What to Do When a Loved One is Diagnosed with Dementia
A dementia diagnosis is a traumatic time for any family. Dementia happens slowly and progressively over time. In the early stages, some symptoms are often thought of as just signs of aging. Beginning signs can be as simple as losing car keys, forgetting where the car...
Now Is a Good Time to Review Your Estate Plan
For many of us, the holidays are a time to reflect upon the changes that have taken place over the course of the year. (There is certainly a lot to reflect upon this year!) As estate planning attorneys, the end of the year is a time to remind our clients about the...
Preventative maintenance
I bet you have some aspirin or Advil in the medicine cabinet, or maybe your favorite herbal tea will do the trick, if you are feeling under the weather. Sounds like you are prepared. What is your plan if the aspirin, advil and herbal tea don’t work? What if you...
What Will Happen to Your Digital Estate When You Pass Away?
Even if you are not tech savvy, you likely have a digital “estate” comprised of assets with financial and sentimental value. You probably also have plenty of personal information floating around out there in the digital universe. To protect these assets, and to ensure...
Estate Planning for Second Marriages
Second marriages can present unique challenges when it comes to estate planning, particularly if you or your new spouse have children from previous marriages. Let's take a look at some of the factors, tools, and strategies to consider when planning for a second...
Trust Funding
I have been thinking about the estate plan that you created. It includes a revocable living trust. Most of time revocable living trusts are created to avoid probate and plan for disability. We talked about your beneficiaries during your planning sessions and decided...
What’s Not to Like About an I Love You Will? Plenty.
An “I Love You Will” is a last will and testament in which the testator—the person who makes the will—leaves everything to his or her spouse. If you have thought about making a will in the past, you likely considered this approach. Perhaps you have already created...
If You’re Thinking About Downsizing Your Home in Retirement, Avoid These Common Mistakes
Perhaps you have considered selling your current home, buying a smaller one, and using the difference to help fund your retirement. A recent article on Investopedia.com explores this approach and details the mistakes you must avoid. Here are some of the highlights....
Estate planning awareness month. October is the month to plan.
We are well into October. In Alaska, we know what that means: cleaning up the yard, putting the outside lights up, changing our tires to studs, making sure there is an ice scraper and emergency supplies in the car, and maybe planning a warm vacation to break up the...
Tips for a Successful Family Business Succession
Fewer than one-third of family businesses survive into the second generation, while only 13 percent make it to the third generation. Here are some tips to beat the odds and help your business live on for generations to come. The sooner you start the planning process...
The Risks of Giving Adult Children an “Advance” on Their Inheritance
There are many reasons you might consider giving your adult children a portion of their inheritance now, while you’re alive and well. Maybe you’ve seen your nest egg grow thanks to a robust stock market, and you have more in savings than you thought you would at this...
Why Do People “Put Off” Estate Planning?
The statistics are rather alarming. In 2005, 50 percent of Americans had a will; today, only 32 percent of us have one. Meanwhile, only one in three Americans over the age of 55 has a durable power of attorney, and a mere 41 percent of this same demographic has...
Estate Planning Basics: An Introduction to Trusts
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. There are many types of trusts, capable of...
A Look at America’s Most Popular Pension Plan: Social Security
Approximately 50% of elderly Americans receive at least half of their income from Social Security. Let’s take a look at this important program and some of the changes we will see this year. Eligibility. Eligibility for Social Security is based on the number of credits...
Do You Need a Trust?
One of the first questions many clients ask is whether they need a trust. It's a great question, but it leads to another: What do you want your plan to accomplish? Let's begin with a brief discussion of what trusts are and how they work. Then we'll explore their...
Are you trying to figure out how to pay for the care of a loved one?
Are you trying to figure out how to pay for the care of a loved one? Is he or she at home and no longer able to manage on their own, or have a cognitive impairment, dementia, Alzheimer’s disease? Does the illness, impairment, or disability limit their ability to...
Are you going on a bucket list trip?
Are you going on a bucket list trip? Or just a fishing trip? Has your pain threshold approached the level that the doctor told you, if you get to this point, then we will schedule your surgery? Has a good friend or family member just passed away? Has your teenager...
Are you trying to figure out how to pay for the care of a loved one?
Is he or she at home and no longer able to manage on their own, or have a cognitive impairment, dementia, Alzheimer’s disease? Does the illness, impairment, or disability limit their ability to manage on their own? Is your loved one in the hospital and not able to go...
Anchorage Probate Lawyer Considerations Before Adding a Child to Your Bank Account
When working with families dealing with probate on a loved one’s estate, Anchorage probate lawyers often find themselves answering a variety of questions about how to avoid probate in the future. There are a whole lot of tools at the disposal of an probate attorney...
Have You Reviewed Your Beneficiary Designations Lately?
Maybe it’s an insurance policy you took out years ago. Or the retirement plan you set up with your employer the day you started working for the company. Or the IRA you have been scrupulously contributing to for two decades. You created them all to protect your...
Anchorage Will and Trust Lawyer: What Property Should Be in a Living Trust?
If you are reading our blog, you probably already decided that you want to create a living trust with an Anchorage will and trust lawyer to avoid probate and put a quick end to the estate administration process. You might also have decided that you want your estate...
Contesting a Will is Not Easy
Though not as often as movies and soap operas would have us believe, estate planning lawyers do sometimes deal with family members who contest their loved one’s will. The case of a contested will normally involves a person who feels the deceased did not properly...
Anchorage Special Needs Planning Attorney: How to Plan for Your Child’s Future When You Are Divorcing
Raising a child with special needs is challenging. Sadly, the stress of the situation contributes to the high rate of divorce among couples who are raising children with special needs. In fact, it is estimated that the rate of divorce in these households are between...
Alaska Will and Trust Lawyer: How to Plan When You’re Ill or Dealing with Health Challenges Related to Old Age
Serious health diagnoses can impact your life in huge ways and may bring concerns you haven’t thought of up to the forefront. One of those concerns, which is often pushed off when everything is going well, is estate planning and/or elder law planning. Planning can...
Law Office of Constance A. Aschenbrenner
907-334-9200
205 E. Benson Blvd., Suite 121-D Anchorage, Alaska
