Tag Archives: estate planning
Do Married Couples Need Separate Estate Plans?
The average American family has changed a great deal over the last few decades. The assumption that a couple will share finances, tax obligations, and a last name is one that does not necessarily apply in the 21st century. There are more options than ever before to keep your finances, identity, and future plans… Read More »
Gift vs Loan vs Advancement: Why the Classification Matters
While we all want to provide financial help to our loved ones—whether they are family or close friends—it is important to understand that how the money is classified will directly affect your estate planning. Accordingly, the intent behind the transfer of the money is key when determining if it will be considered a gift… Read More »
Estate Planning Considerations for Rental Property Owners
In all parts of the country, services such as Airbnb have grown in popularity over the past few years. Indeed, these alternatives to hotel stays are popular among homeowners and vacationers alike. If you have a home or other rental property that is generating income, you should understand the following asset protection and estate… Read More »
Elder Law vs. Estate Planning: What’s the Difference?
The short answer: Both estate planning and elder law share similar concerns. The longer answer? The differences make all the difference. Elder Law vs. Estate Planning: The Concerns are Similar No matter what age we’re, life can deliver some hard knocks. Hope for the best, but plan for the worst. We can… Read More »
Don’t risk making these 11 costly estate planning mistakes!
Unfortunately, estate planning is often viewed as a “luxury” that is only necessary for the wealthy. In reality, a properly executed estate plan is an important financial document that everyone should have, regardless of how many assets they have to their name. That being said, even if you do have an estate plan, it’s… Read More »
4 Common Power of Attorney Myths
A durable power of attorney is one of the most important estate planning documents you can have. It allows someone who you appoint (your agent) to make non-medical decisions on your behalf in the event you become incapacitated. If you have not appointed an agent then your friends and family may not have the… Read More »
Your Fall Legal Affairs Checklist
Now that Labor Day, the unofficial end of summer, has come and gone and the summer of 2018 is in your rear-view mirror, it’s an excellent time to review the state of your affairs. To help you do so, below is a legal affairs checklist to ensure your planning is up-to- date and meets… Read More »
3 Tips for Talking About End-of-Life Planning
No one wants to discuss death and dying. And yet, it’s a critical time in everyone’s life and one for which we know we need to prepare. While many people have the desire to share their wishes, something is preventing people from openly communicating with their families when it comes to end-of-life planning. As… Read More »
2 Basic Estate Planning Documents Every College Student Should Have
If you are preparing to send your son or daughter off to college to pursue higher education, you may be wondering how their first semester of school will go. During this exciting new chapter in your family’s life, the last thing you may be thinking about is estate planning for your college-aged child. While… Read More »
The Hidden Risks of Do-It-Yourself Estate Planning
With automation an artificial intelligence (AI) disrupting every sector of the economy, it is not surprising that the legal profession is feeling the impact as well. Today, there are many software programs, as well as websites, that sell do-it-yourself estate planning documents. These websites and form tools seem to offer a convenient and cost-effective… Read More »
