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A few weeks ago on the blog we discussed Aretha Franklin's estate and how it was not subjected to any wills or trusts. In short, Franklin neglected to engage in estate planning of any sort. This may leave her considerable estate open to dispute as well as increased...
There are numerous online resources available now that promise to make it easy to create wills and other essential legal documents. However, it is critical to remember creating an estate plan is one of the most important things you will do for your family. You need to...
People who talk about estate planning often talk about the probate process. Generally speaking, the probate process is one where a court appoints someone to administer an estate after an individual's passing. This representative is then responsible for paying estate...
While most people think of estate planning as a major endeavor, and it is to a certain extent; however, it is not a goal that is obtained and then forgotten about. Instead, estate planning should be something that an individual engages in on an ongoing basis. Failing...
When done correctly, estate planning is rarely news worthy. However, when an individual, especially someone with notoriety or a large estate passes away without implementing the proper protectionary measures, the issue can certainly be worth talking about. This is...
As an estate planning law firm, we believe in the power of properly tending to one's assets so that they can be passed on in accordance with one's wishes upon death. However, even within the realm of estate planning, there are different strategies that can be...
When you are writing up your estate plan, you may have the desire to give some of your wealth to charity. Not only does charitable giving through estate planning make you feel good and make a positive impact on the world, but it can decrease your tax burden...
Last week on the blog we discussed how a special needs trust can be utilized as a way to better ensure that an individual qualifies or continues to qualify for certain government benefits like Medicaid. The special needs trust is a highly specialized type of trust...
Most people who think of estate planning think about the process where a plan is devised to distribute assets to loved ones upon that individual's death. Of course, this makes up a significant portion of estate planning, but it doesn't account for all of it. Powers of...
We've spent a lot of time on this blog discussing some of the pitfalls that can land an estate plan in hot water. Concerns over competency, vague or ambiguous terms and even fraud can all draw the validity of an estate plan into question. Yet, those issues may not be...
