Is Our Home Community Property or Separate Property, and Why Does It Matter?

When two people get married, the property they obtain during their marriage is called marital property. This includes anything from real property like homes and rental properties, to stock options, investment accounts, heirlooms, and employment income. A common assumption is that spouses want to share their property with each other. This assumption is not always [...]

By |2021-09-10T12:35:37+00:00September 10th, 2021|Estate Planning|Comments Off on Is Our Home Community Property or Separate Property, and Why Does It Matter?

Selling a Deceased Loved One’s Real Estate: Things You Need to Know

After the death of a loved one, such as a parent, there are a variety of tasks that must be handled to wrap up your loved one’s final affairs. Selling your deceased loved one’s real estate is one of the more daunting ones. But before you call a real estate agent, you should take some [...]

By |2021-05-14T21:23:15+00:00May 14th, 2021|Estate Planning|Comments Off on Selling a Deceased Loved One’s Real Estate: Things You Need to Know

Providing for Your Parents in Your Estate Plan

If you are part of the baby boomer generation (born between 1946 and 1964), you may also find that you are a member of the sandwich generation, with responsibilities to both your parents (now or in the future) and your children. This should change the way you think about estate planning--instead of the traditional approach [...]

By |2021-04-16T20:51:37+00:00April 16th, 2021|Estate Planning|Comments Off on Providing for Your Parents in Your Estate Plan

What Happens If My Beneficiary Dies Before Me?

When planning for death, most people assume they will die before their beneficiaries (e.g., their spouse, children, and grandchildren). While these assumptions are often well-founded, they do not always come to pass. Sometimes a beneficiary of an estate or trust dies before the person leaving the inheritance. If this has happened to you, you may [...]

By |2021-04-09T12:29:50+00:00April 9th, 2021|Estate Planning|Comments Off on What Happens If My Beneficiary Dies Before Me?

Seven Ways to Avoid Family Fights over Your Property

Ask a group of friends if they have experienced a family fight over property after a loved one has died, and you will be in for a lively and eye-opening conversation. Far too many families end up fighting, or at least experiencing tension, over a family inheritance. But it does not have to be that [...]

By |2021-03-19T20:24:45+00:00March 19th, 2021|Estate Planning|Comments Off on Seven Ways to Avoid Family Fights over Your Property

How to Talk to Mom and Dad about Creating an Estate Plan

Conversations about death and dying are rarely fun. Most people avoid them because they invoke feelings about our inevitable demise. Broaching this subject can be particularly difficult for parents and their adult children. Adult children may avoid bringing up the topic because they do not want to think about their parents’ mortality, and they may [...]

By |2021-03-12T18:16:34+00:00March 12th, 2021|Estate Planning|Comments Off on How to Talk to Mom and Dad about Creating an Estate Plan

Should You Own Your Timeshare in Your Trust?

Timeshares have come a long way since they first arrived in the real estate market back in the ’70s. In the early days of timeshare ownership, high-pressure sales tactics, exceedingly vague contracts, and inflexible scheduling policies caused many people to quickly regret such purchases. Over time, however, timeshares have become more consumer-friendly with greater transparency [...]

By |2021-02-12T16:51:47+00:00February 12th, 2021|Estate Planning|Comments Off on Should You Own Your Timeshare in Your Trust?

Ways to Leave Your Real Estate to Your Loved Ones (and the Pros and Cons)

Owning real estate continues to be a very popular investment vehicle for individuals and couples alike. One attractive feature of investing in real estate is that investment property can also double as a personal residence. In other cases, real estate investments may be rental, recreational, commercial, or farm properties. Whatever the case, it is important [...]

By |2021-02-05T21:51:33+00:00February 5th, 2021|Estate Planning|Comments Off on Ways to Leave Your Real Estate to Your Loved Ones (and the Pros and Cons)

My Loved One Has Died: As an Heir or Beneficiary, Do I Need an Attorney?

You just found out that your favorite aunt, Aunt Melba, has died. In the midst of your grief and sadness, you receive a notice from the attorney handling Aunt Melba's affairs stating that you are a beneficiary. Your best friend advises you to get an attorney. What should you do? Will Aunt Melba's attorney help [...]

By |2021-01-08T21:38:51+00:00January 8th, 2021|Estate Planning|Comments Off on My Loved One Has Died: As an Heir or Beneficiary, Do I Need an Attorney?

3 Estate Planning Secrets the Wealthy Use That You Can Too!

Estate planning is complex and continually evolving. Often, affluent families are “early adopters” of the newest and best estate planning strategies. Luckily, by working with us, you can benefit from the same estate planning strategies that affluent families do.  Here are a few techniques we should discuss soon. Maintain an up-to-date, trust-centered plan.  The foundation [...]

By |2020-11-13T21:48:06+00:00November 13th, 2020|Estate Planning|0 Comments
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