Elder Care & Elder Law Blog

Milford Estate Planning Attorney Asks: Do You Know How to Manage Your Inheritance?

December 28, 2012

Franklin A. Drazen

Receiving an inheritance is both an honor and a responsibility, and estate planning attorneys constantly see individuals who are just not ready to take that on appropriately.  Unlike items of sentimental value, such as jewelry or family heirlooms, a financial inheritance was likely meant to be used toward your own monetary goals.  The temptation to...

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How Do You Treat Children Fairly When It Comes to Wills and Trusts in Milford?

December 28, 2012

Franklin A. Drazen

Wills and trusts lawyers in Milford see just about every circumstance which results from a parent’s death.  Some siblings handle the will and trust administration gracefully and with dignity, while others turn to squabbling and pettiness.  When we work with our clients, they are often very concerned about how to treat their children equally when...

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Estate Planning for Your Small Business in Milford

December 28, 2012

Franklin A. Drazen

When it’s time to start your estate planning process (that time is right now, by the way), entrepreneurs need to remember to take their small businesses into consideration.  Whether you own the entire business outright and work for yourself or you simply own a portion of the entity, you will need to leave instructions for...

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Sharing Financial and Legal Information with Your Family in Milford

December 28, 2012

Franklin A. Drazen

Every family has its own approach when it comes to talking about financial and legal information.  Milford will and trust lawyers see everything from very open and transparent situations to those where discussions of money are considered taboo.  In reality, families which are at the estate planning phase should be having at least some superficial...

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Planning for the Future with a 529 Plan | Orange Trusts and Estates

December 28, 2012

Franklin A. Drazen

If you already have children or are making plans to grow your family, it makes sense to consider a 529 plan.  These are plans which are set up before your kids even head out to college, allowing you to put money aside for tuition so it will be there when you need it. There are …

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Milford Estate Planning Attorney Offers Advice on How to Choose a Guardian for Your Child

December 28, 2012

Franklin A. Drazen

One of the most important jobs of an estate planning attorney in Milford is to help parents choose the right guardian for their children.  This is the person (or people) you designate to care for your minor children if you should die before they become adults.  Working with an estate attorney to choose a guardian …

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