Should you have Co-trustees when preparing your Estate Planning

When clients select a successor trustee for their trust, they frequently choose one person to serve as a successor trustee at a time. Many attorneys continue to recommend that only a single trustee be appointed to avoid the potential for disagreements or conflicts between co-trustees during the trust administration after the trustmaker’s death or disability. [...]

By |2021-08-27T20:46:00+00:00August 27th, 2021|Estate Planning|Comments Off on Should you have Co-trustees when preparing your Estate Planning

Estate Planning Is More Than Just Death Planning

Many believe that estate planning is simply instructions on how to distribute your assets when you pass away, but the reality is that proper estate planning can do much more. While one major benefit of estate planning is to provide for your family and friends when you are gone, there are many benefits for you [...]

By |2021-07-23T20:10:46+00:00July 23rd, 2021|Estate Planning|Comments Off on Estate Planning Is More Than Just Death Planning

Caught in the Undertow: How No Estate Plan (or a Bad One) Could Leave Your Family Overwhelmed

Many people love to spend part of their summer vacation at the beach, enjoying the ocean and sunshine. But there may be unseen dangers that are crucial for beachgoers to keep in mind: For example, the undertow is a current of water, often quite powerful, below the surface, that is moving away from shore when [...]

By |2021-07-02T13:44:31+00:00July 2nd, 2021|Estate Planning|Comments Off on Caught in the Undertow: How No Estate Plan (or a Bad One) Could Leave Your Family Overwhelmed

What Are the Rights of a Child Born Outside of Marriage?

Despite the prevailing view, children born to unmarried parents are commonplace. Historically, children in this category were treated poorly by both society and the law. In many cases, they had no right to inherit from either parent. This legal scheme eventually changed and provided means for these children to inherit from their mothers, but rarely [...]

By |2021-06-04T20:29:47+00:00June 4th, 2021|Estate Planning|Comments Off on What Are the Rights of a Child Born Outside of Marriage?

Estate Planning After Personal Injury Settlements

In the hectic and sometimes dangerous world that we live in, it is an unfortunate fact of life that accidents happen and people get hurt. The U.S. legal system is designed so that those who suffer injury through the avoidable fault of others can seek compensation for those injuries. Sometimes injuries are so severe that [...]

By |2020-09-04T17:58:24+00:00September 4th, 2020|Estate Planning|0 Comments

Special Estate Planning Considerations for Art and Other Collections

Many people have collections about which they are quite passionate: The collections may be very valuable, for example, art collections, coins, stamps, or designer handbags, or they may have more sentimental than monetary value, such as political bumper stickers, postcards, or rocks. Regardless of its dollar value, if you have a collection, it should be [...]

By |2020-08-21T20:09:35+00:00August 21st, 2020|Estate Planning|0 Comments

Legal Requirements to Consider When Selecting an Executor

The person you choose to be your executor (sometimes called a personal representative) will play an extremely important role, as that person will be responsible for gathering, securing, managing, and ultimately distributing your money and property when you pass away. As a result, you should make your selection only after careful consideration regarding who is [...]

By |2020-07-24T11:45:18+00:00July 24th, 2020|Estate Planning|0 Comments

Planning for the Financial Future of a Troubled Adult Child

Your 3-Step Guide to Creating an Informed Estate Plan Are you concerned about any of your adult children? Estate planning can pose extra challenges for families with adult children struggling with addiction, marital issues, or irresponsibility with money. The last thing you want is for your wealth to end up having a negative impact on [...]

By |2020-06-05T11:32:06+00:00June 5th, 2020|0 Comments

Keeping the Peace After You Are Gone

Planning With an Aim Towards Building Unity A will or trust contest can wreak havoc on families. The conflict can result in possibly irreparable resentment and loss of familial communication. Old rivalries and disputes can resurface during the trying time that occurs after the death of a loved one, especially a parent.  But careful estate [...]

By |2020-05-04T14:29:45+00:00May 1st, 2020|Estate Planning|0 Comments
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