Bravo! You did it! You finally have an estate plan. After all these years of “waiting for the right time” and “talking it over” with your spouse, your estate plan is complete. It must feel nice to finally breathe that sigh of relief knowing that your present and your future is secure—talk about … [Read more...] about Congratulations—You Have An Estate Plan!
While taxes are an important element of estate planning, especially for those subject to state or federal estate taxes, consider the following important non-tax reasons to plan. Incapacity. Are you going to become incapacitated? Of course, we don’t have a crystal ball to tell us the answer, so … [Read more...] about Non-Tax Reasons for a Estate Plan
I have been having a lot of my clients ask me about letters they are receiving about a lottery they just won (it is rarely called “lottery”, but that term captures the premise). The letter reads that they have won $1.2 million (or some other large dollar amount), and all they have to do is send $20 … [Read more...] about Lottery Scams – Don’t Fall Prey
As we are about to ring in a new year it is out with the old and in with the new and so it is with estate planning. There have been significant changes in estate planning in the last few years that affect how we do estate planning for the future. The following are some of the recent developments … [Read more...] about Updates & Improvements to Estate Planning for 2015:
With the holidays upon us, many of us wonder what to get the one loved one that has everything. We all have an aunt, uncle, cousin, sibling, or parent that already has everything. Each year we struggle to find that meaningful, unique gift that they need but do not have. In the end, we end up … [Read more...] about The Best Present for the Person Who Has Everything!
The other day I wrote about the perceived expense of attorneys. The premise being that the expensiveness of the attorney’s service is based on the value that you will be receiving. So today’s question is what do you value? Said another way, what do you care about? In most instances people care … [Read more...] about Are Attorneys Expensive? Part Two
Have you ever seen members of a family divided and torn apart after their loved one passes away? Sometimes family members fight with one another over silly simple stuff that could have been avoided if the deceased had expressed his/her wishes in a letter of instruction. For example, Aunt Mildred had … [Read more...] about The Instruction Letter
As we near the end of 2014, it’s time to begin thinking about how to make 2015 an exceptional year. Every year, millions of people across the world make New Year’s resolutions. These resolutions come in many forms. Weight loss goals are common, though many are often abandoned within the first … [Read more...] about Make Estate Planning a Part of Your New Year’s Resolution
A trust, when boiled down, is just words on paper. It is critical to have the right words, but words are all it is. So if you have a trust, and you signed the document (i.e. you “executed” the trust), do you think you are all done? The answer is no. Making sure your assets are controlled by your … [Read more...] about Funding a Trust – What does it mean?
I was making lunch this morning, and went to fill the container with ice water, and I could not find the container. It was not where it has always been. I continued with my morning routine, and opened another cabinet to get a bowl for my cereal and there were the ice water containers! My wife … [Read more...] about Getting Organized