When purchasing your first home, you should think about drafting an estate plan. After you pass away, an estate plan will guarantee that your desires are carried out and your assets are correctly handled. Estate planning can also safeguard loved ones from costly inheritance taxes and other financial responsibilities that come with inheriting property. Creating…
We are delighted to announce that Filippi Law Firm, P.C., now offers an estate plan specifically designed for young adults. We recognize the invisible legal gap that faces the majority of adults; 67% of Americans do not have estate plans. The top reasons are: they think they do not have enough money or assets to…
Why is an estate plan necessary for a young adult about to enter college? As a parent, you want to ensure that your child is prepared for any event that may arise in life. Making an estate plan is one of the most important things you can do as a parent before sending your child…
Heading off to college is an exhilarating time filled with personal growth, new experiences, friendships, and exciting challenges. Amidst the excitement, it’s crucial for both college-bound young adults and their parents to address important legal matters. You can have peace of mind and be prepared for unforeseen circumstances by taking the necessary steps to have…
How to Avoid Common Estate Planning Mistakes Estate planning involves arranging the handling of your assets and finances for when you pass away. It involves determining who will inherit your assets, which taxes must be paid, and how to minimize estate and inheritance taxes. In addition to drafting wills and trusts, estate planning entails drafting…
Important Items to Bring to an Estate Planning Lawyer Consultation Planning for the future is a smart and responsible initiative that everyone should take. When it comes to estate planning, it is essential that you seek the guidance of an experienced estate planning attorney. You can book a free consultation with us at Filippi Law,…
Essential Legal Documents You Need When Your Child Turns 18 Turning 18 is a big milestone for a young person and their parents. It signifies the commencement of adulthood, new responsibilities and rights. As parents, you must ensure that your child is prepared for the legal and financial responsibilities that lie ahead in their adult…
Top 10 Assets Your Estate Planning Attorney Should Include in Your Estate Plan Real Estate: This typically includes any property you own, including your primary residence, vacation home, and investment properties. Your estate plan should specify who will inherit your property and how it will be administered after your passing. Bank Accounts: This includes all…
What is the best age to create an estate plan? The best age to create an estate plan is at eighteen, but what is the second best time? However old you are right now. The sooner, the better, because an estate plan is essential if you have many or few financial assets. Here is why:…
What is power of attorney? A power of attorney (POA) is a legal document that grants someone else the power to act in another person’s name. It can be used in a variety of circumstances, such as when a person is unable to handle their affairs or make decisions because they are incapacitated or out…
