UNCONDITIONAL LOVE DOESN’T HAVE TO MEAN UNCONDITIONAL INHERITANCE
Most parents love their children unconditionally and want to do whatever they can to smooth life’s rough road for them. But that unconditional love doesn’t necessarily mean that unconditional trust exists when it comes to leaving children with a hefty inheritance. A recent Forbes article looked at smart ways that parents can pass the love […]
WHEN IT COMES TO INHERITANCE, TREATING CHILDREN EQUALLY NOT ALWAYS THE BEST PLAN
While most parents have the inclination to treat all their children equally when it comes to an inheritance, Personal Family Lawyers know that this is not always the wise choice. Here are some scenarios when an unequal distribution may be better: CHILDREN OF UNEQUAL WEALTH If you have one child that is a successful entrepreneur […]
WHAT TO DO WHEN YOU INHERIT A RETIREMENT ACCOUNT
As a Personal Family Lawyer, I am often asked to help people who inherit a retirement account. The action you need to take with an inherited IRA depends upon your unique situation; the IRS has rules for each and recently announced that they will be cracking down on taxpayers who make mistakes with inherited IRAs. […]
3 Essential Questions To Ask Before Creating Your Will Online
If you are looking to create your last will and testament, or will, online, you’ll find dozens of websites that let you prepare a variety of estate planning documents for very little money, and even for free. With so many do-it- yourself online document services out there, you might believe you can create your will […]
From ‘I Do’ to ‘What If’: Estate Planning Must-Do’s for Newlyweds – Part 1
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 […]
How to Talk Money With Your Family Over The Holidays
The holidays are right around the corner, which means more time to gather with family and relatives than any other time of the year. If you’ve been meaning to talk to your family about money, inheritance, end-of-life decisions, estate planning, and creating a plan for your whole family’s wealth – now and in the future […]
Flu Season Fundamentals: How to Keep Seniors Safe This Fall
The fall season is a beautiful time of year, but it also marks the beginning of flu season, which can pose a serious threat to your elderly loved ones. Fortunately, there are several steps you can take to ensure their well-being during the colder days ahead, including making sure you’re able to step in and […]
You Leave Your Kids With Non-Related Caregivers
If you ever leave your minor kids with a caregiver who isn’t a grandparent, aunt, or other family member that the authorities would naturally leave your kids with if something happens to you, this is what could happen. Your kids are home with the babysitter. You don’t make it home, and the authorities are called. […]
Can You Rely on Legal Insurance for Your Estate Plan?
As the need for affordable legal services becomes even more important in today’s world, it’s common to opt for group legal insurance offered through your workplace benefits. These group insurance plans provide free legal assistance for a variety of needs from law firms that have contracted with the insurance company to provide the legal work. […]
Awakened Planning: How to Talk About Estate Planning at Your Family Reunion
You might think that estate planning is too somber a topic for a happy family reunion, but it can actually be an opportunity to bring you closer to your loved ones by giving everyone time to speak openly about their wishes for the family and can help everyone feel unified by working together toward the […]