Think Your Estate Plan is Complete? Make Sure You’re Not Missing These Important Planning Points. You may have executed your last will, trusts, powers of attorney, health care directives, and funeral plans and feel a sense of accomplishment, and you should. However,...
When it comes to special needs planning, there are a few different options available to parents and caregivers. Two of the most common are ABLE accounts and special needs trusts. So what's the difference? And which is right for you and your special needs loved one(s)?...
When Johnny Cash died in 2003, his estate, worth an estimated $60–$100 million, was left mostly to his son, John Carter Cash, while his four daughters received $1 million each. The dispute over royalties from “Ring of Fire” led to a family legal battle that Cash’s...
FedWeek’s recent article entitled “How Assets Are Titled Can Make a Big Difference” discusses the different ways property may be titled, and the significance of each one. The way in which you take title to assets can affect your estate, taxes and perhaps the...
Did you know estate planning attorneys recommend anyone over age 18 have a power of attorney? Without one, even a long-married spouse may be unable to make financial or medical decisions if their spouse becomes incapacitated, according to a recent article "How to Set...
What Happens to Your Social Media Accounts at Your Death? According to Statista, more than 295 million people in the United States use social media.[1] If you are an avid social media user, have you considered what will happen to your accounts when you die? If you...
Important Questions to Ask When Investing in a Vacation Property According to the National Association of Home Builders, in 2018, there were approximately 7.5 million second homes, making up 5.5 percent of the total number of homes.[1] When it comes to estate...
Proper estate planning is essential for every adult American, but especially for those in the early stages of Alzheimer’s disease and other forms of dementia. Action must be taken sooner rather than later if you want to participate in the planning process itself....
One of the main goals of estate planning is to minimize the amount of taxes owed on your death. You can accomplish this through various means, including gifting assets during your lifetime, setting up trusts, and carefully selecting beneficiaries. As the saying goes,...
Identity theft is the last thing a grieving family should have to worry about after the loss of a loved one. Unfortunately, identity thieves have increasingly targeted the identities of deceased people, using their names and other identifying information to get credit...
More than a few estate planning attorneys meet with clients who haven’t looked at their will since their children were in diapers. The meeting occurs when the children have children of their own. This mistake can have grave consequences for everyone in the family,...
Traditional or non-traditional couples have the option of marrying, but not all couples wish to, according to a recent article from Kiplinger, “Marriage: When You’d Rather Not.” Planning for a life together without the legal protections provided by marriage means...
