Blog
May 16, 2022
The 2013 United States Census indicated that 54 percent of women over the age of 65 were not married. The figure for men over 65 was 27 percent. There are many reasons for this, of course, including divorce, the death of a spouse and changes in the way couples today view marriage. However, one thing unmarried people seem to have in common is that their planning needs can be quite different from those of married couples.
Read MoreMay 10, 2022
Approximately 3 million Americans move to another state each year, while last year alone the number was 4.7 million. Given the stress and myriad changes that come with such a move, it’s not surprising that many people forget to review their estate plans.
Read MoreMay 3, 2022
A spendthrift trust is typically used to prevent a beneficiary from receiving his or her inheritance all at once. There are several reasons why a grantor (the person who creates the trust) might want to consider such an approach.
Read MoreApril 21, 2022
When your children turn 18 they are legal adults. They might not act like adults all of the time, and you may still be supporting them financially, but in the eyes of the law they are indeed adults. This means that you can no longer make certain decisions for them, including health care decisions.
Read MoreApril 14, 2022
Last time we discussed some of the terminology associated with trusts. Now let’s look at how revocable trusts differ from irrevocable trusts and the benefits of having a trust.
Read MoreApril 8, 2022
Perhaps you have heard about trusts but wonder exactly what they are and what they can help you accomplish. Simply put, a trust is an agreement outlining how assets will be managed and held for the benefit of another person.
Read MoreMarch 30, 2022
An article in Kiplinger, a top-tier personal finance magazine, discusses an aggressive approach to financial planning in your forties. The highlights are summarized below to better help you reach your personal financial goals.
Read MoreAug. 28, 2020
What is a revocable trust? Many people talk about trusts, but have little idea to as what they are or how they operate. McKelvey Law Offices, LLC is here to help.
Read MoreAug. 26, 2020
A Power of Attorney, POA for short, is one of the most important legal documents an individual should have in today's world.
Read MoreAug. 26, 2020
A question many parents and grandparents ask is, “How do I make sure my children or grandchildren are taking care of in the event I die before they reach 18 years of age?” Maybe not exactly that question, but I hear some form of that question from clients with children
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