Estate Administration

Estate Planning 101: The Basics

Posted on: January 26th, 2018
In preparation for the upcoming tax season, you may have already begun gathering some paperwork, like you property tax bill, year end mortgage statement, or final pay stubs.. Although filing your income taxes is different than putting your affairs in order, you’re already in paperwork “mode”, so now is the perfect time to reassess your legal and financial situation to create a new plan or update an existing one that no longer suits your circumstances....

Four Reasons Why Estate Planning Isn’t Just for the Top 1 Percent

Posted on: January 12th, 2018
There is a common misconception that estate plans are only for the ultra-rich - the top 1 percent, 10%, 20%, or some other arbitrary determination of “enough” money. In reality, nothing could be further from the truth. People at all income and wealth levels can benefit from a comprehensive estate plan. Sadly, many have not sat down to put their legal house in order....

What to Expect from Estate Planning in 2018

Posted on: January 11th, 2018
As we all look ahead to 2018, let’s consider a few things to watch regarding estate planning, so you and your family can be completely protected....

How Do I Protect Rental Property That I Own?

Posted on: November 15th, 2017
How Proactive, Comprehensive Estate Planning Can Help A comprehensive estate plan should address all of your assets. For most people, an estate plan must include three common categories: (1) your home; (2) financial accounts, like your checking and savings account; and (3) personal property. Other types of assets - such as life insurance, retirement funds, and annuities - should also be considered as part of your estate plan. If you own rental property, however, your estate plan will be more complicated because there are some unique considerations....

Can I Bequeath My Frequent Flyer Miles?

Posted on: November 8th, 2017
If you’re a frequent airline traveler, one of your estate planning concerns may be what will happen to your accumulated miles once you’re gone. They could be worth thousands of dollars, so you probably don’t want them to just disappear, but some airline policies say that’s exactly what will happen....

Why a Trust is the best option for avoiding probate

Posted on: July 20th, 2017
There are many “tools of the trade” that a qualified attorney can use to keep your assets out of probate - for example, establishing joint ownership on bank accounts and real estate titles, designating beneficiaries for life insurance policies and certain accounts, and so on. However, setting up a revocable living trust is quite often the best, most comprehensive option for avoiding probate. Let’s discuss why this is true....
Posts: 1 2 All