Imagine spending thousands of dollars on an estate plan to protect loved ones, only to find that no true protection exists. Unfortunately, this scenario happens on a regular basis to individuals who are victims of estate planning schemes. According to…
Many people own property in more than one state—perhaps a vacation home in Florida, a rental property in a former home state, or even a car titled in another state. It is important to think about how that property will…
Nothing lasts forever. While trusts can stretch across generations and keep valuable money and property within a family, no trust has unlimited funds or an interminable time horizon. Every trust, at some point, will end. The reasons why a trust…
Receiving a diagnosis of Alzheimer’s disease or another progressive form of dementia is always devastating for everyone involved. It is never easy to wrap your head around the changes that will gradually make life more challenging for you and your…
You finally bought that vacation home you’ve always wanted. How can you add it to your estate plan? When it comes to planning your estate, a vacation home is very different from your primary home. Here are some things you…
Owning a business can be an all-encompassing task. When you are focused on the day-to-day management and administration of your business, it can be hard to think long-term about a succession plan. However, planning for the future of your business…
When a medical professional recommends hospice care for you or a loved one, it can be an overwhelming moment. Suddenly, the fact that the end of life is near becomes much more of a reality than it has ever been.…
The death of an iconic figure can sometimes impact us deeply because it reminds us of our shared humanity. With a celebrity’s passing, we realize that death is an equalizer. It also reminds us of the importance of estate planning…
Losing someone you love is one of the most emotionally challenging experiences a person can have. Even if the person was older, such as an elderly parent or grandparent, the event can still come as a shock. Even so, there…
Marital planning in the joint trust context can be complex. This article examines the tax and non-tax implications of four main marital options upon the death of the first spouse. The options we will explore are: (1) leaving all property…