Fixing an Estate Plan Mistake
Sometimes, despite best intentions and best efforts, an estate plan leaves unintended problems for heirs, trustees and others to solve. For example, a trust may have become outdated because of changes in tax laws, the birth or death of family members, or special circumstances like an heir’s disability.
Why It Is So Important to Have an Advance Health Care Directive
Around two-thirds of all Americans have not prepared a health care directive, according to a December 13, 2019 article written by a personal finance specialist at Forbes. The author noted the irony of this figure, pointing out that California was the first US state to enact a law regarding health care directives back in 1976.
Will We Have to Pay Gift Taxes if We Give a Rental Property to Our Son?
How should we best do this, so that we avoid future gift taxes?
Avoiding Probate with a Trust
In other words, family members who are not named to inherit anything in the will may still see the list of all of the assets. If you don’t want that result, you can avoid it by establishing a trust.
What Estate Planning Documents Do You Need?
This year for the holidays, why not give yourself and your loved ones a little peace of mind?
Do Name Changes Need to Be Reflected in Estate Planning Documents?
The fact is people’s names often change. People get married and divorced or sometimes just legally change their names.
How to Prevent The Top Six Retirement Planning Mistakes
Unfortunately, retirement is complicated, and your decisions can have irreversible consequences.
Blended Families Need More Thoughtful Estate Plans
When the first spouse dies, the surviving spouse may not remain as close with his or her stepchildren. Small irritations which were overlooked during the lifetime of the spouse who died, may become outright disputes.
What is a Special Needs Trust?
Special needs lawyers can work with clients to set up individualized special needs trusts.
Yes, You Do Have an Estate and You Do Need an Estate Plan
Regardless of their actual financial standing, job title and income, many Americans—and probably most federal civil servants—would identify themselves as middle class.