Although joint tenancy offers some short-term conveniences, in the long run it poses a host of problems that can cost you and your loved ones multiple times the expense and headaches that you thought you were avoiding. For the vast majority of American couples, “till death do us part” also means, … [Read more...] about Problems with Joint Tenancy
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What is a Power of Attorney?
A Power of Attorney is a document in which the “Principal” gives powers, duties, and responsibilities to the “Agent” who acts for the Principal under certain circumstances. The Power may be over health matters (a Health Care Durable Power of Attorney – also known as a Health Care Proxy or Advance … [Read more...] about What is a Power of Attorney?
Estate Planning 101 Wills vs Trusts
ESTATE PLANNING 101 – WILLS vs TRUSTS Your estate plan should accomplish some extremely important things, including protecting you, your assets, and your loved ones both now and in the future. Given everything your plan can, and should, do for you and your loved ones, you may not know where to … [Read more...] about Estate Planning 101 Wills vs Trusts
Go Red for Women
Heart disease is the number one killer in the United States. One in three women will die of stroke or heart disease each year. A major part of the prevention of this terrible disease is being aware. Knowing what to do, how to identify risks and implementing the plan allows each of us to … [Read more...] about Go Red for Women
What is the difference between a Will and a Trust?
A Will and a Trust are both estate planning tools, with some similarities and differences. There are advantages and disadvantages to both Wills and Trusts, and since estate planning is not a ‘one size fits all’ situation, it is important to contact an estate planning attorney to determine which … [Read more...] about What is the difference between a Will and a Trust?
Estate Planning Tune-Up Time
There are certain live events that will trigger the need to have your estate plan reviewed and possibly updated. Some of these live events can include: marriage divorce birth adoption death of a spouse move to a different state change in assets change in tax laws When you become a client … [Read more...] about Estate Planning Tune-Up Time
How Can I Protect My Children’s Inheritances from Divorce or Creditors?
Typically, a will provides that a person’s assets will be distributed to his or her children upon that person’s death. If a beneficiary trust were used instead of a will, the inheritance can be protected from the ex-spouses or creditors of the beneficiary. With a beneficiary trust, the beneficiary … [Read more...] about How Can I Protect My Children’s Inheritances from Divorce or Creditors?
Happy Martin Luther King, Jr. Day!
On the third Monday of January we celebrate the birthday of Rev. Dr. Martin Luther King, Jr. King is remembered and honored for his work as a spokesman for nonviolent activism in the civil rights movement towards ending discrimination towards African Americans. King is best know for his “I have a … [Read more...] about Happy Martin Luther King, Jr. Day!
What are the odds your family will need estate planning?
Anyone who will die someday needs to plan for that eventuality! Planning for disability or incapacity is also a concern for most of us. Even those in their 20’s and 30’s have a greater than 40% chance of being disabled for at least three months prior to age 65. Of course, none of us think this will … [Read more...] about What are the odds your family will need estate planning?
Optional Tax Planning Still Available for the Beginning of the New Year
Although the ball has dropped in Times Square, there is one 2014 tax planning option you still have an opportunity to do: Until April 15th, 2015, you can make a 2014 IRA contribution. What this means is that you can make a contribution to a traditional IRA by that date; or you can make a … [Read more...] about Optional Tax Planning Still Available for the Beginning of the New Year
