You may have heard of a revocable living trust (RLT), which is a commonly used estate planning solution. But what exactly are they, who is affected by them, how can they be changed, and what do they accomplish? What Are They? Trusts, which are legal entities that hold title to property for the benefit of a […]
Yes, even the undead need an estate plan. Go ahead and laugh. But as we’ve learned from the likes of The Vampire Chronicles, the Twilight saga, and HBO’s True Blood, vampires aren’t immortal. They do die, and it’s usually unexpected and messy. While vampires aren’t necessarily good candidates for life insurance and probably don’t need a […]
Considering the myriad of trusts available, creating an estate plan that works can seem daunting. However, that’s what we, as estate planning attorneys, do every day. We know the laws and will design a plan which addresses your specific situation. (If you’d like a brief overview of trusts in general, you may want to read this […]
Substance addiction is by no means rare, impacting as many as 40 million people, or more than one in seven Americans. Because of its prevalence, navigating a loved one’s addiction is actually a relatively common topic in everyday life, and one you should consider when planning your estate. Whether the addiction is substance-related (such as alcoholism […]
It’s considered good parenting to talk to your children about “the birds and the bees.” But many parents are reluctant to provide them a financial education. According to a whitepaper recently published by Merrill Lynch, the investment advisors, there are many reasons why: They are afraid of robbing their children’s motivation. They are uncertain about exactly […]
No matter the time of year, it is always a good opportunity for members of the military and their loved ones to consider setting up — or revising an existing — estate plan. Military families sometimes have special estate-planning issues that others do not. This is particularly true when one or more family members are deployed […]
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 separate. This […]
Planning ahead has obvious benefits. Whether you’re planning a vacation or researching for a job interview, it’s always smart to outline your priorities and anticipate potential challenges that may arise. Planning your estate has similar benefits. With plans clearly established, your wealth and assets are protected should you pass away or become incapacitated. It’s important to […]
