Now that the election is over, what next? There is still a lot of uncertainty over the results and the effects that will follow. It appears that Joe Biden will be our next President, but the division of Congress is less clear. What can voters anticipate if President Joe Biden is elected, but the Congress remains […]
Estate planning attorneys are occasionally asked by clients whether an estate plan can include a right of first refusal (ROFR) (sometimes called a first right of refusal) on certain items or parcels of property. The following example helps to illustrate the way this legal tool is used and why it might be useful in your own […]
Imagine spending thousands of dollars on an estate plan to protect loved ones, only to find that no true protection exists. Unfortunately, this scenario happens on a regular basis to individuals who are victims of estate planning schemes. According to a report conducted by the U.S. Consumer Financial Protection Bureau of people ages 50 and over, […]
Most people understand that having some sort of an estate plan is a good thing. Many people do not understand the nuances between a will and trust – and dying without either – but should not deter you from starting. Here is what will generally happen if you die, intestate (without a will or trust), with […]
Are you confused about the differences between wills and trusts? If so, you are not alone. While it is always wise to contact experts like us regarding your estate planning, it is important to understand the basics. Here is a simple reference guide which highlights the major differences between the two most common types of estate plans: […]
We collect stuff throughout our lives. This “stuff” is known as our personal property. Some items are valuable, like jewelry, baseball cards, and works of art. Other items are sentimental, like grandma’s tea set, old Christmas ornaments, and photographs. Regardless of the value of your property, it is important that these items be distributed the way […]
Estate planning is an important step that one must take to be prepared for what life throws at them, but can be difficult to start. It may make you uncomfortable talking about your inevitable passing, or it might not be the right time, but it still needs to get done. You probably want to make sure […]
The majority of people associate estate planning with making arrangements for your death. However, estate planning is equally important to ensure that your family is taken care of if you are unable to take care of yourself. The inability to make decisions or care for oneself or a minor child is often referred to as incapacity. […]
