Estate planning, elder law, family transitions, business planning – the legal issues that affect your family are always evolving. Jennifer writes regularly to keep you informed, educated, and empowered. Browse the latest articles below, or search by topic to find what you’re looking for.
Preparing for the future is an uncertain business, but there are steps you can take during your lifetime to simplify matters for your loved ones after you pass, and to ensure your final wishes are carried out. Planning for what happens to your property, or who cares for your loved ones, upon your death can be a complicated process. The following list of...
Many people own a family vacation home--a lakeside cabin, a beachfront condo--a place where parents, children and grandchildren can gather for vacations, holidays and a bit of relaxation. It is important that the treasured family vacation home be considered as part of a thorough estate plan. In many cases, the owner wants to ensure that the vacation home...
Every year, each individual who dies in the U.S. can leave a certain amount of money to his or her heirs before facing any federal estate taxes. For example, in 2016, a person who dies could leave $5.45 million to his or her heirs (or a charity) estate tax free, and everything over that amount would be taxable by the federal government. Transfers at death...
If you are married for the first time and are working on your estate plan, the decisions about where the assets go are usually easy. Most parents in that situation want their entire estate to go to the surviving spouse, and upon the death of the surviving spouse, equally to their children. There may be difficult decisions about who will serve as guardians...
“I just need a simple will.” It’s a phrase estate planning attorneys hear practically every other day. From the client’s perspective, there’s no reason to do anything complicated, especially if it might lead to higher legal fees. Unfortunately, what may appear to be a “simple” estate is all too often rife with complications that, if not addressed...
Just as you begin to relax after the hustle and bustle of the holiday season, it hits you. It’s tax time! For most people tax time brings up images of boxes of random receipts and hours of searching for documents. Trying to get ready to do your tax return or organize for that yearly meeting with your tax preparer is a necessary evil. What if you could...
Having an estate plan that does what it is meant to do requires a little maintenance. Conducting an estate plan audit at least once every three years can save you (and your family) a lot of stress and heartache. To conduct an audit, just follow these steps. If you have any questions, be sure to schedle an appointment with your estate planning attorney....
Probate is not scary. There is a common misconception (often used to sell more expensive trust-based plans) that probate is scary and expensive. Probate can be a routine process and in some cases probate may be easier and cheaper than other options. A will does not prevent probate. A will on its own does not transfer property. The will must be submitted to...
One of the most important things in preparing your estate plan is naming the appropriate person to act as your Personal Representative (or Executor). Some people feel there is a “right” person to name, by virtue of relationship, birth order, or proximity – these reasons can lead to disastrous results if the wrong person is selected. A complete estate plan...
Across the country, folks often put off their estate planning for many reasons. Whether it’s facing your own mortality, or that of your parents, the prospect of needing a will or trust isn’t something that many of us want to think about. The reality, though, is that when we continue to put off the estate planning process, things only tend to get more...
Do you have a cherished cabin, vacation home, or other property which you wish to pass down to your loved ones someday? Surprisingly to many people, leaving a home to family members can create a number of unexpected consequences for those who don’t fully weigh their options and plan far enough ahead. The vacation home may be very valuable, in terms of...
The best thing you can ever give someone you love is peace of mind. Stress and uncertainty can take a toll on all of us, the comfort and reassurance that comes from a well thought out plan can go a long way of relieving the burden. Update Your Will. Hire an attorney who will really take the time to explain the documents to you. Make sure your documents...