Blog | The Law Office of E.D. Medina LLC

Why Factoring Long-Term Care Into Your Estate Plan Pays Off

For most people, thinking about estate planning means focusing on what will happen to their money after they pass away. But that misses one pretty significant consideration: the need to plan for long-term care. The last thing any of us want to contend with when a health issue arises later in life is having to throw together a hasty estate planning solution in the face of mounting medical costs. Your best defense is careful planning with the help of a trusted expert. Why it’s so important to plan for long-term care While only about 19 percent of current U.S. residents will need to reside under long-term care for a period of over three years, that number sharply increases when factoring in nur

Wondering Whether You Need to Update Your Estate Plan? Yes, You Do and Here’s Why

Please allow us to be frank. It’s unrealistic to think that a piece of paper you draft, reflecting your life at a certain time, will work when your life has completely changed some years later. We’ll use the Kendrick family as an example. Meet Bill and Karen Kendrick. They got their first estate plan in place when their daughter, Jessica was born 30 years ago. They updated it when their son Steve came along 4 years later. They created a trust-based plan 10 years ago, protecting themselves, their children, grandchildren, and dog, Sadie. Here’s what’s changed in their lives in the last 10 years. Jessica and Steve are now adults and through college. ●Jessica has married and now had two daughter

Your Cyber Legacy: 3 Tips for Your Digital Assets

There’s an entire category of commonly-overlooked legacy to consider – digital assets. Don’t worry if you didn’t consider these assets when made your will or trust – it’s surprisingly common and, luckily, easy to correct. What are digital assets? They include: ●your photos (yes, all those selfies are a digital asset), ●files stored in the cloud or on your local computer, ●virtual currency accounts, ●URLs, ●social media profiles (Facebook, LinkedIn, etc.) ●device backups, ●databases, ●digital business documents, and ●because technology is ever-evolving, much more will be added as the months and years go by. These assets can have real value, such as virtual currency accounts, a URL, or digital

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Is Your Estate Plan as Stale as Last Week’s Ham Sandwich? 5 Reasons to Update Your Estate Plan

Not Just Death and Taxes: 5 Essential Legal Documents You Need for Incapacity Planning

Why Factoring Long-Term Care Into Your Estate Plan Pays Off

Wondering Whether You Need to Update Your Estate Plan? Yes, You Do and Here’s Why

Your Cyber Legacy: 3 Tips for Your Digital Assets