Estate Planning

When a death occurs without a will established, any assets that were owned by you will become intestate. The probate court will then decide the heirs, which can become a long process. When no will exists it also does not guarantee any specific estate beneficiary. Plus, with no will, the inheriting family may end up...  read more

With so much happening online today, it only makes sense that managing your digital estate should be included while estate planning. The bad part is that we do not have any idea of what transpires about the assets we have digitally once we cease to exist. This is why we need to be planning for...  read more

There are many advantages when you have an attorney who specializes in estate planning. However, having one may not always be mandatory. Regardless, there are many situations where the need for an estate planning attorney would be beneficial so that their estate remains inclusive and its purpose is met. Below are a few circumstances when...  read more

Many times in life, when we forget the small details in an estate plan, it can cause huge losses for others. These losses can then turn into last-minute stress as changes and fixes need to be completed. Plus, if changes or corrections don´t happen, then your family may be out of more money than they...  read more

When it comes to estate tax, it is good to mention that an estate tax almost no longer exists in the US. This is due to the fact that the amount of the estate will need to be a certain amount before it will be required to pay any tax. In 2021, the amount that...  read more

As a testament, the will is a legal document stating a person´s final wishes following their death. With that, it is considered to be a major part of the individual´s estate. Although the will can be created by the individual, it can also be produced with the help of an attorney specializing in estate planning....  read more

What is irrevocable life insurance trust (ILIT)? ILIT is a tool in estate planning that protects your life insurance benefits from being subject to estate tax. Usually, the life proceeds of your life insurance policy are included as part of your gross estate. But with an ILIT that is adequately drafted, these proceeds can be...  read more

We all know the importance of a will. This applies primarily to senior citizens, but we should all have a choice written in advance as life is unpredictable. You may not be familiar with this, but most of a person’s typical household assets, like retirement accounts, qualify to be transferred outside of a will unless...  read more

Power of Attorney is a legal document that essentially states that the person you name (also often referred to as a Power of Attorney but legally often called the Principal or Attorney-in-Fact) has your full authority to make decisions on your behalf. The Principal can sign contracts, sell your possessions, make financial transactions, and even...  read more

Losing a loved one can be very hard, but the situation can be made even worse if their estate doesn’t pass through probate quickly and easily. Many people find that they can’t really get a sense of closure until probate is over. However, if the estate’s executor doesn’t seem to be doing their job, probate...  read more