Estate Planning Attorney Can Help Deal with Fighting Between Siblings

“The problem is that my parents want to designate me as their power of attorney, for both health care and financial decisions, since I live in their community. Unfortunately, my siblings feel slighted.” The reader who posed this scenario is not alone in facing siblings who live far away but feel like they are not […]

When the Kids Move Out: Words of Wisdom from One Who’s Been There

“There is no doubt that, for the most part, parents are much more involved with their children and their children’s more numerous activities, than parents were when we were kids.” If this describes you and your kids, then you need to prepare yourself for the adjustments that happen when the last child leaves the house. […]

You Can Age in Place, but You Need to Plan to Stay in Your Home

Aging in place is what most people hope for as they enter their 60s and 70s.  However, to make it a reality, there is a need to plan, according to the article “BBB On Homes: Focus on several things when aging in place,” from LMTonline.com. The Centers for Disease Control and Prevention define aging in […]

Making Social Security Work with Your Retirement Accounts

“Most Americans enter retirement age with access to Social Security benefits. Many people also have Individual Retirement Accounts, including those that were funded by transferring money from workplace 401(k) plans.” One trick to a successful retirement is to make your Social Security benefits coordinate optimally with your Individual Retirement Accounts (IRAs), says AZ Central in […]

Business Owner Without an Estate Plan? Better Start Planning!

As business owners start thinking about the most valuable asset that they own, they need to make some major decisions about their estate plan: do they want to pass the company to the next generation or sell it? In both cases, says Smart Business in the article “Questions for business owners to consider when estate […]

Business Owner Without an Estate Plan? Better Start Planning!

aving a succession plan, which also includes an estate plan, prepares for any unexpected occurrences and allows family members to get comfortable in their roles as future leaders of the business.

If It’s Not on Paper, Your Wishes Won’t Come True

Do not buy into the myth that estate planning is only relevant for wealthy individuals who need tax planning. A comprehensive estate plan is an easy way to make sure your wishes are followed should you become incapacitated, and upon your death. One of an estate planning attorney’s main responsibilities is ensuring that clients understand […]

With No Will, Aretha’s Kids Will Inherit Big Tax Bite

The Queen of Soul did not have an estate plan, a will or a trust when she died from pancreatic cancer recently, according to news reports. That’s especially surprising, said Investment News in the article “Aretha Franklin estate echoes planning problems of Prince,” since her estate has already been valued at as much as $80 […]

Protect What Comes First and What Comes Last

No one likes to consider the prospect of tragedy striking, especially when children are young, but according to this article in the Lodi News Sentinel, “Planning for what comes last,” estate planning is especially important for families just starting out. When the children grow up, estate planning is important to protect the children, making their […]

Wills v. Trusts: Why a Trust Isn’t Just For “Rich People”

You might think of a trust as something for wealthy people who want to dispose of high-end assets, like art work, collectible cars or businesses.  However, just like everyone needs an estate plan regardless of their asset level, says The New York Times in the article, “Life After Death? Here’s Why You Should Have a […]