Articles — page 11
- Tips on How to Fix an Outdated Irrevocable Trust Trusts have been used for decades as an effective estate planning tool to avoid the cost and hassle of probate and ensure your assets are properly managed for the benefit of your beneficiaries. There are a myriad of… Read “Tips on How to Fix an Outdated Irrevocable Trust”
- If You are a New Parent, You Need an Estate Plan The birth of a child is an incredible, joyous moment in the lives of most parents. It is also an inflection point allowing you to take stock of your estate and plan properly to protect your spouse and your newborn… Read “If You are a New Parent, You Need an Estate Plan”
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Should You Name a Trust as an IRA Beneficiary?
A question asked by some clients is whether they should name a trust as a beneficiary to their Individual Retirement Account (IRA). The answer depends largely on your specific circumstances. There are some potentially… Read “Should You Name a Trust as an IRA Beneficiary?”
- How To Protect Your Estate Plan Post-Divorce It is a common scenario couples find themselves in – you and your spouse create an estate plan leaving everything to each other and then to your minor children. A few years pass and you wind up getting a divorce. You… Read “How To Protect Your Estate Plan Post-Divorce”
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New Law Establishes More Flexibility in Creating a Special Needs Trust
In 2016, the 21st Century Cures Act was signed into law. This sweeping piece of legislation was drafted to help address a myriad of issues in medical research, the advancement of experimental medications, and mental… Read “New Law Establishes More Flexibility in Creating a Special Needs Trust”
- Considerations in Naming Guardians for Children If you’re like us, and like a lot of our clients, you have young children. Raymond and his wife have a 5-year-old daughter, and Scott and his wife have a 5-year-old son and a 19-month-old daughter. You’ve probably… Read “Considerations in Naming Guardians for Children”
- Three Mistakes You Need to Avoid in Creating and Maintaining a Trust Three Common Trust Mistakes You Need to Avoid Incorporating a trust into your estate plan is a good idea. Trusts help you and your family avoid costly and time-consuming probate, can address the special needs of your… Read “Three Mistakes You Need to Avoid in Creating and Maintaining a Trust”
- Do Clients in their 20’s and 30’s Need an Estate Plan? Choose the Right Nursing Homes in 4 Easy Steps As an attorney with young children, I am constantly concerned with the number of parents who have not properly planned. Everyone needs an estate plan. Planning ahead is not… Read “Do Clients in their 20’s and 30’s Need an Estate Plan?”
- Estate Planning for Second Marriages Second marriages (and third and fourth marriages) are more and more common every year. I see more and more clients come in who have strong and fabulous second and subsequent marriages with their new spouse. However,… Read “Estate Planning for Second Marriages”
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Six Reasons to Have an Estate Plan in Place
In the estate planning world, we see study after study showing that the majority of Americans still do not have a written estate plan. (60% according to the AARP: here) However, when we talk to friends and family, we… Read “Six Reasons to Have an Estate Plan in Place”