As parents, ensuring the well-being and security of our children is our top priority. In the realm of estate planning, appointing a guardian for your children is a crucial step in providing for their care and protection should anything happen to you and your spouse. In this guide, we’ll explore the importance of guardianship, how […]
How Does Guardianship Work? Understanding Guardianship in Estate Planning Read More »
Experiencing a personal injury can be a life-altering event, often resulting in significant financial challenges. However, when compensation is awarded through a settlement or judgment, managing those funds wisely becomes paramount. Establishing a trust for a personal injury settlement is a strategic way to safeguard the funds, ensuring long-term financial stability while preserving eligibility for
Navigating Trusts for Personal Injury Settlements: A Comprehensive Guide Read More »
The phenomenon known as the great wealth transfer could shift $72.6 trillion directly to these heirs over the next two decades. Many parents want to pass on their wealth, but also want to ensure the funds are used to make life easier and not be a crutch. See this recent article from Market Watch for
Gen Xers and Millennials Poised to Inherit Trillions Read More »
Powers of Attorney allow for someone you have specified to make decisions on your behalf during periods when you are incapacitated. For most people, a durable general power of attorney (POA) which has broad authority is the best choice. However, there are certainly situations where you may want to narrow the scope of your agent’s
How Can a Specific Power of Attorney Work for Me? Read More »
Creating a Limited Liability Corporation (LLC) for your business can be a wise part of your estate plan. LLCs helps protect assets and avoid taxes and probate. Limited Liability Corporations Provide Personal Protection from Business Liabilities If you are a sole proprietor or partnership, personal assets such as homes, cars and investments are subject to
Estate Planning and LLCs for Business Owners Read More »
Have you ever considered what would happen to your beloved pets in the event of your passing or incapacitation? No different than preparing for the care of minor children, you can create an estate plan that encompasses financial and guardianship care for your pets by utilizing a pet trust. As more people are becoming aware
Pet Trusts and Your Furry Loved Ones Read More »
Unlikely events can and do happen. If both parents of children die simultaneously, say in a vehicular accident, then who cares for their children? Who raises their children? Who determines how the money they leave behind for their children is spent? Guardianships and wills are essential for parents of minor children. These tools allow parents
Guardianships Are Essential for Parents of Minor Children Read More »
Estate planning is important for everyone, but it is especially important for business owners. Not having an estate plan in place can cause big problems for your business and your family. Estate Planning Can Avoid Probate If a business owner dies without an estate plan, the business will go through probate. This means a timely
Estate Planning Is Essential for Business Owners Read More »
As an estate planning attorney, I get this question often. Most people like the idea of being able to express their wishes whether it be for burial or cremation, choice of burial site, the type of casket or urn, the style of tombstone or cemetery marker, and the type of funeral rite and music. Though
When Creating Estate Planning Documents Should I Include My Funeral Wishes? Read More »
Though a will is essential to any estate plan, there are some things a will cannot do. It’s important to be aware of these situations and adequately discuss them with your estate planning attorney when preparing a will. Asset Transfers A will is not able to pass down all types of property. Wills cannot pass
3 Common Misconceptions About Wills and Estate Planning Read More »
