The American Dream envisions home ownership for everyone. And most of us save for this purchase with the thought of passing it on to our families one day. But questions about ownership and how it’s passed on are pretty common. Questions like, “If I give my home to my child in my will, can they take […]
A nonfungible token (NFT) is a unique digital code that represents a digital item such as art or music, as well as a growing number of physical items, that runs on the blockchain (a secure, decentralized, and cryptography-backed online ledger) and provides proof of ownership of virtual collectibles. That explanation is likely to cause confusion, and […]
If you’re reading this, you’re one of the millions of Americans who need an estate plan. Why? The short answer is “Everyone, age 18 and older needs an estate plan.” It doesn’t matter if you are old or young, Bezos-rich or just starting adulthood, the fact is, you need a written plan to keep you in control […]
A popular estate planning tool that has long been used effectively may be facing new challenges under the ever shifting currents of tax law and politics. The family limited partnership (FLP) is an estate planning tool that allows families not only to transfer significant amounts of their wealth to succeeding generations while reducing estate, gift, and […]
Fellow Americans, every year we gather to cheer on teams as they battle on the gridiron. But now that the haze of Superbowl fever has lifted, let’s turn out attention to an interesting intersection of America’s favorite sport and estate law. In June 2019, Paw Bowlen, the owner of the Denver Bronco’s died. With no named […]
Bankruptcy may be one of the last things on your mind when you are creating an estate plan. Fortunately, the number of bankruptcy filings has declined over the past several years, but there were still a whopping 544,463 bankruptcy filings in 2020.[1] What happens to your estate if you file for bankruptcy protection but die while […]
Parents strive to make their children feel equally valued as reflected in the fact that, when setting up an estate plan, parents typically divide their accounts and property equally among their children. But while parents strive to treat their children the same, they simultaneously acknowledge that children have different needs at different times. And these needs […]
Our lives are full of everyday superstitions. Knock on wood, don’t step on sidewalk cracks, and that talking about bad things make them more likely to happen. This last one is among the most given reasons why people don’t make estate plans. “If I talk about it, then I’ll die” goes the excuse. Unfortunately, this is […]
