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You Have Minor Children: What You Should Include in Your Estate Plan

Friday, September 30th, 2022

Everyone needs an estate plan for three basic reasons: (1) to manage incapacity, (2) for quick, cheap, and easy transfer of property at death, and (3) to protect assets for yourself and your beneficiaries. But parents of minor children also need an estate plan to answer other important questions: (4) who will raise your child if you die or become incapacitated, and (5) who will manage your child’s property you die or become incapacitated? The default answers to (4) and (5) might not be what you like. Your estate plan is the place to put your answers to these questions. The goals are to minimize court involvement, provide for your child, and protect your child’s assets, seamlessly.

The Evils of Jointly-Held Property

Friday, August 12th, 2022

Medicaid Estate Recovery

Friday, July 29th, 2022

Important Points about Guardianship

Friday, June 17th, 2022

An Ineffective Power of Attorney

Friday, June 10th, 2022

Planned Benefits for Veterans

Friday, June 3rd, 2022

Comparing ABLE Accounts to Special Needs Trusts

Sunday, May 15th, 2022

If you are caring for a loved one with special needs, you have probably heard about a new way to set aside money for his or her future without losing access to federal benefits by using an ABLE Account. ABLE is short for Achieving a Better Life Experience, and the long-anticipated ABLE Accounts are the result of the ABLE Act which was passed by Congress in 2014.

Estate Planning, Part 1: The Basics

Sunday, May 15th, 2022

With the next three blogs, we will review the basics of Estate Planning. 

We understand that many people look at their checking and savings accounts and decide they really don’t have an estate, but those people are wrong. Your estate is more than just money in the bank. It includes your home, your business, retirement and investment accounts, life insurance policies and your personal belongings – it all adds up! 

ESTATE PLANNING, Part 2: Transfer of Wealth

Sunday, May 15th, 2022

This is part 2 of a three-part series of blogs on the basics of Estate Planning. Broadly speaking, the goal of an estate plan is to give you peace of mind and to preserve family harmony after you die. We can help in three ways:

ESTATE PLANNING, Part 3: Protection

Sunday, May 15th, 2022

This is part 3 of a three-part series of blogs on the basics of Estate Planning. Broadly speaking, the goal of the estate plan is to give you peace of mind and to preserve family harmony after you die. We can help in three ways:

How To Be a Wise and Generous Grandparent

Sunday, May 15th, 2022

We consult with many couples who, through hard work and careful spending, have estates which allow them to help their children and grandchildren by giving them gifts of money now and by making generous provisions in their estate plans.  In most cases, these couples want to be ‘fair’ to their family members but they also acknowledge that the needs of their children and grandchildren vary. Some need money now to pay for summer camp for their children, a down-payment on a house, college tuition, a new car or a wedding. Some are doing great and don’t need help from grandma and grandpa right now.