficiaries, it may be...
by Knee Law | Jun 4, 2023 | Probate, Probate Administration
Tips for Avoiding Ancillary Probate in Your Estate Bequeaths In the United States, about 7.15 million single-family houses are second or vacation homes. This accounts for just over 5% of the American housing stock, and these houses often complicate the distribution of...
by Knee Law | May 25, 2023 | Estate Law
Millennials typically have a lower net worth than their parents, and they carry substantial student loan debt. Additionally, they aren’t saving enough for retirement. What’s more, since they are often responsible for children, older adults, and sometimes...
by Knee Law | Apr 30, 2023 | Estate Law, Estate Planning
For the most part, grantors are required to give up all control of gifted assets. This has many people so afraid of estate tax inclusion that they are completely repelled from this option, but the 529 plan provides the single exception to the rule. Section 529 of the...
