Legacy Design Strategies
Omaha, NE, Minot, ND and Iowa Fall, IA Estate Planning and Elder Law Firm

Estate Planning and Elder Law Blog

Sort by Category:

Estate Planning and Long-Term Care: Navigating Costs and Care Options for Seniors

High healthcare costs often do not align with the fixed income of older individuals, raising concerns about affordability and accessibility. We explore the need for long-term care, why Medicare and Medicaid are not long-term options, and estate planning to plan for skilled nursing care proactively.

Posted on: May 16, 2024

Farm and Ranch Succession Planning in Omaha

From safeguarding agricultural assets to fostering smooth succession transitions, the decisions you make today will shape the future of your farm or ranch. We examine the nuances of succession strategies for farmers and ranchers, strategies to consider and why it’s important to plan now.

Posted on: April 19, 2024

A mother and son discussing how to avoid Guardianship Cases

Guardianship Cases Are a Delicate Balance: A Lesson From the McNair Family

The McNair’s case highlights a growing need in estate planning and elder law centered on the lines families walk when a loved one’s health and cognition are failing, and the family disagrees on how to protect and assist them. Our blog examines cognitive decline and estate planning strategies that protect aging family members and avoid costly and stressful disputes.

Posted on: March 26, 2024

A couple learning about Incapacity Planning in Nebraska

Guide to Incapacity Planning in Nebraska: Protecting Yourself and Your Estate

Incapacity planning is a crucial aspect for Omaha residents of managing your estate and ensuring that your wishes are honored if you cannot make decisions for yourself. This article will examine the various components of incapacity planning, offering comprehensive advice for anyone looking to secure their future. What Is Incapacity Planning? Incapacity planning involves preparing […]

Posted on: February 6, 2024

Are You Neglecting Your Estate Planning?

Estate planning is a vital part of financial management that often gets overlooked.

Posted on: December 22, 2023

Using Living Trusts to Protect Your Business Assets

Business owners work hard to build their assets and establish their companies. Therefore, it’s essential to ensure that these assets are protected for the business’s continuity and the owner’s peace of mind. One way of safeguarding these assets is by utilizing a living trust. This article discusses how a living trust can protect your business assets. What Is a Living Trust? A living trust is a legal entity created to hold assets, often for the benefit of certain individuals. It’s called a “living” trust because it’s established while you’re alive, unlike a testamentary trust, which comes into effect upon your…

Posted on: December 15, 2023

Why You Should Put Your House in a Trust

Putting a home into a trust has several benefits, from avoiding the lengthy probate process to providing potential tax advantages. This article discusses some of the intricacies of trusts and the importance of consulting with an experienced estate planning attorney. What Is a Trust and Why Is It Important? A trust is a legal arrangement where one person (the grantor) transfers ownership of their assets, like a house, to a trustee. The trustee holds and manages these assets on behalf of the named beneficiaries. One main benefit of putting property in a trust is to avoid probate, which can be…

Posted on: December 1, 2023

A funeral showing a black casket with flowers on top

What Happens When the Second Parent Passes?

However, settling the second spouse's affairs was more complex, even with advance planning. Everything from wills to banking to tax returns became more complicated.

Posted on: October 24, 2023

Now Is the Time for Estate Planning

As life is unpredictable, it is better to start planning sooner rather than later. In fact, upon attaining the legal age of majority in your state of residence (typically at age 18), you should begin considering some form of an estate plan.

Posted on: October 13, 2023