Estate Planning

Deceased Famous Persons Who Had No Will When They Died

Wednesday, June 15th, 2022

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

Managing Your Digital Estate Planning

Sunday, May 15th, 2022

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

When Should an Estate Planning Attorney Be Involved

Friday, April 15th, 2022

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

Minimizing Your Costs For Estate Planning

Tuesday, March 15th, 2022

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

How Much Are Estates Taxed

Tuesday, February 1st, 2022

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

7 Things Your Will Needs To Have

Thursday, December 23rd, 2021

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

How To Reduce Estate Tax Using Irrevocable Life Insurance Trust

Monday, November 15th, 2021

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

Things You Need to Know About Writing a Will

Friday, October 15th, 2021

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

What to Consider When Selecting a Power of Attorney

Monday, August 30th, 2021

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

What to Do If Your Executor Stops Doing their Job

Tuesday, July 27th, 2021

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