As interest rates continue to climb, Estate Planning practitioners look to different planning techniques to take advantage of rising rates. Two common estate planning techniques work well in higher-interest rate environments.
Estate Planning: Are You Fully Prepared?
There are a number of different factors that you should consider when you are planning your estate, and many people do not think about all of them. In this post, we will look at a few estate planning details that you may overlook in an effort to help you see a bigger picture. Letter of […]
More than Just Salad Dressing: The Ongoing Saga of Newman’s Own Foundation
When a famous individual dies, it’s always interesting to see how they set up their estate, if they bothered to undertake estate planning at all. These cases provide great lessons for Estate Planning practitioners both about what to do, as well as about what to avoid. In some cases, even when celebrities take the time to set up a proper estate plan, things go wrong. Paul Newman’s estate represents one such situation. Read on to learn more.
There Is Always an Estate Planning Solution
An estate planning solution exists for your unique situation. Read on to learn more about how we can help you plan for your future and protect your family. A lot of people think that estate planning is a term that is used to describe the creation of a will. In fact, there are many ways […]
Five Eye Opening Facts About Probate
Some people assume that the executor of a will can transfer the assets to the beneficiaries in short order after the passing of the testator. In fact, this is not the way it works. The executor would be required to admit the will to probate. This is a legal proceeding that takes place under the […]
Basic Estate Planning Solutions for Small Business Owners
Small business owners have retirement and estate planning decisions to make. In this post, will take a look at three distinct pieces to this somewhat challenging puzzle. LLC for Asset Protection If you conduct business as a sole proprietor, your personal property and your business are intertwined as one entity. This is risky, especially if […]
Common Mistakes in Estate Planning – Part I
Despite knowing that they should have an estate plan, many individuals look for shortcuts to creating an Estate Plan. They rely upon advice from seemingly well-intentioned individuals that if avoiding probate is their main goal and they don’t have a taxable estate, they need not seek out an attorney to create an Estate Plan. While options exist to avoid probate, probate avoidance is just one of many considerations in creating an Estate Plan.
Asset Protection: It’s Not Exclusively for Business Owners
If you are in business for yourself, you should place an emphasis on asset protection. There are relatively simple steps that you can take to erect a shield between your personal property and your business. We will look at the most commonly utilized asset protection structures for small businesses here, and we will also share […]
Can a Person With a Disability Create a Supplemental Needs Trust?
Many people with disabilities rely on Medicaid as a much-needed source of health insurance. These folks can also receive Supplemental Security Income (SSI), and this is largely self-explanatory. These programs are only available to people that have less than $2000 in countable assets. Once eligibility for these programs has been granted, it is not necessarily […]
What Is a Life Estate and Why Would I Use One?
There are many different ways to proceed when you are planning your estate, and we endeavor to provide information about all the transfer methods that can be utilized. One of them is a life estate, and we will take a look at this approach here. The Probate Process In order to understand why people use […]
