While a trusted estate planning attorney can help you understand the differences and help you create both, we’d like to go over the differences between these two important documents so you get a better understanding.
Legal Insights
Is Your Business Divorce Proof?
In Rhode Island, as in most states, all assets created or acquired during the marriage are considered marital assets. That means that whatever business you own and the money you make from it is shared with your spouse.
Understanding How to Use a Power of Attorney
On behalf of Sayer Regan & Thayer of Sayer Regan & Thayer, LLP posted on Wednesday, December 9, 2020. From incapacity to frequent travelers to old age, there are many reasons why one would need to set up a power of attorney (POA). With this...
Should You Transfer Ownership of Your Home to Your Children?
When people get older, they may start feeling pressure to protect the assets they have worked their whole life to obtain. One solution is to transfer assets to their children, to prevent the state from taking their money for long-term care or for taxes.
While there is some truth to this line of thinking, it’s not always wise to directly transfer assets to your kids.
Legal Liabilities for Virtual Real Estate Showings
On behalf of Sayer Regan & Thayer of Sayer Regan & Thayer, LLP posted on Tuesday, December 1, 2020. With the pandemic hitting the pause button on many in-person showings, tours and open houses, more and more home sellers and real estate...
Issues With a “Gray Divorce”
On behalf of Sayer Regan & Thayer of Sayer Regan & Thayer, LLP posted on Wednesday, November 16, 2022.—
Divorce rates among people 50 and older are booming. This so-called “gray divorce” phenomenon (referring to people over 50 facing divorce as opposed to younger adults) is particularly on the rise for Baby Boomers. The Pew Research Center says the divorce rate has doubled since the 1990s for American adults over the age of 50, leading to significant financial implications, particularly for females.
Spousal Inheritance of Real Estate
On behalf of Sayer Regan & Thayer of Sayer Regan & Thayer, LLP posted on Monday, November 8, 2022. If you are married but don’t have a will, you may wonder: Does my spouse automatically inherit all my real estate in the event I die? You may assume this to be...
When Litigation is Better Than Mediation
Sometimes circumstances arise where litigation becomes a better option than mediation, such as with a personal injury, breach of contract, or medical malpractice case.
Who and What Should be Included in Your Will?
On behalf of Sayer Regan & Thayer of Sayer Regan & Thayer, LLP posted on Thursday, October 13, 2022. Whether you don’t have a will yet and want one, or you already have a will but need to amend it, it’s wise to get in touch with your trusted estate planning...