Prenuptial Agreements in Estate Planning

When most people hear the words ‘prenuptial agreement,’ they think divorce. Although protection upon divorce is the main purpose of prenuptial agreements, these agreements are also becoming part of routine estate planning for more and more couples. A recent article discusses the estate planning benefits of prenuptial agreements. Prenuptial agreements are contracts signed by soon-to-be… Read More »

Does Debt Die With You?

If a person dies with debts, his or her creditors may attempt to hassle the family members of the deceased to collect those debts. Many people wonder whether these debts are collectable. As a recent article explains, the answer is it depends. For example, if a person has a balance on his credit card when… Read More »

Planning for Your Art Collection

Although an estate plan should not individually provide for each and every tangible item that a person owns, it is vital that a person plans for the distribution of his or her more valuable items in his or her estate plan. A recent article discusses three tips for art collectors when planning for their collections…. Read More »

Six Beneficiary Designation Blunders

Many individuals do not think twice about their beneficiary designations. After all, a beneficiary designation is as simple as filling in a blank. Due to the relative ease of beneficiary designation planning, however, many people make simple, common mistakes. A recent article discusses six common beneficiary-designation blunders. Forgetting to name a beneficiary on all retirement… Read More »

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 »