Losing one or both of your parents can be an incredibly difficult time of life. Once your parents pass away, you have thousands of memories that cause feelings of happiness and sorrow. The most agonizing truth that sometimes gives rise to feelings of regret is that there will be no going back in time. Regret […]
Accumulating wealth and protecting wealth are two very different things. Research shows that it takes just two generations for a family to lose 70% of its net worth. By the third generation – it hits 90%. Protecting the inheritance of future generations requires proactive estate planning, an experienced attorney, and investments that can stand the […]
“Mom told me all her life that she planned to split everything evenly between her children. She got sick, and my brother took her out of state so he could provide care for her. Communication became more difficult as time passed and it was harder to find out how Mom was doing. Mom later died. […]
The estate of someone who’s passed away is adjudicated in probate court. The will and other documents are entered into the record. The executor goes through the process of identifying the creditor with a claim against the estate. Before any assets distributed to the heirs – the estate must first pay its debts. That might […]
There’s a lot to consider when you’re planning your estate. Asset distribution. Health care proxies. Power of attorney. Though you make the decisions, it’s your family who will carry them out. It’s important to meet with them and make sure they understand your wishes. Managing Your Affairs Mortality isn’t the easiest topic to address. But […]
A lot of people ask me what the difference is between hiring a law firm to do my will or just doing it myself, on my own or one of those services that will do it online for you. Well the answer is actually very complicated, but the first reason I tell people is litigation. […]
Many families have friends, relatives, or colleagues who suffer with daily challenges in some way or another that limits them. These challenges can be a developmental, mental, or physical disability. In the past, most families of disabled loved ones would keep their struggles hidden because of the taboo associated with disabilities. Thanks to this, there […]
When someone dies, one of the first things that happens is figuring out the will and any trust they may have. If you happen to be the trustee named in a living trust, your job will be to help settle that trust. It is essential for you to know how to settle the living trust […]
In the past, it seemed that the only people setting up trust funds for their children and grandchildren had a lot of money like the Rockefellers. Thanks to an increase in accumulations through the stock markets and increased property values of homes, more ordinary people are becoming wealthy and, because of this, trust funds are […]
Most people understand the necessity of writing a will to pass on their estate to their heirs. That is not the only choice that is available to them, though. Another tool for estate planning is the trust. Trusts are gaining in popularity, especially the revocable living trust. Not only is this a way to avoid […]
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