Often times, people think trusts are only for the wealthy. In reality, creating a trust benefits anyone who plans to pass assets down to their heirs. Here's what you need to know about creating a trust and how a trust can benefit you. Why create a...
The internet is filled with articles on avoiding estate planning mistakes. At Boyum Law Firm, one specific mistake we recommend clients look out for is not updating or using beneficiary designations correctly. Read on to learn more about designating beneficiaries and how to avoid common...
A key component of estate planning involves naming individuals to stand in for you in the case of a medical emergency or death. We've written extensively on how to choose a legal guardian for minor children and what to look for in a personal representative,...
Estate planning, like grocery shopping or doing a load of laundry, is a task that's never completely checked off your to-do list. In fact, routinely updating your estate planning documents ensures your plan best protects you and your loved ones. Your estate plan doesn't need...
Estate planning is about planning for the unpredictable to protect your loved ones. If you've taken the time to sit down with an attorney to create a structured estate plan, you probably assume that it'll be smooth sailing for your loved ones when you pass...
Prince. Amy Winehouse. Bob Marley. What do these famous musicians have in common? None of them created a last will and testament before they died. A few weeks ago, Aretha Franklin, the Queen of Soul, became the latest star to die without a will. So,...
When a loved one passes away, they leave behind many loose ends, such as bills and assets. The person responsible for tying up the loose ends of the deceased is their personal representative. Serving as someone's personal representative is a daunting task, but you don't...
At Boyum Law Firm, we end every blog post with an invitation for our readers to contact us with their estate planning, Medicaid planning, and probate law needs. Whether you have questions that need answers or are ready for a free consultation, we want to...
Blended families, or families that include a stepparent, stepsibling or half-sibling, are common. In fact, according to a Pew Research Center study, 16 percent of U.S. children live in a blended family. When it comes to estate planning, the needs of blended families differ from...
Imagine lying in a hospital bed. You were in a car accident, suffered severe injures, and are in a permanent vegetative state. As the doctor explained to your loved ones, you won't survive without life support. So, what happens to you next? Well, that depends...