A Commitment
to Each Client.
It is wise to update your estate plan periodically. Life changes. You may sell or acquire new assets. You could get married or divorced. You need to update your estate plan to reflect these types of changes as you focus on the future. At the same time, it is important...
People sometimes believe that they are too young to write a will or make an estate plan. They do know that these documents are important. It is just something they plan to do later in life, such as after they retire from their career or when they hit a specific age....
Many wills contain simple and straightforward terms regarding the distribution of property. Individuals name beneficiaries to inherit specific assets, and their personal representative secures those resources and then allocates them to the right beneficiary....
A power of attorney is an important part of an estate plan because it identifies certain individuals who can make decisions on another person's behalf. A power of attorney can often address legal, financial or medical decisions. For instance, someone could have a...
There are many potential reasons for estate disputes, which can lead to litigation. Beneficiaries and family members may not agree on how an estate should be addressed or what was actually intended in the estate plan. One example is if a specific beneficiary has been...
What happens to your assets after you pass away? This question is often decided by your estate plan. An estate plan is a legal arrangement that allows you to decide how your assets are distributed after you pass away. There are several important documents in an...
If you and your romantic partner have been in a long-term relationship with no plans to marry or to go your separate ways, you may “feel” married. It’s important to understand, however, that in some very important ways, you each lack legal protections that married...
Serving as a trustee can place you in difficult situations, especially if you are also a family member, business owner or beneficiary of the trust. A decision that seems practical may raise concerns if it appears to benefit you instead of the trust. That does not...
Both income taxes and estate taxes can affect what people inherit. An estate may need to pay the taxes owed by the person who died, as well as estate and income taxes incurred during estate administration. Heirs and beneficiaries do not receive the entirety of their...
Most adults know that they should have an estate plan in place to guide their loved ones about various matters if the creator becomes incapacitated or passes away. They may not realize that business owners need to have a component that other people don’t. Business...
