Very infrequently can trust work be described as exciting or fast moving. Most trusts are founded on long-standing laws and move slowly. This has not been the case this year, however. Recent tax law changes have brought life to the use of non-grantor trusts for avoiding State and Local Tax Read More
News recently broke that Aretha Franklin died without a will or trust. The same fate recently befell Prince as well. This is referred to as dying intestate. It brings additional fees as well as a time consuming court process. It is an avoidable distraction when your family should be focusing Read More
Clients are often surprised to find lower insurance premiums can cover the cost of forming and maintaining their trust. In fact, depending upon the industry, it is possible to save more than you pay. This means forming a trust can be a mini “profit center” for your company. A wide Read More
Estate planning becomes more complex with blended families. There are a myriad of estate planning issues to think about. Some of these issues may surprise you at first; others will make total sense. If you feel confused or have questions, consult with a qualified estate planning attorney.
Privacy is a fundamental right and intrinsically worth pursuing. It is funny, then, that clients, without prompting, frequently express they are not engaged in illegal activities. The problem is clients desire privacy, but feel odd expressing this. They inaccurately assume a majority of those seeking privacy are up to no Read More
Your life’s journey will take many roads and involve many individuals. One of the most complicated parts of our lives happens after we’re gone. Estate planning is especially complicated for elderly folks – widows and widowers who end up, for lack of better term, shacking up.
For many families, discussing financial matters ranges from being merely uncomfortable to being a taboo subject. Estate planning largely has to do with financial affairs, and with the added element of dealing with death, it becomes another topic that makes most people squirm. The result is that often, estate planning Read More
Many financial experts advise to make sure that you have a will and a revocable living trust. This is sound advice and here is why. If you die without a will, the state that you live in will decide on how your estate is distributed. The state will also decide Read More
Just as you wouldn’t want a cardiologist treating you for an eye problem, neither do you want a contract attorney representing you in traffic court. As in the case of medicine, you’ll find that attorney listings are generally categorized according to a number of specialties. When you conduct you attorney Read More
A last will and testament cannot be used to handle your affairs if you experience a mental disability. Medical and Financial Powers of Attorney (“POAs”) are necessary documents for the creation of a solid estate plan. POAs allow you to name an agent to make decisions for you if you Read More