Independence didn’t happen by accident – it was planned. This July 4th, discover how Life & Legacy Planning empowers you to protect your loved ones from court, confusion, and conflict. It’s your turn to create a lasting legacy of freedom. READ MORE

This Father’s Day, go beyond the usual gifts and give your loved ones the peace of mind that comes with proper planning. As a father, your greatest responsibility is to protect and provide for your family—not just today, but for the future. In this blog, I explain how traditional estate planning often falls short and why creating a comprehensive Life & Legacy Plan is the most meaningful way to safeguard your family’s well-being. With thoughtful planning, you can ensure your loved ones are supported, your wishes are honored, and your legacy continues for generations to come. READ MORE

As Congress considers sweeping new tax legislation, it’s a good time to start preparing for potential changes that could benefit both individuals and business owners. From restoring 100% bonus depreciation for business asset purchases to increasing the child tax credit and lifting the SALT deduction cap, this proposed bill could reshape your financial landscape. Now is the time to understand what these changes might mean for you—and how to use strategic planning to take advantage of them before they potentially expire in 2028. READ MORE

Pride Month is a time to celebrate love, identity, and family in all forms – but it’s also a powerful reminder that legal protections for LGBTQIA+ individuals and families aren’t always guaranteed. In this blog, I share why thoughtful planning – beyond just a basic will – is essential to safeguard your rights, ensure your wishes are honored, and protect the people you love most, no matter what the law or future may hold. READ MORE

Your estate plan isn’t a one-and-done task – it needs to be reviewed regularly, especially after big life changes. Whether you’re getting married, going through a divorce, welcoming a child, facing illness, or acquiring new assets, these events can impact how your plan works when your loved ones need it most. In this blog, I walk through the seven key moments when it’s essential to update your estate plan to avoid confusion, court, or conflict in the future. READ MORE

Tony Hsieh’s unexpected death left his $500 million estate in turmoil for years—until a mysterious will surfaced five years later. This real-life story reveals how even the wealthy can fall into estate planning pitfalls and how a Life & Legacy Plan could have prevented the conflict, confusion, and court costs his family endured. READ MORE

Taking care of your kids doesn’t mean sacrificing your well-being. In fact, research shows that when parents are stressed, anxious, or burned out, it can negatively impact their children. This blog explores why self-care—like mindfulness meditation—isn’t just good for you, but also essential for being the calm, present parent your kids need. Plus, we share how creating a Life and Legacy Plan can give you peace of mind knowing your children are protected, no matter what happens. READ MORE

Memorial Day is a time to remember and honor those who gave their lives in service to our country—but it can also serve as a reminder for each of us to reflect on the legacy we’ll leave behind. As a life and legacy planning attorney, I often see how meaningful it is for families when their loved ones take the time to plan ahead. This blog explores how Memorial Day can inspire you to think beyond remembrance and take practical steps to ensure your values, stories, and assets are preserved for the next generation. READ MORE

Before you agree to serve as trustee for a loved one’s trust, it’s essential to understand what the role actually involves. Being a trustee means taking on serious legal and financial responsibilities – and if handled improperly, it can lead to personal liability. In this blog, we walk you through what trustees do, when it might be best to say no, and how you can get the guidance you need to fulfill the role successfully. READ MORE

This Mother’s Day, consider a gift that lasts forever. Estate planning isn’t just about assets – it’s a powerful way to continue protecting, nurturing, and guiding your loved ones long after you’re gone. Discover how to turn your love into a lasting legacy. READ MORE

Caring for aging parents and loved ones is one of the greatest challenges many families face today. Without a plan, the financial, emotional, and logistical strain can take a heavy toll. In this article, we explore how proactive estate planning in 2025 can help you protect your loved ones, reduce stress, and create a clear path forward — with dignity, compassion, and security. READ MORE

The proposed Death Tax Repeal Act of 2025 could eliminate the federal estate tax entirely, significantly impacting how wealth is passed between generations. In this blog, we explore what the repeal might mean for your family, how it could shift estate planning strategies, and why it’s more important than ever to have a flexible Life & Legacy Plan in place. READ MORE

Your financial assets are only part of the legacy you leave behind — your family values, life lessons, and personal stories are just as important, if not more. Preserving your true legacy doesn’t have to be difficult. With simple tools like video or audio recordings, you can easily share your wisdom, traditions, and heartfelt messages with future generations. And with a comprehensive Life & Legacy Plan that includes a Life and Legacy Interview, you can ensure your family treasures not only what you built, but who you are. READ MORE

Estate planning isn’t just about passing on your money—it’s about preserving your legacy. In today’s world, your stories, values, and life lessons are among the most meaningful gifts you can leave behind. By thoughtfully incorporating these into your estate plan through recorded messages, legacy letters, and intentional planning, you ensure that your family’s heritage lives on for generations. This blog explores how to weave your family values into your legal documents, so your loved ones inherit not just your wealth, but your wisdom. READ MORE

Imagine losing $700 million because of a simple mistake. That’s exactly what happened to a man who accidentally threw away the only key to his Bitcoin fortune—forever locking it away. While most of us don’t have that kind of money, the lesson is clear: if you don’t keep track of what you own and where it is, your assets could be lost for good. In this blog, we explore how creating an up-to-date asset inventory can protect your family from stress, loss, and conflict—and why it’s a critical (yet often overlooked) part of every estate plan. READ MORE

The recent passing of Gene Hackman and his wife, Betsy Arakawa, sheds light on estate planning issues many families overlook – especially the risks of outdated documents and not planning for simultaneous deaths. While their 2005 estate plans attempted to address some key concerns, gaps still remain that could lead to confusion or unintended consequences. Their story serves as an important reminder of why it’s crucial to not only have a plan, but to have one that’s up to date, accounts for complex family dynamics, and includes clear instructions for every possible scenario. READ MORE

Creating a trust is a great way to protect your assets and loved ones, but it’s not a “set it and forget it” document. Life changes – marriage, divorce, new children, financial shifts—and so do laws that impact your estate. If your trust isn’t updated regularly, it may not work as intended, leading to probate, family disputes, or unexpected taxes. Reviewing your trust every three to five years, or after major life events, ensures it continues to protect your family and reflect your wishes. At Cheever Law, we make the process simple – schedule a trust review today and keep your plan working for you. READ MORE

Creating a will is an important step in planning for the future, but doing it alone or using an online service could lead to costly mistakes. A will is just one part of a complete estate plan that ensures your loved ones are protected and avoids court battles or unnecessary complications. Without proper planning, your assets could end up in the wrong hands, your children may not have the protection they need, and your family could face unnecessary legal and financial burdens. Before writing your will, it’s crucial to understand what you truly need to keep your family out of court and conflict. At Cheever Law, we help you create a solid estate plan that honors your wishes and secures your loved ones’ future. READ MORE

Estate planning is especially important for women, who often face unique financial challenges such as longer life expectancies, lower lifetime earnings, and career breaks for caregiving. Without a solid plan, assets may be tied up in probate, children may end up with court-appointed guardians, and financial security could be at risk. From naming legal guardians for minor children to setting up wills, trusts, and powers of attorney, estate planning ensures that your wishes are honored and your loved ones are protected. Taking the time to plan today can provide peace of mind and financial security for the future. READ MORE

If your savings exceed FDIC insurance limits, it’s crucial to take proactive steps to protect your hard-earned money. While the FDIC covers up to $250,000 per depositor, per bank, per ownership category, you can maximize coverage by spreading funds across multiple banks, using different account types, or considering alternatives like credit unions, cash management accounts, and Treasury securities. A well-structured financial plan not only safeguards your assets but also ensures they align with your estate planning goals. Taking the time to review your banking setup today can help secure your wealth for the future. READ MORE

Love and commitment don’t always come with a marriage license, but the law still sees a big difference between married and unmarried couples. If you and your partner have built a life together – owning a home, raising kids, or sharing finances – you may assume that your partner will be taken care of if something happens to you. Unfortunately, without proper legal planning, that’s not the case. READ MORE

Talking to your family about your estate plan may feel uncomfortable, but it’s one of the most important conversations you can have. Clear communication now can prevent confusion, stress, and disputes later. By preparing ahead – choosing the right people for key roles, organizing your documents, and anticipating questions – you can make the discussion smoother and more productive. This isn’t just about legal documents; it’s about giving your loved ones clarity and peace of mind, ensuring they understand your wishes and can support one another when the time comes. READ MORE

As you plan your next family vacation, don’t forget one crucial detail – ensuring your children are protected if something unexpected happens to you. A Kids Protection Planprovides legal documentation and emergency instructions so your children are always cared for by the people you trust, rather than being placed in the custody of strangers or social services. From naming temporary guardians to ensuring medical decisions can be made on their behalf, taking these simple steps now gives you peace of mind while you travel. Think of it as travel insurance for your child’s well-being – something you hope you’ll never need but will be grateful to have in case of an emergency. READ MORE

UPDATE: On March 2, 2025, the U.S. Department of the Treasury announced that it will not enforce any penalties or fines associated with the Corporate Transparency Act (“CTA”) reporting requirements against U.S. citizens or domestic companies. Rather, it plans to propose rules that narrow the scope of the CTA to foreign reporting companies only.  READ MORE

Same-sex couples face unique challenges in estate planning, especially with the uncertainty surrounding marriage protections. While laws may change, the right estate plan ensures that your assets, healthcare decisions, and financial matters remain in the hands of those you trust. This blog explores essential legal tools—such as trusts, healthcare directives, and power of attorney—that safeguard your rights, no matter what happens. Don’t wait for uncertainty – take control of your future today with a Life & Legacy Plan that protects you and your loved ones. READ MORE

If your loved ones don’t know how to find or access your assets when you pass away, those assets could be lost forever. This happened in the case of QuadrigaCX’s owner, whose failure to document access to his cryptocurrency left $145 million unrecoverable. From digital wallets to online banking accounts, your life & legacy plan must include a complete inventory with clear instructions. Don’t leave your family in the dark – learn how to safeguard your assets and ensure they reach the right hands. Read more on our blog. READ MORE

This Valentine’s Day, go beyond flowers and chocolates—give your loved ones the ultimate gift of protection and peace of mind. A Life & Legacy Plan ensures your family is cared for, your wishes are honored, and your assets are protected, no matter what happens. It’s more than just legal documents; it’s a lasting act of love that spares your family unnecessary stress and confusion. Don’t wait – take this important step today and show your loved ones how much you truly care. READ MORE

Blended families bring love and new beginnings, but they also come with unique challenges when it comes to life and legacy planning. Without a clear plan in place, conflicts can arise between spouses and children from previous relationships, leading to unintended financial and emotional stress. A well-structured life and legacy plan ensures that your loved ones are cared for according to your wishes, preventing disputes and fostering harmony. Learn how thoughtful planning can strengthen your blended family and provide peace of mind for everyone involved. READ MORE

Incorporating charitable giving into your estate plan not only supports the causes you care about but also provides significant financial benefits. Whether you leave a donation in your will or trust, name a charity as a beneficiary of your retirement account, or establish a charitable remainder trust, you can reduce estate taxes, maximize tax savings, and even create a lifetime income stream for yourself or your family. At Cheever Law, APC, we can help you develop a strategic plan that aligns with your values while benefiting your estate. Read our latest blog to learn how charitable giving can be a powerful part of your legacy. READ MORE

Disasters can happen anytime, and being prepared can make all the difference for you and your loved ones. From packing a go-bag to ensuring your estate plan is up to date, having a solid plan in place allows you to act quickly, stay safe, and recover more easily. In this blog, I’ll walk you through essential steps for disaster preparedness, emergency response, and recovery, while also highlighting how Life & Legacy Planning can provide long-term security and peace of mind. Don’t wait for an emergency—take action now to protect what matters most! READ MORE

Most people think estate planning is a one-time task – create the documents, file them away, and forget about them. But an outdated or incomplete plan can leave your family facing court battles, unnecessary expenses, and confusion when they need guidance the most. Estate planning isn’t just about having a will or trust – it’s about keeping those plans updated as your life, assets, and laws change. Don’t leave your loved ones with a plan that doesn’t work. Learn how to ensure your estate plan is effective when it matters most. READ MORE

Many people believe estate planning is only for the wealthy, but this couldn’t be further from the truth. Estate planning is about protecting your loved ones, ensuring your wishes are honored, and avoiding unnecessary legal and financial complications. Whether it’s naming guardians for your children, minimizing taxes, or preventing disputes, having a solid plan in place brings peace of mind and security. Don’t let common myths like “I don’t have enough assets” or “It’s too expensive” stop you from taking action. A well-prepared estate plan is one of the most thoughtful gifts you can give your family. READ MORE

Estate planning is like creating a lesson plan for your future – organizing what happens to your money, property, and care when you can’t make those decisions yourself. From essential documents like a revocable living trust and will to powers of attorney and healthcare directives, estate planning ensures your wishes are honored and your loved ones are protected. Start preparing today to secure your future and guide your family with clarity and confidence. READ MORE

As we enter 2025, now is the perfect time to take action to protect your loved ones and secure your legacy. From organizing your finances and minimizing taxes to recording a meaningful Life & Legacy Interview and planning your final farewell, these steps ensure your family is cared for and spared unnecessary stress. Through a comprehensive Life & Legacy Plan, you can create peace of mind for yourself and lasting clarity for your loved ones. Schedule a Life and Legacy Planning Session today to get started! READ MORE

Act now to protect your cryptocurrency! New IRS rules starting in 2025 require wallet-by-wallet cost basis tracking, which could impact your tax strategy. Use the safe harbor deadline of December 31, 2024, to simplify compliance and secure your digital legacy. Schedule a Life and Legacy Planning Session today to ensure your crypto assets are protected for the future! READ MORE

The desire to make a difference doesn’t end when we’re gone. For many people, incorporating charitable giving into their estate plan provides a way to support causes they care about while creating a lasting legacy. Whether you want to establish a scholarship fund, support medical research, or help your local community, thoughtful charitable planning can maximize your impact while potentially providing tax benefits for your heirs. Since this time of year invokes a desire to give to those less fortunate, and take advantage of tax benefits, let’s explore how you can do that by including charitable giving in your Life & Legacy Plan.  READ MORE

In uncertain times, protecting your family’s future is more important than ever—especially for LGBTQIA+ families and those with children who have special needs. This article explores how to navigate potential legal and policy changes by creating a customized Life & Legacy Plan. From safeguarding healthcare and educational rights to building comprehensive legal protections, learn how to ensure peace of mind for your loved ones. READ MORE

Planning for your family’s future can feel overwhelming with so many options to consider, such as whether to create a will or trust, or what happens if you don’t plan at all. This blog addresses common questions about estate planning, including the differences between wills and trusts, the probate process, and how to create a plan that minimizes stress for your loved ones. Gain clarity and take control of your legacy with insights and actionable steps to protect what matters most. READ MORE

When Tony Bennett passed away in 2023, his $100 million estate became the center of a family dispute that highlights the importance of clear estate planning. Bennett’s daughters are suing their brother, the trustee of the estate, over allegations of financial mismanagement, lack of transparency, and failure to honor their father’s wishes. This case serves as a cautionary tale about the potential pitfalls of appointing a family member as trustee without proper safeguards. In this blog, we explore the lessons from the Bennett estate battle and provide valuable insights on how to protect your family from similar conflicts through thoughtful planning, communication, and the right legal guidance. READ MORE

Creating an estate plan is one of the most important steps you can take to protect your loved ones and ensure your wishes are honored. Without a plan, you risk leaving your family to navigate a slow, costly, and often confusing legal process, dealing with the state’s default inheritance rules, or even facing difficult decisions about your care or guardianship of your children. In this blog, we explore the 4 critical reasons why you can’t afford to go without an estate plan—and how taking action now can spare your family unnecessary stress, conflict, and expense. Don’t wait—get the peace of mind that comes with knowing your family is protected and your legacy is secure. Schedule your Life and Legacy Planning Session today. READ MORE

Being named an executor of a loved one’s estate may seem like an honor, but it often comes with unexpected challenges. From managing paperwork and notifying financial institutions to navigating family dynamics, the responsibilities can quickly become overwhelming—especially while you’re also grieving. In this blog, we explore the hidden truths of estate administration and how a comprehensive Life & Legacy Plan can make the process smoother for your loved ones. Learn how proper planning can reduce stress, prevent family conflicts, and ensure your wishes are carried out with ease. Schedule a Life and Legacy Planning Session today to protect your family and your legacy. READ MORE

As we honor our veterans this Veterans Day, it’s important to remember that protecting your legacy is just as crucial as the service you’ve given to our country. Life & Legacy Planning is an essential tool for veterans, helping you safeguard your family’s future and ensure your military benefits are fully utilized. In this post, we’ll guide you through the unique estate planning opportunities available to veterans, offering practical advice on how to organize your assets, protect your loved ones, and create a comprehensive plan that reflects your wishes. Your legacy deserves to be protected—let us show you how. READ MORE

Creating an estate plan is one of the most vital steps you can take to secure your family’s future, yet many people delay this important task with thoughts like, “I’m too young,” or “My family will know what to do.” However, without a plan, your loved ones may face a lengthy and costly probate process, lose control over who inherits your assets, and struggle to make medical and financial decisions on your behalf. If you have minor children, failing to name legal guardians can lead to heartbreaking outcomes. Don’t leave your family’s future to chance – take action today to ensure they are protected and cared for, no matter what happens. READ MORE

In the wake of Shelley Duvall’s passing, we are reminded of the vital importance of having a comprehensive estate plan. Duvall’s situation, particularly concerning her long-term partner Dan Gilroy, highlights the complexities and potential pitfalls that can arise when legal matters are left unresolved. Without a will in place, Gilroy faces a challenging process to claim his rightful share of Duvall’s estate, underscoring the need for clear planning. This blog explores key lessons we can all learn from Duvall’s story, emphasizing the significance of a Life & Legacy Plan to protect your loved ones and ensure your wishes are honored. Join us as we delve into essential strategies for effective estate planning, particularly for unmarried partners and those facing mental health considerations. READ MORE

Marriage has evolved significantly, with common law marriage being a lesser-known form recognized in a few states. While it can offer legal benefits, navigating its complexities is crucial, especially when planning for unexpected events like illness or death. Without proper documentation, surviving partners may face serious challenges regarding inheritance and decision-making rights. To ensure your wishes are honored and your loved ones are protected, consider scheduling a Life and Legacy Planning Session with us today! READ MORE

October 21-27 is National Estate Planning Awareness Week, a great opportunity to address common misconceptions about estate planning. Many people think it’s only for the wealthy or too complicated, but in reality, it’s essential for everyone, regardless of age or financial situation. An estate plan ensures your loved ones are taken care of, helping them navigate important decisions during difficult times. By creating a personalized Life & Legacy Plan, you can gain peace of mind and ensure your wishes are honored. Don’t let myths hold you back – take control of your future today! READ MORE

In an aging society, facing end-of-life decisions for loved ones can come sooner than expected. A recent story by Maggie Schneider Huston illustrates the emotional complexities involved. Maggie’s experience with her father’s advance directive highlights the importance of not only creating such a document but also ensuring that it is readily accessible and that your chosen advocates are prepared to stand up for your wishes. READ MORE

A community property trust can be a powerful tool for couples with highly appreciated assets, offering significant tax savings by stepping up the basis of jointly owned property when one spouse passes. In our latest blog, we explain how this type of trust works, its benefits, and how it fits into a broader estate plan. Not sure if it’s right for you? Learn more and schedule a Life and Legacy Planning Session with us to explore your options! READ MORE

A power of attorney (POA) is a powerful legal tool, but it may not work the way you expect. Many people assume a POA gives someone indefinite access to their finances, but it actually ends upon death. In our latest blog post, we clear up common misconceptions about POAs, explain the different types, and show you how a living trust can ensure your finances are managed without disruption. Ready to protect your legacy? Schedule a Life & Legacy Planning Session with us today! READ MORE

A financial power of attorney (POA) is essential for ensuring your financial affairs are managed according to your wishes if you become incapacitated. However, it’s important to know that a POA may not be recognized in certain situations, such as when dealing with the IRS, Social Security Administration, or certain financial institutions. Understanding these limitations can help you plan more effectively and avoid potential complications. In our latest blog post, we explore the nuances of financial POAs, their exceptions, and how you can safeguard your legacy. Schedule a Life and Legacy Planning Session with us to ensure your estate plan is comprehensive and up to date! READ MORE

As we age, the importance of estate planning becomes clearer, yet recent studies show a decline in will creation among seniors. In our latest blog, we address common questions seniors have about managing their affairs, traveling, and protecting their loved ones after they’re gone. Discover how financial and medical powers of attorney can provide essential support, and learn how trusts can help you secure your family’s financial future. Embrace your golden years with confidence – read more to find out how we can assist you in creating a comprehensive estate plan! READ MORE

Matthew Perry’s passing brought not only sorrow but also a fascinating look into the complexities of estate planning. Despite his reported net worth of $120 million, his bank account revealed only $1.5 million, raising questions about asset management and distribution. In our latest blog, we explore the importance of trusts in estate planning, highlighting how they can protect your assets, provide ongoing support for loved ones, and maintain your privacy. Discover the valuable lessons from Perry’s estate plan and learn how to secure your own legacy. Read on to find out how we can help you create a comprehensive Life & Legacy Plan! READ MORE

Navigating estate planning after a remarriage can be complex. Whether you’re dealing with updating beneficiary designations or ensuring your new spouse is considered in your plans, it’s crucial to address how remarriage impacts your estate. Learn how to review your existing plans, protect your assets, and communicate your wishes clearly. Discover how to ensure that your estate planning documents reflect your current situation and avoid potential conflicts. For expert guidance, contact us to schedule a Life and Legacy Planning Session. READ MORE

Considering AI for your estate planning? Before you decide, ask yourself these crucial questions. What truly matters to you and your family? How important are your assets and relationships to protect? Is the convenience of AI worth the potential risks? Estate planning is more than a set of documents; it’s about leaving a lasting legacy and ensuring peace of mind for your loved ones. Discover why a personalized approach can make all the difference. Read more to explore how to create a plan that honors your unique situation and goals. READ MORE

As we celebrate Labor Day, take a moment to reflect on your journey and the hard work that has shaped your life. From your first job to your current achievements, your dedication has built a legacy worth protecting. This blog explores how to honor your life’s work with a comprehensive Life & Legacy Plan. Discover why it’s essential to plan for the future and how a thoughtful estate plan can preserve your legacy, protect your assets, and ensure your wishes are honored. Let’s celebrate the fruits of your labor and secure your family’s future together. READ MORE

Setting up a trust is a crucial part of estate planning, but it’s only the first step. To make your trust work effectively, you need to ensure it’s properly funded. This means transferring your assets – like bank accounts, real estate, and investment accounts – into the trust. Funding a trust can seem complicated, but it’s essential for avoiding probate and ensuring your wishes are carried out smoothly. In our latest blog post, we break down the process of trust funding, including tips on handling various types of property and the importance of working with professionals. Learn how to get it right and secure your family’s future. READ MORE

Beneficiary designations might seem like a simple way to ensure your assets go to the right people, but relying on them alone can create unexpected problems. From complications with minor beneficiaries to risks if a beneficiary dies before you, there are many potential pitfalls. Discover why beneficiary designations alone aren’t enough and how a comprehensive Life & Legacy Plan can better protect your family and your wishes. Explore our latest blog to learn about the risks and find out how we can help you create a robust estate plan that evolves with your life. READ MORE

Imagine discovering $23,000 that belongs to you, only to find out you can’t claim it. This was the frustrating reality for Dale Benerofe, a Georgia resident, who uncovered unclaimed property from her deceased parents. Her story highlights a significant issue that affects millions of Americans: unclaimed property. In this blog, we’ll explore what unclaimed property is, how to find it, and why effective estate planning is essential to ensure your loved ones receive their rightful inheritances. Don’t let your hard-earned assets go unclaimed – read on to learn how to protect your legacy. READ MORE

Navigating life after bankruptcy can be overwhelming, but creating an estate plan can serve as your roadmap to a secure future. Whether you’ve filed for Chapter 7 or Chapter 13, it’s vital to protect your remaining assets, including accounts and property, through proper planning. This includes ensuring beneficiary designations are complete, establishing a last will and testament, and considering a revocable living trust. Not only does estate planning safeguard your assets, but it also provides clarity on who will make financial and medical decisions for you if you’re unable to do so. Let us help you start this new chapter on the right foot – call us today to customize an estate plan tailored to your needs! READ MORE

Imagine naming your ex as the beneficiary of your retirement account in your twenties, only to leave behind a million-dollar nest egg for them years later. This isn’t just a hypothetical scenario – it happened to Jeffrey Rolison, whose failure to update his beneficiary designation led to a high-profile legal battle. This story underscores the critical importance of regular reviews of your estate plan, especially beneficiary-designated accounts, to ensure your wishes are honored. Learn how to protect your loved ones and avoid making a million-dollar mistake in our latest blog post. READ MORE

In today’s world, stay-at-home parents provide invaluable nonfinancial contributions to their families, from childcare and household management to transportation and meal preparation. But have you considered what would happen if they were no longer able to fulfill these essential roles? In this article, we explore the importance of recognizing and protecting the value of stay-at-home parents through comprehensive financial and estate planning. Learn how to quantify their contributions, the role of insurance, tax planning strategies, and the importance of establishing guardianship for minor children. Protecting your family’s future is crucial, and we’re here to help you navigate these important decisions. READ MORE

In the world of estate planning, understanding the HEMS standard – standing for “health, education, maintenance, or support” – is crucial for effective trust management. This standard guides trustees on permissible distributions to beneficiaries and helps prevent tax consequences and asset protection issues. In our latest blog post, we explore the reasons behind incorporating HEMS in trusts, including its tax benefits and asset protection features. We also provide practical examples of what qualifies as a HEMS distribution. Ready to learn more about securing your legacy? Reach out to schedule a Life and Legacy Planning Session today! READ MORE

In this third installment of our Celebrity Estate Plans Series, we delve into Jay Leno’s real-life case to uncover the critical importance of planning for incapacity. While Jay Leno’s fame may have brought his situation into the public eye, the lessons from his experience are universally relevant. Discover how incapacity planning can prevent your loved ones from facing unnecessary court battles, financial delays, and public exposure. Learn why having a comprehensive Life & Legacy Plan is crucial to ensure your affairs are managed seamlessly and privately, regardless of life’s unexpected turns. Ready to protect your future? Schedule a Life and Legacy Planning Session with us today. READ MORE

When it comes to estate planning, open communication with your spouse is crucial. From knowing where important documents are kept to discussing burial arrangements and thoughts on remarriage, addressing these topics can prevent confusion and stress for your loved ones. In our latest blog, we break down four essential conversations every couple should have to ensure a smooth transition and safeguard your family’s future. Don’t leave your spouse with unanswered questions – read on to find out how you can create a comprehensive plan that truly reflects your wishes. READ MORE

In this installment of our Celebrity Estate Plans Series, Vanilla Ice shares valuable insights on estate planning through his own experiences. From tackling estate taxes to maximizing life insurance benefits and utilizing trusts, Vanilla Ice offers practical advice to safeguard your assets and ensure they benefit your loved ones for generations to come. Discover the lessons from Vanilla Ice’s journey and learn how to create a solid estate plan that aligns with your goals and aspirations. READ MORE

As an executor or trustee, ensuring assets reach their intended beneficiaries is crucial. But what happens when a beneficiary is missing? Here’s a glimpse into the steps and considerations involved in locating beneficiaries, including the use of heir search services and the importance of legal guidance. Stay informed to navigate these complexities effectively and protect your fiduciary responsibilities. READ MORE

In our exploration of Michael Jackson’s estate plan, we uncover valuable lessons applicable to everyone, regardless of fame or fortune. Despite his global influence, Jackson’s oversight in estate planning, relying solely on a Will instead of a trust, led to prolonged legal battles and public scrutiny for his family. This highlights the critical importance of comprehensive estate planning and the role of a successor trustee in safeguarding assets and family harmony. Learn from his story to ensure your loved ones are protected with a well-thought-out estate plan. READ MORE

As you celebrate the Fourth of July, embrace the ultimate American liberty: the right to decide your own affairs, even after death or in the event of incapacity. Learn how a Life & Legacy Plan empowers you to preserve self-determination, protect your family, grow your wealth, and define your legacy. This comprehensive estate planning approach ensures your wishes are honored, evolves with you, and minimizes stress for your loved ones. Make your own declaration of freedom and secure your legacy with a Life & Legacy Plan today. READ MORE

Joint tenancy with rights of survivorship (JTWROS) is a common form of property ownership in the United States, offering an undivided right to enjoy the property and a seamless transfer to the surviving joint tenant upon death. While this method is attractive for its simplicity and low cost, it can lead to unintended legal consequences. Explore the benefits and potential pitfalls of JTWROS, and learn about the various methods for severing joint tenancy when necessary. Ensure your estate planning aligns with your wishes by consulting an experienced attorney. READ MORE

Did you know that your physical health can have a profound impact on your estate planning? As we mark Men’s Health Month, let’s explore how good health extends beyond just longevity and quality of life—it’s also crucial for setting up a robust estate plan. A strong estate plan ensures your wishes are respected throughout your life and even after, making it as important as your physical well-being. READ MORE

Conversations about death and dying can be uncomfortable, but they’re essential for ensuring your parents’ wishes are honored. This blog explores the importance of discussing estate planning with your parents, offering practical tips on how to approach the topic. Learn how to navigate these sensitive conversations, involve all necessary parties, and review existing plans to build a solid foundation for your family’s future. Don’t wait – take steps now to secure your parents’ legacy and provide peace of mind for everyone involved. READ MORE

When your child turns 18, they’re legally considered an adult, even though they still have a lot more growing to do (though they might not think so!). Just like any other adult, their health and financial information is protected by privacy laws. But you can still step in and help them if you and your child plan ahead. In our latest blog, we share three essential strategies to help you and your child navigate this important transition: education, communication, and legal planning. Learn how to support your newly-minted adult through this critical phase and ensure you’re able to step in if needed. READ MORE

When creating an estate plan, a critical question arises: Who will get your belongings when you pass on? While major assets like homes and retirement accounts often get attention, personal items such as jewelry, clothing, and sports equipment can be overlooked. What happens if your loved ones don’t want these items? This article explores how to handle personal property in your estate plan, covering wills, trusts, and various methods to distribute or dispose of unwanted items, ensuring your wishes are honored and your loved ones are spared unnecessary burdens. Discover practical solutions and the importance of a comprehensive estate plan to protect your legacy. READ MORE

As a father, you’ve always strived to provide the best for your family, ensuring their well-being and securing their future. From the moment you first held your child, you committed to protecting them, guiding them, and supporting their growth and happiness. Your dedication is unwavering, and your love knows no bounds.

However, even the most well-intentioned plans can falter if you overlook the complexities of estate planning. It’s not just about having a will or a few financial arrangements in place; it’s about understanding the intricate details and potential challenges that can arise. Without a thorough and well-thought-out estate plan, your assets might not be distributed according to your wishes, and your family could face unnecessary legal battles and financial hardships. READ MORE

You just found out that your favorite aunt has died. In the midst of your grief and sadness, you receive a notice from the attorney handling your aunt’s affairs stating that you are a beneficiary. Your best friend advises you to get an attorney. What should you do? Will your aunt’s attorney help you? After all, the attorney has been helping your family for years. Since this attorney knows your aunt and the family affairs, shouldn’t her attorney be able to help you as well? READ MORE

This Pride Month, take the time to safeguard your family’s future by putting the proper legal protections in place for yourself and the people you love. You worked hard to build this life – don’t let lack of planning put it all at risk. In this article, I’ll address some key actions to take so you’re empowered to advocate for your rights as an LGBTQIA+ non-biological parent.  READ MORE

With our society becoming increasingly mobile and international travel becoming more affordable than ever before, families and family-like relationships have steadily grown far more diverse in terms of citizenship. It is no longer uncommon for spouses from different countries to retain citizenship in their native countries. Many couples split their time between the United States and another country to be near their families and enjoy the many benefits of such a lifestyle. In addition, it is not uncommon for a couple’s children or other loved ones to move away from their country of origin and take up permanent residence abroad, or even renounce their home country citizenship, depending on their choices of careers or domestic partners or other considerations. READ MORE

Memorial Day brings with it an opportunity to reflect on the concepts of mortality, remembrance, and legacy. As we remember the brave men and women who lost their lives serving in the military, may this day also inspire you to think about the legacy you wish to leave behind.

But, first, what is a legacy, really? “Legacy” is often misunderstood and so is estate planning. Legacy and estate planning are often perceived as “only for the wealthy” and/or “philanthropic”. But that couldn’t be further from the truth.  READ MORE

Clients often naturally choose their children to be beneficiaries of their revocable living trusts. Many clients also wish to name one or more of their children as the trustee of that trust, but are not sure if that is allowed by the law. The short answer is yes, a beneficiary can also be a trustee of the same trust – but it may not always be wise, and certain guidelines must be followed. 

There are good reasons for naming a trust beneficiary as trustee. For one, it is convenient. A trust’s beneficiaries are usually known, loved, and trusted by the trustmaker, so it makes sense to select one of the beneficiaries as trustee. Also, a trustee-beneficiary has a vested interest in ensuring that the trust is administered in accordance with the trustmaker’s intentions because it benefits them, though this might be less true if the beneficiary is unhappy with their portion of the trust proceeds.  READ MORE

A deed is a legal document used to transfer real property ownership rights from one person or entity (the grantor) to another (the grantee). In many cases, this transfer occurs due to the property being sold, with the seller transferring the property to the buyer. Typically, a deed is recorded with the local county recorder of deeds. Recording the deed gives the public notice that the grantee now legally owns the property. 

Not recording a deed can cause problems for the grantee. They may be unable to obtain a mortgage, insure the property, or sell it. Even more problematic, an unrecorded deed may make it possible for the grantor to sell the property to a buyer and subsequently sell the same property to a different buyer. This could result in the property being sold out from under the original buyer who failed to record the deed.  READ MORE

Moms spend their days and nights thinking about how to make sure their children are happy, healthy, and safe. If you’re a mom, you know. If you aren’t a mom, you were born because of a mom. It’s one of the two things we all have in common. 

So, as  Mother’s Day approaches, let’s talk about the most meaningful gift you can give or receive on this hallmark holiday that means a lot: every mom deserves the peace of mind and power to create financial security for themselves and their children with thoughtful estate planning.  READ MORE

Studies have shown that the largest contributing factors to generational loss of wealth are a lack of communication and trust among family members and the failure to prepare heirs. Often, fear is what underlies the lack of communication and trust that inevitably leads to unprepared heirs. Following are some of the fears that prevent people from communicating with their loved ones about their wealth.

We have all heard horror stories about trust-fund kids who had no motivation to do anything other than relax and enjoy life because they knew that a large inheritance would be available for spending once they reached a certain age. Knowing that the large inheritance was coming, they did the bare minimum to make sure they would receive it, but in the process, ignored opportunities to get the most out of their education or learn new skills because, in the child’s mind, the future was already mapped out. READ MORE

In the digital age, online scams and cyber attacks are becoming more frequent, posing risks to not only everyday users but also to lawyers who manage clients’ sensitive information. But there’s no need to fear if you take measures to keep your data safe. And if (when?) you’re working with a lawyer, you should also know what actions lawyers take to protect your data. Taking these two approaches, let’s discuss how you can safeguard yourself from these digital attackers and how lawyers ensure their clients’ data is protected from the bad guys. 

And since this article is being published around “Star Wars Day” (i.e., May 4th, as in “May the fourth (Force) be with you”), I’ll refer to the bad guys as the “Dark Side” just for fun. READ MORE

When a couple engages in foundational estate planning, one of the first questions addressed by estate planning attorneys is whether it makes sense for the couple to use a revocable living trust (RLT) as a part of their plan. If using an RLT makes sense, an important follow-up question to married couples should be whether it makes sense for them to use a joint RLT or separate RLTs. 

A trust is a legal concept that allows an individual (i.e., a grantor, settlor, trustor, or trustmaker) to transfer ownership of their accounts and property to a trustee (for most RLTs, the trustee is the same person as the grantor) who has a legal obligation to use that property for the benefit of a beneficiary.  READ MORE

When you die, what happens to your online life? Each social media platform has its own rules for dealing with the accounts of deceased users, ranging from permanent deletion to transforming accounts into places for mourning and memory.

Understanding these options is essential for managing digital assets responsibly and respecting your wishes. So let’s take a look at the various policies of major social media sites and what you can do to make sure your accounts are handled the way you want. After all, our social media accounts reflect our personalities, interests, and memories, so we want them handled with care. READ MORE

Owning real estate continues to be a very popular investment vehicle for individuals and couples alike. One attractive feature of investing in real estate is that investment property can also double as a personal residence. In other cases, real estate investments may be rental, recreational, commercial, or farm properties.

Whatever the case, it is important to understand that real estate can be owned in several ways, each of which has important legal consequences when it comes to leaving that real estate to your loved ones upon your death. Failing to understand how you legally own your real estate and how it will be passed on to your loved ones can lead to unintended, and often negative, consequences. READ MORE

How your accounts are owned makes a big difference in estate planning. The main objective is usually to ensure that no accounts and property are in only your name when you die. Otherwise, they will be subject to probate, a costly, public, and time-consuming court process that many people prefer to avoid. Therefore, it is important that you review your accounts and beneficiary designations to be sure that the death of your loved one has not compromised your previously established plan.

Accounts with beneficiary designations, such as life insurance policies, retirement accounts, and annuities, will be distributed at your death, without probate court involvement, to the beneficiaries you have named. However, if you named only one beneficiary (the primary beneficiary) and that person predeceases you, the account will be distributed at your death according to the default rules in the policy or account agreement unless you update the primary beneficiary designation or have named a backup (contingent beneficiary). READ MORE

Cryptocurrency, which folks also call “crypto” is, in essence, virtual money that can be used to buy goods and services. It can also be traded for profit, much like stocks. However, unlike the dollars in your wallet, crypto exists only in the digital world. The crypto universe is vast, with thousands of digital currencies out there.

Crypto is based on blockchain technology, which ensures transactions are secure, transparent, and decentralized, so they’re not controlled by any government or financial institution (there are pros and cons to this that we’ll describe below). Imagine blockchain as a digital Lego tower where each block represents a piece of information, and once a block is added to the tower, it can’t be removed or altered, making it a super secure way to keep track of cryptocurrency transactions – kind of like a high-tech, unbreakable diary READ MORE

If you’ve been traveling around the sun for a while, you’ve no doubt heard of a Will, a document that says what happens to your money and belongings after you die. You may even have a Will, or know you should get one. And maybe you’ve heard of a Trust and wondered what it is and how it works. You may have even done research on Google about how to do your own Will or Trust.

In fact, it’s hard to poke around the internet and not find do-it-yourself (“DIY”) Wills and Trusts services. Legal Zoom, TrustandWill.com, and even media personalities Dave Ramsey and Suze Orman offer cheap DIY documents. Heck, you can even create your own Will or Trust for free by downloading a few forms. What these websites won’t do, however, is explain the potential consequences that can happen if you use one of their services. READ MORE

As a parent, you are responsible for the care of your minor child. In most circumstances, this means getting them up for school, making sure they are fed, and providing for other basic needs. However, what would happen if you and your child’s other parent were unable to care for them?

It is important to note that if something were to happen to you, your child’s other parent is most likely going to have full authority and custody of your child, unless there is some other reason why they would not have this authority. So in most cases, estate planning is going to help develop a plan for protecting your child in the event that neither parent is able to care for them. READ MORE

Sitting down to create or update your estate plan can be overwhelming. Crucial to a successful plan is your ability to address two major questions: Who will get your stuff when you die, and how do you want those individuals or charities to receive that stuff?

One way you can give away your money and property at your death is to give it outright. In other words, once you have passed away and the administration process has been completed, your beneficiary will receive their inheritance (e.g., a bank or investment account, real property, etc.) outright with no strings attached. The inheritance immediately becomes theirs to do with as they please. This provides your beneficiary with the maximum amount of freedom and flexibility. READ MORE

Anyone who’s seen an episode of “Modern Family” knows that families these days come in many different shapes and sizes. Long gone are the days when a “family” was defined as a mother, father and two children (or was it 2.5 children? Where does the .5 come from anyway?). In this article, we’ll focus on one of the types of families that’s common in our modern culture: the blended family.

A “blended family” comes into being when parents divorce, and at least one remarries. While everyone may get along effortlessly while the parent is alive, that too-often doesn’t happen once the parent dies. Why? Because the law still hasn’t caught up to our modern definition of “family.” The law often favors the spouse, which works well when the spouse and the deceased have children together. But when the deceased parent has children from another marriage, the children can – indeed, often are – cut out of their inheritance.  READ MORE

When creating a last will and testament (commonly known as a will), one of your most important considerations is who to choose to serve as the executor (also called a personal representative) of your estate. 

As the name implies, the role of the executor is to execute the instructions that you provide in your will. You may give your chosen executor some discretionary powers in determining how your assets (money and property) are to be distributed, but they have limited latitude to make independent decisions. Any deviation from their specified powers could cause a conflict in your estate that leads to legal consequences. READ MORE

After the excitement of Valentine’s Day fades away and the last indulgence of chocolate is savored, it’s crucial to turn our attention to a topic that may not be as thrilling as the idea of everlasting love: the reality that all relationships come to an end one day. Before you stop reading, hear me out.

Whether it’s a breakup, divorce, or the death of a loved one after a lifetime together, every relationship eventually will come to an end. The most important thing is how you have planned for that ending, or whether you haven’t at all, as your planning (or lack of it) will have a real impact on you, your partner, your children, and your assets.  READ MORE

While television and movies provide great entertainment, they are not always factual. Even shows based on real events are not entirely accurate. Creators of television programs and movies will often alter details of a story or situation to provide an enjoyable experience. Because of these widespread embellishments, people often develop misconceptions about many industries and professions, including attorneys and estate planning.

People think that it is easy to write or change a will. Some movies or television shows imply that all you have to do is write something down and put it into an envelope for safekeeping. READ MORE

Today, we’re diving into a topic that is absolutely crucial: estate planning for your parents. As they gracefully navigate their golden years, ensuring their peace of mind (and yours!) becomes a top priority. Whether they raised you the way you want, or showed you how you want to do it differently, as your parents’ age, one of the very best things you can do for your own best future, and that of your entire future lineage – your children, grandchildren, and beyond – is to take great care of the people you were born to or raised by.

The questions you need to start asking now are: How will you help them if they become ill or injured? Who will take care of their bills and make sure their health needs are met? How do they want to be cared for, if and when they cannot care for themselves? READ MORE

Family members with special needs may require assistance throughout their lives. If you want to ensure that a loved one with a disability is taken care of after you are gone, you can help manage resources for them by using a third-party special needs trust (SNT).

Also known as a supplemental needs trust, a third-party SNT is funded with assets (money and property) that do not belong to the special needs beneficiary but are meant to be used for their benefit. Third-party SNTs allow the beneficiary to receive some benefit from the trust while preserving the beneficiary’s eligibility for means-tested public assistance programs such as Medicaid and Supplemental Security Income (SSI). When the beneficiary passes away, whatever funds remain in the third-party SNT can pass to other family members. READ MORE

Don’t underestimate the power of spreading love through financial generosity. Did you know you can gift up to $18,000 per person to an unlimited number of people each year? This allows you to share your wealth with family and friends in a tax-efficient manner. These gifts not only escape taxation but also foster stronger connections and deepen relationships with your loved ones.

Whether it’s helping with educational expenses, supporting a dream vacation, or simply offering a helping hand, annual exclusion gifts embody the spirit of giving and strengthen the bonds that matter most. With the sunset of the estate tax exemption set to occur in 2025, now is the time to make gifts if you have a taxable estate. Contact us to discuss options as there are far better ways to gift than outright. READ MORE

When people think about estate planning, they usually focus on who will receive their money and property when they pass away and how it will be received. However, estate planning can also address your end-of-life wishes – the considerations and expenses involved when it is time to say goodbye to your loved ones. The following are important questions to ask yourself, as the answers are a critical part of creating a comprehensive estate plan.

Addressing your final wishes for your body may be uncomfortable, but planning ahead can save your loved ones time and give them peace of mind, knowing that they are carrying out your wishes. There are many common options available. READ MORE

Ah, February – the month of love, where hearts flutter and chocolates abound (single people, stay with me here). But amidst the romantic whirlwind, there’s a different kind of love that deserves our attention: the love we show ourselves and our family through thoughtful financial planning. 

Now I know what you’re thinking – that doesn’t sound as fun or showy as a fancy night,  a bouquet of flowers, or even a night in with Netflix. But trust me, making smart planning decisions with your assets is one of the best gifts you can give – and a gift that keeps giving over time. READ MORE

When developing your estate plan, it is nearly impossible to address every account or property you own. There are sure to be some things you unintentionally overlook. However, by including a residuary clause, you can intentionallydisburse any remaining items inadvertently left over during the estate or trust administration process to a named beneficiary or group of beneficiaries. 

During the estate planning process, you may decide that you want to leave certain items to specific individuals. But what happens in the following situations? READ MORE

Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may have the right to take over the mortgage and keep the home, or they may choose to sell it and keep the proceeds. A few different scenarios can unfold, however, depending on the mortgage terms and the estate plan instructions. 

Ultimately, planning for the transfer of real estate upon your death can make the process much easier for your loved ones.  READ MORE

Managing your finances while dealing with the weight of student loan debt can be daunting. You have to decide whether to focus on repaying your loans or investing in your future through a workplace retirement plan. It’s a difficult choice, especially since prioritizing loan payments may mean forgoing the chance to increase your savings with employer retirement matches.

Good news! The SECURE 2.0 Act is here to help. Now, your student loan payments can count towards employer retirement matching contributions. It’s a win-win – you can address your debt and grow your savings at the same time. READ MORE

Creating or revising an estate plan can feel overwhelming, causing many people to procrastinate. But the longer you put it off, the more potential there is to be caught unprepared in an emergency. So how can you motivate yourself and your loved ones to begin the process? Here are some strategies to help you overcome some of the negative feelings associated with this process and meet the challenge head on.

While the benefits associated with updating or creating a new estate plan are a reward in and of themselves, we can all use an extra push. Sometimes the promise of a small indulgence as a reward can change your frame of mind when initiating the process. READ MORE

Love is the powerful force that connects us all, and there are various ways to show our love to those who matter most. While flowers, gifts, and notes come to mind, another meaningful way to express love is by planning for the future.

While estate planning may seem like a realm of financial jargon and legalities, it is, at its core, a tangible expression of your care for those closest to you. (And that’s why I refer to estate planning as Life & Legacy Planning.) READ MORE

You have several different options when it comes to creating the right estate plan. Some people believe that a revocable living trust is the best way to go, while others think that a last will and testament (commonly known as a will) is best under certain circumstances. Others may find that a combination of both – through the use of a testamentary trust – provides the right amount of control and protection for themselves and their loved ones.

A testamentary trust will own accounts and property owned by you in your sole name without beneficiary designations, upon your death and enables you to instruct how your money and property will be handled in advance. Unlike a revocable living trust, the testamentary trust is created at your death, and ownership of your accounts and property are transferred to the trust through the probate process.  READ MORE

If you’ve given any thought about estate planning, you probably associate it with preparing for death. But did you know that there are critical reasons (and significant benefits) for planning while you’re still well and alive? That’s why I refer to my services as Life & Legacy Planning. When done right, planning for your assets and your death is something that should start right now through honest, open conversations with your family.

It starts by talking with your parents, siblings, and children about what you want the future of your family to look like, how you’d like assets managed, and what type of care each family member would want in the event of a debilitating or terminal illness. READ MORE

Many married couples share almost everything, including finances. This may be reflected in their estate plan by using one joint living trust instead of two separate trusts. Separate trusts can provide greater flexibility, but a joint trust can be structured so that when one spouse passes away, the trust is split into two subtrusts: a survivor’s trust and a decedent’s trust. 

This arrangement provides the surviving spouse with the same versatility that separate trusts offer. The surviving spouse has full control over their survivor’s trust, but may have limited control over the deceased spouse’s accounts and property that make up the decedent’s trust.  READ MORE

Mark your calendars: January 28 is International LEGO day, which celebrates the date when the patent for the globally famous plastic brick system was filed. 

Since the 1940s, people have been creating their own worlds, brick by brick, with LEGOs. With an estate plan, you can help your loved ones build a great future. Make your estate plan as specific as you want by providing step-by-step instructions for how you want them to honor your legacy. Or give them the resources to bring their vision to life, no strings attached. READ MORE

Interested in supporting your grandchild’s future college education? The recent implementation of the FAFSA Simplification Act allows grandparents to enhance their contributions towards financing their grandchild’s education. This change became effective last month, offering increased opportunities for support.

Previously, any additions or withdrawals from a grandparent’s 529 college savings plan had to be reported on the FAFSA, potentially affecting the student’s eligibility for federal financial aid. Fortunately, the recent changes have ushered in a positive shift. READ MORE

Your family member went through a meticulous estate planning process to organize and distribute money and property for the benefit of their loved ones, including you. But you may suspect that some of the high-value items in their estate originated as stolen property. The possibility of discovering stolen items within an estate is often overlooked, but it can have legal, financial, and emotional complications. How does it happen?

A New York Times article published in 2023 reported that the New York Metropolitan Museum is carefully combing through its art collections after the government seized dozens of art pieces that were suspected of having been stolen or looted in the past. It is widely known that art collections have mysteriously disappeared over the centuries, especially during wartime, and that ownership should be researched to avoid purchasing an item that belongs to someone else. READ MORE

Trust protectors are commonly used in the United States. Essentially, a trust protector is someone who serves as an appointed authority over a trust that will be in effect for a long period of time. Trust protectors ensure that trustees maintain the integrity of the trust, make solid distribution and investment decisions, and adapt the trust to changes in law and circumstance.  

Whenever changes occur, as they are bound to do, the trust protector has the power to modify the trust to carry out the trustmaker’s intent. Significantly, the trust protector has the power to act without going to court – a key benefit that saves time and money and honors family privacy.  READ MORE

Finding the right lawyer for legal issues, especially during a crisis, or even when things are calm, can be really confusing. You aim to find a lawyer you connect with, who gets your family’s needs. But you’ve got to think about the lawyer’s fees too and if they can handle your immediate problems and support you in the future.

Different legal needs – be it a tough court battle, a one-time transaction, or ongoing support – can be confusing to navigate. You might have thought about legal insurance or prepaid programs, but while they sound good, they often fall short. READ MORE

Despite their name suggesting otherwise, irrevocable trusts can indeed be modified. Changes in laws, family circumstances, trustees, or financial situations can often conflict with the original intent of the trust. In cases of identified errors or evolving situations, it’s prudent to consider alterations to an irrevocable trust to ensure alignment with the trustmaker’s intentions.

Here are three examples of when an irrevocable trust can, and should, be modified or terminated: READ MORE

As dementia advances, it’s crucial to take a more proactive and strategic approach to estate planning to prevent potential court disputes over your loved one’s wishes later on. If planning isn’t finalized before dementia progresses significantly, a judge – unfamiliar with your loved one and their preferences – may need to decide who handles their assets and care.

Keep reading to learn what steps need to be considered when estate planning for someone with more advanced dementia. READ MORE

While many wines get better with age, the same cannot be said for some irrevocable trusts.  Maybe you are the beneficiary of a trust created by your great-grandfather over 70 years ago, and that trust no longer makes sense. Or maybe you created an irrevocable trust over 20 years ago, and it no longer makes sense for your current situation. Wine connoisseurs may wonder if there is any way to fix an irrevocable trust that has turned from a fine wine into vinegar.

You may be surprised to learn that under certain circumstances, the answer is yes – by decanting the old, broken trust into a brand new one. READ MORE

Taking care of someone with dementia is tough for many families every year. If you’re looking after them, it’s really important to know how dementia changes their ability to make legal decisions. This helps make sure their wishes are respected and that you’re giving them the best care possible.

In this blog, we’ll explore the importance of estate planning, even after a dementia diagnosis, as the best method to ensure the wishes and rights of your loved one are protected. READ MORE

When you decide to create a comprehensive estate plan, there are many things to consider. One is whether to tell your loved ones about your plan and how much information to share with them. Estate planning can be a complex and sensitive matter, so your choice may depend on your unique relationships with loved ones and your family dynamics. 

Sharing your estate plan with your loved ones can compromise the privacy of your financial and personal information. Some people therefore prefer to keep these matters private, especially when it comes to distributions of significant amounts of money or property. There are both advantages and disadvantages to revealing private information related to your estate plan. You can choose to communicate details relevant to specific individuals or offer a broader explanation to everyone involved. READ MORE

Losing someone dear is tough, and the path through grief can feel really tough to navigate. It’s something we all go through, and learning how to handle your own grief and be there for others matters a lot – it can make your life and connections better.

In our role as your attorney, we know it’s about more than just legal stuff. When people are hurting, offering them comfort is key, and when they’re ready, guiding them forward matters too. READ MORE

A trustee is a person or entity responsible for managing and administering your trust according to your instructions and in accordance with state law. They are considered a fiduciary (meaning they are held to a higher standard of care and owe certain duties to the beneficiaries).

As a fiduciary, a trustee must protect the trust’s investments and act in the best interests of the beneficiaries. They must prepare and maintain trust accounting records and prepare tax-related forms, providing this information to the beneficiaries at their request. At some point, they may need or be required to liquidate or sell the trust’s accounts and property.  READ MORE

In December 2022, the SECURE 2.0 Act was enacted by Congress, ushering in notable modifications to retirement savings and student loans. Two pivotal provisions of this legislation are scheduled to be enforced in 2024, potentially exerting a considerable influence on your family’s financial outlook.

This blog elucidates the implications of the new law on your unused 529 college savings account and delves into its ramifications for your future savings. READ MORE

Michael Oher has had a remarkable life so far. Born to a single mother struggling with addiction and growing up in and out of foster care, Oher went on to star as a University of Mississippi football player and was selected in the first round of the 2009 NFL draft. He played eight seasons in the NFL, won a Super Bowl in 2016, and is the subject of a book that inspired an Oscar-winning movie, The Blind Side. 

Sean and Leigh Anne Tuohy, the Tennessee couple that took Oher into their home when he was in high school and were appointed as conservators of his estate, are featured prominently in The Blind Side. But Oher has recently alleged that, contrary to the movie’s portrayal of events, the Tuohys never actually adopted him. Oher alleges that the Tuohy’s instead tricked him into agreeing to the conservatorship and unjustly profited from his trust in them. READ MORE

Jimmy Buffett died on September 1, 2023, at age 76 after a diagnosis of Merkel cell carcinoma (skin cancer) four years earlier. He was a renowned singer-songwriter, film producer, businessman, novelist, and philanthropist.

Buffett released his first album, Down to Earth, in 1970. By 2023, his net worth was officially $1 billion, including a $180 million stake in his company, Margaritaville Holdings LLC, which opened in 1985 and now brings in $1 to $2 billion annually.  READ MORE

Lifetime gifts are commonly utilized to minimize estate and inheritance taxes, particularly given the current federal estate tax threshold of $12.92 million. In addition to federal regulations, twelve states and the District of Columbia impose their own estate or inheritance taxes.

Individuals seeking to reduce their taxable estate often consider gifting assets to friends and family. However, a recent case from the United States Court of Appeals for the Third Circuit underscores the importance of carefully timing and structuring such gifts. In this case, the failure to finalize gifts in the form of checks before the donor’s death resulted in a significant financial loss for the estate and its heirs READ MORE

The holiday season is approaching, offering a unique opportunity for family gatherings. If you’ve been contemplating discussions about financial matters, inheritance, end-of-life decisions, estate planning, and family wealth, having everyone together presents an ideal scenario. However, broaching these sensitive topics during festive occasions may not be appropriate.

1. Share Your Intention Ahead of Time: Initiate discussions about financial matters well in advance. If you have regular interactions with your family, casually mention your thoughts about creating a plan for your finances and family care. Planting the seed early on can make the idea more palatable. As the family gathering approaches, revisit the topic with more intention, seeking input on the best time for a dedicated conversation. Address any concerns the host may have, ensuring everyone is prepared for a meaningful discussion. READ MORE

With the increased coverage of artificial intelligence (AI) and all of the applications it can have in our everyday lives, some people may wonder whether an AI program can create an estate plan for them. While AI may be able to generate basic estate planning documents, including wills and trusts, there is no guarantee that they will be valid and enforceable.

Providing accurate information and executing the documents in compliance with your state’s laws is critical. Otherwise, your documents will not work as intended. Most people do not have the legal knowledge necessary to determine what clauses and language should be included in a will or trust to accomplish estate planning goals. They also are not familiar with state laws or how to comply with them. This is why people rely on experienced attorneys to prepare the necessary documents to carry out their wishes. READ MORE

Soon after the challenges of puberty and the excitement of high school, an even larger milestone looms: the 18th birthday. It marks your child’s transition from childhood to adulthood, and with it new responsibilities and rights. From a legal standpoint, this milestone also brings significant changes that every parent should be aware of. 

In the eyes of the law, an individual is considered a legal adult at the age of 18. This means that your child gains certain rights and privileges, including the ability to enter into contracts, vote, buy property, and make medical decisions for themselves. While this newfound independence is a crucial part of growing up, it can also pose challenges for parents, especially when adult children need their parents’ help or need someone to make decisions on their behalf. READ MORE

When planning for the future, it’s common to consider who will inherit financial accounts, properties, and other valuable assets. Yet, it’s equally important to recognize the worth of personal belongings. These items, often overlooked, hold their own significance. To ensure a comprehensive estate plan, take a moment to ponder these questions about your personal property. This step can greatly contribute to a well-rounded approach in securing your legacy.

Value is subjective and varies from person to person. For example, an antique clock may hold significant monetary worth, whereas your grandmother’s class ring may carry sentimental value. It’s important to recognize that different types of value require distinct strategies when considering how they will be passed on or distributed in your estate plan. READ MORE

The United States has the highest number of immigrants globally, but more and more Americans are considering relocating to another country permanently. Many wealthy Americans are also interested in buying property overseas and spending at least part of their time there.

However, moving abroad has practical implications, such as taxation and estate planning. Even when living outside the U.S., Americans still have financial obligations to the U.S. government. They should also have someone legally authorized to make financial decisions on their behalf. READ MORE

In today’s digital age, information is readily available online. However, there remain misconceptions about estate planning. Many of us don’t invest time in understanding it, possibly because we underestimate its necessity and the advantages it offers. There are common misunderstandings about estate planning: assuming a will bypasses probate, thinking that marriage ensures automatic inheritance, and believing that minimal assets mean no need for an estate plan.

Being educated about estate planning is crucial to avoiding potential complications in terms of time, money, and emotional distress. Take a moment to grasp the significance of an updated estate plan – it not only addresses post-mortem matters but also provides protection in the event of incapacitation for both you and your loved ones. READ MORE

You can make your estate plan whenever you’d like, but many opt to start earlier. Why? Because unexpected health or financial crises might arise, necessitating someone to handle your affairs while you’re alive. When Should You Start?  The right time to begin estate planning depends on your aims and the extent of your assets. If READ MORE

Are you surprised to see a Trust on our list before a Will? Here’s why a Trust is next on your to-do list. If you are newly married, there’s a strong likelihood that you are relatively young in your life and your career, which means there will be many changes in your assets, family, and wishes as the years go by.

Or, you might be re-marrying or getting married later in life and already have a well-established home, financial portfolio, and family that you are now combining with your partner’s life.  READ MORE

Co-buying a home with a partner, relative, or friend can reduce the costs of the down payment, mortgage payments, utilities, and other household expenses for each buyer, while allowing them to build home equity. Some co-buyers may not even want to live in the home. Their goal may be to rent it out or flip it for a profit. 

Home co-ownership can present problems as well. If one buyer has a bad credit score, it can negatively affect another buyer’s mortgage terms. And if one party cannot meet their financial obligations, the other party could be on the hook for the budget shortfall.  READ MORE

Wedding season is winding down, and if you are a newlywed or are planning to tie the knot soon, it’s time to make your first legal move as a married couple – creating an estate plan. With all the joy and happiness a new marriage brings, planning for your potential incapacity and future death may feel out of place, but creating your estate plan as part of your post-nuptial to-do list is the greatest gift you can give your new spouse.

A lot changes once your marriage is official, but how you and your spouse want your finances to be managed or how you would want medical decisions to be made for each other are not automatically documented when you say “I do.”   READ MORE

Unfortunately, rifts sometimes arise between family members that are much more serious than just temporary squabbles. The result may be estrangement, defined as “the state of being alienated or separated in feeling or affection; a state of hostility or unfriendliness” or “the state of being separated or removed.” Estrangement does not mean that the relationship has come to an end legally, however.  

A husband may move out of the home he shared with his wife and have limited or no contact with her or their children. A child who has been abused may live with a relative and avoid contact with their parent. A parent may choose not to associate with a child who has committed crimes or abused their trust. These types of situations are unfortunate and occur more often than we would like. READ MORE