Blog

Estate Planning With Few Assets

Posted on September 20, 2017
People who do not have very many assets, still need to get estate plans.  However, the best plans for them may not be the same as the best plans for wealthier people. Much of the estate planning advice you can find online is written with the idea that the person receiving the advice has some wealth built up. It is estate planning for people who are rich or those who will become rich. However, most

Estate Planning Mistakes

Posted on September 19, 2017
Some of the biggest estate planning mistakes that people make are not technically estate planning, but they can have a big effect on an estate. When people are planning for their estates, they want to make sure they do not make any mistakes. It is important that the plans can be carried so assets are distributed in the way they wanted and so taxes, court costs and attorneys’ fees do not eat up a large
Many people get trusts as their primary estate planning instrument because of the estate tax, but trusts do have many other benefits. With Congress taking up tax reform soon, one thing that many people are following is President Trump’s desire to eliminate the estate tax. It is important for many people because the estate tax can take a sizeable portion out of an estate.  Many people have designed their estate plans around not having to

Estate Planning Is Important

Posted on August 31, 2017
Y ou cannot merely tell your family what should be done with your assets after you pass away. You need to go through the process of getting a formal estate plan drawn up. Many people are under the impression they do not need to get a formal estate plan, because they can rely on their family to divide up their assets after they pass away without any problems. They think if they just give family members

What Is Fair in Blended Families?

Posted on August 30, 2017
How to fairly divide an estate between multiple children, can be a difficult question to answer. It can get even more difficult, when the family is not a traditional one. When people get remarried and they have children from a previous relationship, then their estate planning can get pretty complicated. Consider for example, a man who has two homes and two daughters from a previous relationship getting remarried. This man decides to create a trust

Practice Areas