Don’t Risk it: Protect Your Finances From Coronavirus Complications

Many Americans spend a lot of time and effort managing their finances. While most are worried about how the coronavirus will impact their income—whether that’s because they are temporarily furloughed, find themselves suddenly without a job, or watching their investment and retirement accounts dwindle—there is another way COVID-19 can wreak havoc on American’s finances: lack of incapacity planning.   As the Read More

Five Common Mistakes with “DIY” Estate Plans

In light of the current pandemic, many Americans are becoming aware of the importance of creating or updating their estate planning documents. With the extension of some states’ stay in place orders, it may be tempting to create your own documents on your own. Whether you are considering writing your own will or using an online “do it yourself” (DIY) document creator, there are many reasons why this is one project Read More

Four Reasons Your Will May Be Contested in Court

Having an updated last will and testament is more important than ever. However, a will that is poorly drafted or not up to date can be vulnerable to a contest. A contest is the formal objection to a will’s (or trust’s) validity because it either: a) doesn’t reflect the wishes of the person who created the will, or b) the will does not meet certain legal standards.  Will contests should be avoided at all Read More

Encouraging Family Members To Make Their Own Estate Plan

Estate Planning Awareness Week is a great opportunity not only to take steps to make sure your own estate plan is in place, but also to talk to your family members, especially elderly parents, about creating an estate plan. Estate planning is often a difficult topic to broach, as it brings the unpleasant topics of aging and death to the forefront of our minds. Here are a few tips to help you start the Read More

Estate Planning Awareness Week: The Importance of Having an Estate Plan

In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by designating the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2019 survey carried out by Caring.com, 57% of adults in the United States have not prepared any estate planning documents such as a will or trust despite the fact that 76% viewed them as Read More

Wealth Transfer Strategies to Consider in an Election Year

With a push by the Democratic party to return federal estate taxes to their historic norms, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is set at $11.58 million per taxpayer. Assets included in a decedent’s estate that exceed the decedent’s remaining exemption available at death are taxed at a federal rate Read More

Step-by-Step Probate Court

Most people (including many lawyers) do not relish the idea of being inside a courtroom. This is especially true of probate court where the estates of deceased individuals are settled. When someone passes away, it’s generally their closest family members who are stuck dealing with the headaches of probate court. Without a Will, this process becomes even more complex. The following is what will happen if you pass away Read More

Who Do You Trust to Be Your Health Care Proxy?

It’s true - estate planning is not the most thrilling topic to tackle as an adult. Pondering your own mortality and wondering how your loved ones would navigate a world without you is unnerving and a little frightening. But not having an estate plan is much worse. And you need more than just a will or trust to make sure your assets and family are protected in the event of your incapacity or death. One of the most Read More

Estate Planning: 3 Reasons We Run the Other Way

We understand. For some people, getting your estate plan done sounds about as fun as a root canal. However, we also understand that everyone wants to make sure their loved ones are protected, and their assets go to who they want, the way they want, no matter what. And you care about those things whether you are leaving $10 or $10mm behind, whether you are married or single, whether you have kids or not. That’s where Read More

Even Your Pet Needs An Estate Plan!

Pet obsession is nothing new, but social media has taken our love affair with animals to another level. Today, furry friends are considered more than just part of the family; they are stars on Facebook and Instagram. Some parents post more photos and videos of their animals than their children, and people are spending more money than ever on pet indulgences.  While fur babies have worked their way into a new place in Read More