What Variables Influence How Much My Estate Plan Costs?

A leading reason for many people to put off the process of estate planning is confusion or lack of clarity around what it might cost. There are a number of different factors that will influence what your estate plan costs. The chief among these being your individual goals for your estate planning process. You may… Read More »

What Can a Living Will Do for Me?

Your living will is a written record of the kind of medical care you would want to receive in specific circumstances. This becomes extremely important if you are unable to speak up for yourself about the care that you wish to receive. This can affect you with a permanent or temporary illness or injury. A… Read More »

Can Your Former Spouse Still Inherit Money?

There are some situations in which your former spouse might inherit assets from your estate if you’re not careful with your estate planning strategy. The major concern in this area is to consider updating your beneficiaries on your retirement plan. This often-forgotten document is very important after you get divorced because failing to update it… Read More »

Understanding No Contest Clauses

Are you worried about your loved ones fighting over your assets and your estate? Depending on your family dynamics, this might be a serious concern. A no contest clause is a provision in your trust, will, or estate plan that can specifically impose a penalty if someone attempts to challenge the validity of your document…. Read More »

Asset Liquidity Influencers Executor Choices

Different types of assets can and should get different treatment within your estate. You might assume that leaving equally valued assets to your loved ones is in their best interests, but some assets are more liquid than others. You might leave behind a family vacation home to a child who cherishes it but if it… Read More »

Three Simple Steps to Basic Estate Planning

Most people undertake the goal of creating an estate plan to make things easier for their loved ones. Elderly parents don’t want their children to be burdened with the frustration of long term care support or the expense necessary to provide the same in a facility. There are three basic estate planning steps that should… Read More »

Estate Planning Is Tax Planning, Too

When a transfer of wealth occurs when one person passes away, this means that assets are passed from one person to another, generating possible tax consequences. Taxes are inevitable, and any good estate plan created by an experienced attorney should look for ways to minimize this liability. There are a few different kinds of assessments… Read More »

Six Important Transitions for Business Owners

Business succession planning is an important process to engage in when creating your own company. This is because in the future, you will need to have plans in place to pass the business along. The support of an experienced business succession planning attorney in your area can support you with this process and empower you… Read More »