People often are not aware that estate plans need to be reviewed and updated on occasion. Putting an estate plan is an important thing to do, but it is not a set it and forget it kind of thing. As your life changes, circumstances change, and laws change, so should you consider updating...
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Category: Estate Planning
Beware the Pitfalls of DIY Estate Planning
Have you been tempted by ads proclaiming the ease and low expense of DIY estate planning? There seem to be more and more websites popping up where you can purchase estate planning documents to fill out yourself. Maybe this has appealed to you because estate planning has been on your to-do list forever...
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Where Should You Keep Your Estate Planning Documents?
So, you have taken the important step of putting an estate plan in place. Congratulations! You have put solid protections in place for your future and that of your family. Now, the question becomes, where should you store these important documents? A seemingly easy question, where you store your estate planning documents can...
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How Trusts Can Be Useful in an Estate Plan
Oftentimes, people most strongly associated estate plans with the creation of a will. While a will often plays a central role in an estate plan, there are a variety of other legal tools that can play prominent roles. Trusts, for instance, can be very useful in an estate plan. With a trust, you transfer...
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Incapacity Planning
Have you considered everything that can and should be addressed by an estate plan? It is much more than having a Last Will and Testament and providing for the proper distribution of your assets upon your death, although this is an important part of it. A strong estate plan is more comprehensive. It...
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Estate Planning for Singles
Q: How is estate planning different for single people?
Very often, estate planning and retirement planning go hand-in-hand. Before your estate planning attorney can customize an estate plan for you, you’ll need to provide a clear picture of your finances – – including assets and liabilities. You also need to know how your property...
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How Can I Disinherit My Adult Child?
Family estrangement is not nearly as rare as you may think. Throughout the centuries, history, literature, and mythology have been dappled with ungrateful or malicious children who become estranged from their parents. Though most people don’t discuss major tears in their own family fabric, Scientific American reports that a recent study of young adults...
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Remarriage and Your Estate Plan
Q: How can a second marriage impact an estate plan?
Unfortunately, first marriages don’t always last forever. Whether they end in divorce or death, a second (or third) trip down the aisle is very common.
Before taking the plunge again, many see a divorce attorney for a prenuptial agreement to protect their financial future and that...
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Estate Planning in Election Years
Q: How can a presidential election impact your estate plan?
To say that politics is a hot topic during these unprecedented times would be an understatement. Regardless of what candidate you supported, presidential election years are good times to review your estate plan--or to make one if you haven’t yet done so.
New York and...
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Common Estate Planning Errors
Many people are unaware of the complexity of the estate planning process. Even if you do not have substantial assets, it is probable that, without the assistance of an experienced estate planning attorney, you may make one or more serious mistakes as you plan for your future and the future of those you...
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