Estate planning attorneys regularly receive inquiries from potential clients asking how much a ‘simple will’ costs. Having a will is a good thing, but it also has its limitations. A will is not enough to ensure that your assets will be distributed in a controlled manner, nor will it keep your family out of the … Read more
Revocable Living Trusts A Trust is a very old arrangement, originally often used in England to avoid then applicable laws of primogeniture. It is now favored by most people reaching retirement age who discuss planning issues with their friends and with many of their financial advisors. Think of the trust as a box you build … Read more
Using an online service to prepare your will can result in costly mistakes and may altogether fail to properly transfer your assets. Even if you have a relatively simple estate and plan to leave all your assets to your spouse or children, an estate planning attorney provide for family situations that an online will cannot. … Read more
You’re never too young to need some simple estate planning. Here’s what every college student should have. As schools let out for the Summer and high school graduates prepare for college in August, for many families, life is about to change. With universities opening across the country, many of us are anxious about sending our … Read more
Estate planning can be fun… I love my job because I get to help clients with questions like the one below…. Question….. Is it “legal” to restrict your beneficiaries from getting tattoos in your trust/will? I recently had clients who were very… “traditional” who were very concerned with their grandchildren’s “wild streak” and self expression. … Read more
For those of you interested in creating a trust, you may have been told that one of the most important things to do after creating your trust is to fund it properly. If you don’t, it’s like having an empty box. The term “funding a trust” refers to the process by which you change all … Read more
Business owners are notorious for engrossing themselves in the day-to-day management and functions of their businesses. As a business owner, you are likely the heart and soul of the company you lead. Your clients love you, and you have built unique relationships with your contractors and suppliers. Suppose, however, that tragedy strikes: You, as the … Read more
Over a cold December weekend, Rachel, Fern, and I had the opportunity to enjoy a Disney Plus marathon. Part of the lineup was Aristocats, a movie I had not seen in over 30 years and definitely not through the eyes of an Estate Planning attorney. Rather than enjoying the movie for what is, an entertaining … Read more
What is an estate? When people hear the word “estate,” they usually imagine a large home with ivy growing on it, perhaps with a maze garden in the backyard—something that has been in a wealthy family for generations upon generations. However, with respect to estate planning, an estate is the general term used to describe … Read more
1. Record Private-Key Custody & Other Access Details Unlike bank accounts that can be accessed postmortem, access to digital assets typically requires a variety of private information. This information — and an investor’s digital assets — may be lost forever if an investor fails to record it or share it with a trusted third party … Read more