How Can a Will Be Changed?
November 18, 2024
While a codicil provides flexibility, frequent amendments can complicate estate planning and create room for misunderstandings.
Should Each Child Get Equal Inheritance?
January 13, 2023
Equally sharing the wealth among the children isn’t always fair, such as when one sibling is the primary caretaker, or another is already wealthy.
Does the Way I Title My Assets Have an Impact on My Estate?
August 26, 2022
The way in which assets are titled can be vital.
What are Benefits of Putting Money into a Trust?
June 16, 2022
Grantor retained annuity trusts, intentionally defective grantor trusts, spousal lifetime access trusts, oh my! If you overhear two estate planning attorneys at a coffee shop, it would not be unreasonable to think that all clients have estate plans filled with trusts.
How Does Gift Tax Exclusion Work?
April 6, 2022
In 2022, the annual exclusion for Federal Gift Taxes increased to $16,000 per person per year. Although there is near-universal acceptance of the importance of gifting, there are several issues you should consider before making any gifts.
You Need a Buy-Sell Agreement for Your Business
October 7, 2021
What happens at your company when a shareholder dies or becomes disabled, or wants to leave? These are just two of the potential scenarios that can be properly addressed with a buy-sell agreement.
What’s the Right Age to Start Estate Planning?
July 9, 2021
It may seem like a grim way to spend your free time, but planning your estate when you are young can actually give you the peace of mind you will need to enjoy your golden years in the future.
What Is Family Business Succession Planning?
April 29, 2021
If you plan to pass your business to your offspring, there is more to keep in mind when creating your succession plan than your descendants—there are also their spouses—especially if they become ex-spouses.
How Do I Keep My Spendthrift Son-in-Law from Getting the Money I Give my Daughter in My Estate?
September 16, 2020
My daughter, my only child, recently married a nice man. However, he is not responsible with his finances. I don’t want my son-in-law to have any access to her money or through a divorce via equitable distribution.
When Exactly Do I Need to Update My Will?
September 3, 2020
It is also important to realize that it isn’t merely “why” you are updating your will, but “when” you are updating that can make all the difference. Acting too late (or too early) may mean your changes are no longer appropriate or even immediately invalidated.