As an adult child, one of the most difficult decisions you will ever have to face is the decision to put a parent in a nursing home. If, however, your parent needs the type or level of care that you are unable to provide, choosing to find a nursing home for your parent is in his/her best interest. Once you have made the decision that a nursing home is the best option, the equally difficult task of finding the right facility is the next hurdle to get past. To make sure you find the right nursing … [Read more...] about 5 Steps for Finding the Right Long-Term Care Facility
Creating a plan for the distribution of your estate assets after your death is undoubtedly a primary estate planning goal; however, it will not likely be your only goal. Making sure that your loved ones can access those assets when they need them after your death should be an equally important estate planning goal. To achieve this goal, you must ensure that your estate is comprised of sufficient liquid assets. To help … [Read more...] about Why Is Estate Liquidity Important?
If you have adult children, you undoubtedly want to do all you can to prevent disputes between them after you are gone. While there is no way to accomplish that goal with 100 percent certainty, the Grand Forks estate planning attorneys at German Law Group offer the following tips to help prevent estate disputes between siblings. What Happens When There Is a Dispute Over Your Estate? No matter how old you are, nor how much warning and preparation an … [Read more...] about Can I Do Anything to Prevent My Children from Fighting Over My Estate?
The idea behind the concept of legacy planning is to take estate planning to the next level. Legacy planning allows you to incorporate your ideals, beliefs, values, and faith into your estate planning endeavors. Instead of simply leaving behind assets, legacy planning lets you leave behind much more of who you are and what made you into that person. To better explain, a Grand Forks legacy planning attorney at German Law Group explains how you can leave behind your legacy Traditional … [Read more...] about Leaving Behind Your Legacy
To the average American it may seem as though family farms and ranches are all but a thing of the past; however, family owned and operated farming and ranching businesses have seen a comeback in recent years as consumer awareness has increased with regard to the practices of many industrial size ranching and farming operations. If you own a family farm or ranch, and you plan to pass the business down to the next generation, it is imperative that you plan accordingly. A Grand Forks estate … [Read more...] about Why Estate Planning Is Crucial for Farmers and Ranchers
Do you have a loved one who has already been diagnosed with the early stages of dementia and you are concerned about what to expect in the future? Although we often use the terms “dementia” and “Alzheimer’s” interchangeably, they are not the same thing. A Grand Forks elder law attorney at German Law Group explains what you need to know about dementia and Alzheimer’s. Understanding Dementia Dementia is a broad term used to refer to a group of symptoms that may include impaired … [Read more...] about What You Need to Know about Dementia and Alzheimer’s
Unfortunately, even a well drafted and properly executed Will cannot prevent your heirs from contesting the Will. There are, however, some things you can do to decrease the likelihood of litigation during the probate of your estate. Including a no contest clause in your Will is one of those things. Your Last Will and Testament Executing a Will lets you make specific or general gifts of your estate assets to be distributed after your death. Whether you have amassed a substantial … [Read more...] about What Is a No Contest Clause?
One of the first practical steps that must be taken after someone dies is to determine if the decedent executed a Last Will and Testament. If the Will is located, it should indicate who the decedent appointed to be the Executor of the estate. If that person is you, it is completely understandable if you have mixed emotions about being about. Ultimately, do you have to accept the appointment though? The Grand Forks estate planning attorneys at German Law Group explain what to do if you do … [Read more...] about Can I Turn Down the Job of Executor?
By the year 2050, experts predict that for the first time in history, the older population (age 65 and older) will outnumber their younger counterparts (age 21 and younger). The growth in the senior population has caused an increased interest in elder care issues and concerns. While seniors face many of the same legal problems that younger generations face, they also have some unique legal issues. The Grand Forks elder law attorneys at German Law Group help you to recognize when you could … [Read more...] about Elder Law Questions and Answers
The moment you became a parent your priorities undoubtedly changed. Being a parent is both the most rewarding, and most terrifying, role you will probably ever take on. Protecting and providing for your children are your top priorities when it comes to estate planning. To help you achieve those goals, the Grand Forks estate planning attorneys at German Law Group discuss estate planning for parents with young children. Is a Last Will and Testament Enough? Your Last Will and Testament … [Read more...] about Estate Planning for Parents of Young Children