NEWS & LEGAL ARTICLES

Estate Planning

Second Marriages Later in Life

The best way to ensure that one’s assets are available for a surviving spouse but ultimately distributed to one’s children from a prior marriage is through the use of a trust.

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Estate Planning

State to State Estate Planning

Relocating to a new state often creates issues affecting estate planning. Many people wonder if they need a new will or trust when they move from one state to another. Although a will or trust validly executed in one state should be valid in a different state, it is a good idea to have the estate planning documents reviewed. By addressing issues related to the relocation, an individual can avoid certain problems and maximize possible benefits.

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Estate Planning

Estate Planning: No Contest Clause

In order to discourage disappointed heirs from disputing your estate plan, you can include a “no-contest” provision that automatically cancels an heir’s inheritance if he or she challenges the distribution of your assets in any way.

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Estate Planning

Changing Your Will or Trust

Although no one wants to create problems between beneficiaries of the estate, even small handwritten changes can create great problems.

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Estate Planning

What is Probate?

Probate is one of the least understood of court processes. However, it is a procedure that can affect the family and heirs of every mature adult following his or her death.

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Estate Planning

Preparing for the Storms of Life

Many people think an estate plan only involves drafting a document before you die. An equally important part of an estate plan should include what happens to you and your assets while you are living.

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Estate Planning

President Biden: Expected Tax Changes

Within the next year, it is anticipated that President Biden and his administration will introduce legislation to change various tax laws that will have a significant impact on estate planning.

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Estate Planning

Discussing Estate Planning with Loved Ones

I always advise my clients to let their family members know that they have done estate planning and where the documents are located. At a minimum … family members must know that planning has been done.

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