Estate Planning
How to Protect Your Family’s Privacy in Your Estate Plan
Posted on December 28, 2023
When creating an estate plan, many people focus on ensuring that their assets are distributed according to their wishes and that their loved ones will be taken care of after they pass away. This is often the primary goal of estate planning, although there are several other considerations that may come into play. Another important aspect of estate planning is protecting your family’s privacy. In the digital age, where information is easily accessible and identity theft is a constant threat, it is crucial to take steps to safeguard your family’s […]
When Should Advance Directives Be Included in an Estate Plan?
Posted on December 20, 2023
Regardless of your age, it is important to have an estate plan in place to ensure that your financial and personal matters will be handled correctly in the future. However, while you may understand the importance of making decisions about the distribution of your assets to your beneficiaries through testamentary planning, you may not be aware of the importance of incapacity planning. Testamentary planning focuses on asset distribution after a person’s death, while incapacity planning addresses the possibility of being unable to make decisions due to illness or injury. Advance […]
Should a High Net Worth Estate Plan Use a Revocable Living Trust?
Posted on December 12, 2023
Estate planning is an essential process that allows people and families to protect and distribute their assets according to their wishes. For high net worth families, the complexity of their financial situation often requires more advanced estate planning strategies. Revocable living trusts can play a key role in these strategies. An experienced estate planning attorney can provide guidance on the best ways to use revocable living trusts and other types of trusts to achieve a family’s goals. What Is a Revocable Living Trust? A revocable living trust, also known as […]
How to Protect Your Digital Assets in Your Estate Plan
Posted on December 4, 2023
In today’s digital age, there are a variety of assets that people may own that may not have a physical form. Digital assets can include items such as social media accounts, online banking and investment accounts, email and cloud storage accounts, domain names, and even cryptocurrencies. These assets can hold both sentimental and financial value, and they should be properly addressed in your estate plan to ensure that they are protected after you pass away. An attorney who has experience addressing these concerns can work with you to make sure […]
What Is an Irrevocable Life Insurance Trust?
Posted on November 29, 2023
Creating a comprehensive estate plan is crucial to ensure that your assets are distributed according to your wishes after you pass away. One important tool to consider as part of that plan is an irrevocable life insurance trust (ILIT). An ILIT can offer several benefits, including potential tax savings and the seamless transfer of certain assets. An experienced attorney can provide guidance on the role that an ILIT may play in your estate plan, and they can help you take steps to implement your plans and ensure that your wishes […]
What Role Does Legacy Planning Play in an Estate Plan?
Posted on November 21, 2023
Estate planning is a crucial process that allows people and families to protect and distribute their assets according to their wishes after they pass away. While many people focus on the financial aspects of estate planning, such as creating wills and trusts, it is equally important to consider legacy planning, especially in situations where a person or family owns significant assets and wants to preserve wealth for future generations. Legacy planning goes beyond finances and focuses on preserving your values, beliefs, and memories for future generations. As you work to […]
How Are High-Value Assets Addressed During the Probate Process?
Posted on November 14, 2023
When someone passes away, their estate goes through probate to ensure that their assets are distributed according to their wishes, their debts are paid off, all required taxes are paid, and other issues related to their estate are handled correctly. The probate process can be complex and time-consuming, especially when high-value assets are involved. Assets such as real estate, investments, businesses, and valuable personal property may require special attention during this process. To ensure that all legal and financial concerns are addressed correctly during the probate process, it is important […]
How to Maximize Charitable Contributions in an Estate Plan
Posted on November 2, 2023
An estate plan is a crucial tool for people and families who want to ensure that their assets are distributed according to their wishes. While many people focus on providing for their loved ones through their estate plans, it is also important to consider charitable contributions as part of the overall plan. Charitable giving not only allows you to support causes that are close to your heart, but it can also provide significant tax benefits. By incorporating charitable contributions into your estate plan, you can maximize the impact of your […]
How Can Law Firms Build and Maintain Trust With Clients?
Posted on October 26, 2023
Building trust is crucial for any law firm. It forms the foundation of a strong attorney-client relationship, which is essential for successful legal representation. When clients trust their lawyers, they are more likely to be open and honest about their situation, follow the advice provided, and feel confident that their legal needs are being met. A trusted attorney can help clients address their estate planning needs, ensuring that they understand how to protect their assets and plan for the future. Some methods of building trust between an attorney and their […]
Estate Planning Considerations for Children With Special Needs
Posted on October 20, 2023
When it comes to estate planning, there are many factors to consider. For families of children with special needs, estate planning can be especially important, and there are a variety of complex issues that will need to be considered. By putting the proper measures in place, a family can make sure children will have the resources they need. In these situations, it is crucial for family members to work with an attorney who understands the best ways to utilize the available options for providing for children’s current and future needs. […]
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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.
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