When your divorce is finalized, it is important to update your estate plan so that your will, healthcare power of attorney, financial power of attorney and trust documents accurately reflect your new marital status. While some states and courts will use their discretion in invalidating references to ex-spouses listed in estate planning documents, the majority […]
Why You Need to Update Your Estate Plan After Divorce Read More »
Estate planning lawyers and financial advisors work closely for their high-net-worth client facing financial challenges that did not exist 20 years ago. So who will help them handle their fiscal future? Defining Wealth Management Wealth management is a complex, professional service entailing a mix of financial and investment advice. It also includes accounting, estate planning, retirement,
Divorce in itself can be a tumultuous time, so it’s understandable that for many newly divorced people, revising their estate plan can be overlooked. However, it’s absolutely critical that you do so, for multiple reasons. Your ex-spouse may be able to inherit assets Your ex-spouse is most likely your main beneficiary on legal documents. This
Have you ever received a check in the mail with the notation “paid in full” or “payment in full?” Sometimes, if a check is not written “paid in full,” the business or person paying might send a letter with the check stating that the payment is for the full amount of the account or debt.
A living trust, also referred to as a revocable trust, places your assets into a trust throughout your lifetime and then transferred to your heirs upon your death. It is a legal document just like a will, but it has several differences. The Pros Living trusts offer several benefits, so many estate owners are choosing
Getting married means starting your lives together as a partnership; and that partnership often comes with a lot of joint ventures, whether that be property, assets, or even raising your children together. So, whether you have a will already or not, you’ll want to write/re-write one with your partnership in mind. Here are a couple
Just Married? Here’s Why You Need To Write A Will Read More »
Unfortunately, the death of a loved one sometimes comes as a shock. Many people are unprepared for such a change in their life. Even with a Will in place, the probate process and the responsibility of those who distribute the belongings can be chaotic and cause discourse within the family. This process can become more
Duties of an Executor or Administrator of a Will Read More »
I have a husband, three kids, and two pets. I love all of them and I want to do everything I can to keep them healthy and safe. I buy organic food. We drink filtered water. We wear sunscreen. We avoid BPA, the chemical used to make certain plastic products. When purchasing personal care products,
What keeps you up at night? Security in Estate Planning Read More »
While the term inheritance tax and estate tax are often used in an interchangeable manner when referring to the collected tax after someone dies, these terms have very different meaning. Therefore, let’s look at the differences between inheritance tax and estate tax. Estate Tax An estate tax is a type of taxation on a deceased’s
What Should I Know About Estate and Inheritance Taxes? Read More »
America is aging, and as we get older, more and more of us have health problems that require long term care. Usually when we think of healthcare, we think of acute care meant to cure or treat a specific illness or ailment, like taking medicine, performing surgery, or receiving treatments over time. By contrast, long