I have helped many of my clients develop comprehensive estate plans that include revocable inter vivos trusts, often referred to as “living trusts.” A “living trust” is a legal document that allows a person to distribute their possessions and assets to the people they want to after they die. A living trust “owns” the property… Continue reading
Category: Estate Planning
Estate Planning + Family Gatherings = Holiday Cheer?
I cannot emphasize this enough – it is essential that every adult prepare an estate plan. Regardless of how old you are, your marital status, or how much money you have, having a Will, advanced directives such as powers of attorney, and perhaps a trust or other plan, is important. Nearly 70% of Americans do… Continue reading
Estate Taxes and Life Insurance
It’s a question I am obliged to ask my clients at the outset of the initial consultation about estate planning. I will gravely ask if they think there will be a concern with federal estate taxation. A concerned look will cross their faces – “Should we be concerned?” I will reply that if their gross… Continue reading
Estate Planning In The Current Crisis
The coronavirus crisis has caused our society to generally shut down. Businesses and schools are closed, and people have been ordered to stay home. Other than essentials like groceries and pharmaceuticals, people aren’t in the market for a whole lot more. But the fact of matter is – most people don’t have an estate plan,… Continue reading
Helping Seniors Avoid the Pitfalls of Do-it-Yourself Estate Planning
All of us have people in our lives who are aging. Grandparents or parents, Uncles and Aunts, people we go to church with, or people we work with. Getting older always has the same consequences – bodies deteriorate, sight dims, hearing is more difficult. Reflexes are slower, aches and pains seem more pronounced, memory issues… Continue reading