Estate Planning Under 40

Estate planning is important at any age. The importance of a well-considered and executed estate plan only continues to grow as a person ages, accumulates assets, and begins a family. A recent article discusses several estate planning tips for those under the age of 40. Start Now: If you haven’t started estate planning, begin today…. Read More »

Probate Court Rules Living Man Dead

Donald Eugene Miller Jr. found himself in a unique position recently when a probate court ruled that he is legally dead. Miller, who is 61 and breathing, was actually declared legally dead back in 1994. He went into the court asking for a reversal of that ruling, and was denied. Eight years prior to being… Read More »

Inheritance Tied to Family Reunion

Before Albert Ravenholt died in 2010, he drafted a will with a unique provision. The provision stated that, in order to receive their inheritance, his nieces and nephews would have to attend a Ravenholt family reunion. Specifically, the will states that every two years, in either August or September, Ravenholt’s nieces and nephews would have… Read More »

Planning to Minimize Income Taxes

When the federal estate and gift tax exemption was raised to $5.25 million for 2013, many Americans were relieved that they would not have to worry about federal estate taxes. However, taxes have been, and always will be a focal point of estate planning. As a recent article discusses, where the emphasis has been removed… Read More »

Despite New Options, Same-Sex Couples Should Keep Life Insurance Component of Estate Plans

Following the U.S. Supreme Court’s repeal of specific provisions of the Federal Defense of Marriage Act (“DOMA”), more estate-planning options have opened up for those Americans involved in same-sex marriages. As a recent article explains, however, same-sex couples should still incorporate life insurance policies as a large factor in their estate plans. Historically, same-sex couples… Read More »

Avoid This Common Estate Planning Error

Because the federal estate tax exemption is now at a generous $5.25 million, many people have put off estate planning as something that has become unnecessary. However, this is when common estate planning mistakes are made. A recent article cautions readers not to make one simple estate planning error. The error discussed by the article… Read More »

Trusts and Small Estates

While estate planning is important for everyone, some people necessarily require more complicated estate plans than others. A recent article discusses whether a trust is necessary for those with smaller estates. If a person has a small estate, the purpose of a trust is typically to avoid the necessity of probate. Probate is the court-supervised… Read More »

Planning to Protect Your Pets

More and more, medical professionals are advising elderly Americans to adopt or purchase a pet. Pets are a wonderful cure to the loneliness and depression faced by many elderly Americans. Pets for elderly people can become problematic, however, when the pet outlives its human parent. A recent article discusses how to plan for a pet… Read More »

What if Your Trustee Becomes Incapacitated?

Estate planners often discuss how trustees can help when a person becomes incapacitated. However, few conversations discuss what to do when a trustee becomes incapacitated. A recent article discusses how to deal with trustee incapacity. From the start, those creating trust accounts should consider the possibility that a trustee may, at some point, become incapacitated…. Read More »