One of the things that makes managing legal issues so challenging is that the laws are always changing. This blog is designed to help you stay current on many of the latest changes.
Often, entrepreneurs fail to create a comprehensive estate plan that includes provisions for the transfer of their business. When left untended, however, the lack of a plan can wreak havoc on a family business. A recent article discussed three estate planning tips for entrepreneurs. First, it is important for entrepreneurs to determine where they would […]
read more...Not long after the untimely death of “Sopranos” actor James Gandolfini at the age of 51, experts have been pouring over his will. A recent article discusses several estate planning mistakes experts have found in Gandolfini’s will. One lesson is to consider the ages of your children carefully when structuring their inheritance. In Gandolfini’s will, […]
read more...After the implementation of the 2013 federal tax law, many Americans are discovering that they no longer need the trust accounts that they had previously set up. As a recent article discussed, sometimes a revocable trust can be terminated. One type of revocable trust is the bypass trust. The trustee of a bypass trust can […]
read more...Now that the unified credit changes for 2013 estate planning have taken effect, many individuals wonder whether bypass trusts are still necessary to include their estate plan. A recent article discusses why bypass trusts will still prove beneficial to many estate plans. Bypass trusts are beneficial for many reasons. Importantly, bypass trusts can protect a […]
read more...In 2008, Warren Hillman died at the age of 66. One of the assets he left behind was an insurance policy valued at $124,558.03. Like many Americans, Hillman forgot to update the beneficiary designation on the policy. As a recent article discussed, the results were likely not what Hillman would have wanted. All insurance policies […]
read more...While none of us can avoid death, we can all put safeguards in place in an attempt to save our loved ones from the feuding that often results when estates are not planned carefully. Often, family fights over estate planning documents become bitter and end up in probate court. Moreover, these fights will often cost […]
read more...As businesses recover from the recent recession, many business owners want to be sure that their business is protected from any future bumps in the economic road. As an article in Forbes explains, asset protection planning is a necessary topic that should be approached with caution and care. First, it is important to note that […]
read more...As an article in Forbes explains, even the rich and famous get it wrong when it comes to estate planning. Although these people can afford entire teams of attorneys to set up their estate plans just right, many often become victims to bad estate planning advice or maneuvers. The biggest estate planning lesson is always […]
read more...Much of our lives are lived online. After we die, we leave a digital imprint that may never be completely erased. A recent article discusses the importance of estate planning for digital assets. Consider the activities you partake in online. You may pay bills, keep up with friends on social media, and manage a variety […]
read more...After a family member dies, his or her family members will often question provisions of the will. Typically, this questioning will often lead to vicious lawsuits. This article in Forbes discussed ways to make an estate lawsuit proof. First, if possible, treat siblings equally. Trouble often erupts when people with the same degree of relationship […]
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