Determine which of your loved one’s accounts contains cash that can be accessed for the beneficiaries’ needs and other expenses. The last thing you want is for an item to be repossessed or the electricity turned off due to non-payment.
Category Archives: Life Changes
Adoption Law, Estates, Inheritance, Life Changes, Uncategorized
National Adoption Month: Adoption Law
26
Nov
Nov
If your adoption is not yet final, but you love the child you intend to adopt and want to provide for him or her, you need to specifically name the child in your estate planning documents.
15
Nov
Nov
Most adoptions involve minor children. Arrange for someone to care for the new child if something happens to you. Appoint a guardian, i.e., a caregiver, in your will. This person will act as your child’s parent if you become disabled or die.
Assets, Estate Attorney, Estate Planning, Life Changes, Taxes, Trusts, Uncategorized
Who’s on Your Team?
12
Nov
Nov
If you are an individual with a high net worth, financial planning often moves beyond retirement planning to laying the foundation for multigenerational wealth transfer or achieving philanthropic objectives.
20
Sep
Sep
Last week, we began a two-part series about designating beneficiaries for your life insurance policy. Click here to read that post. Here is part 2. Protection against your creditors.
Estate Planning, Estates, Inheritance, Life Changes
Include College Kids Estate Planning Preparation
06
Sep
Sep
College Estate Planning Prep You may have been running around for weeks, getting your new college student off to school. It’s exhilarating, and your heart likely is bursting at the seams. You’re probably prouder than words can express, but you’re also a little afraid, too. How can you make sure your kid is going to […]
Assets, Estate Attorney, Estate Planning, Life Changes, Trusts, Wills
Avoid Estate Planning Procrastination
23
Aug
Aug
Don’t Procrastinate: Talk with Your Family and Your Estate Planning Attorney Today There’s no perfect time to broach the subject of estate planning with your family. We all know that everyone passes away eventually, but many of us often want to conveniently forget that reality. You face a decision. Take the initiative to start a family […]
Assets, Estate Attorney, Estate Planning, Life Changes, Trusts, Uncategorized, Wills
3 Asset Protection Tips
21
Jun
Jun
People mistakenly believe that asset protection only matters for wealthy families or professionals in high-risk occupations. But this is not the case. Anyone can be sued as a result of a car accident, foreclosure, unpaid medical bills, or tenant injury. A monetary judgment against you could decimate your finances. What Is Asset Protection Planning? Asset […]
Alzheimer's, Dementia, Elder Care, Estate Attorney, Estate Planning, Guardianship, Life Changes, Trusts, Wills
Three Legal Things to Do After a Scary Health Diagnosis
29
Mar
Mar
A scary health diagnosis causes emotional and logistical challenges. For instance, how can you take care of your family if something happens which causes physical incapacitation? In addition to working closely with your medical providers, consider taking these three legal tips: Make sure your Estate Plan is up to date. Are you among the 42 […]
Estate Attorney, Estate Planning, Estates, Inheritance, Life Changes, Probate, Trusts, Wills
10 Estate Plan Mistakes
22
Feb
Feb
Have you created a trust or will? If not, now is the time to do so! And, if so, did you work with an established estate planning attorney to set it up or did you DIY? Either way, review the following caveats to see if any apply to your plan. Review the list to make […]