Estate Planning

If you’re making an estate plan and never review it, there’s no telling how accurate it’s going to be. You may believe that writing a will means your family has the guidance they need when you pass away, but it’s not necessarily helpful if all the documentation is...

Vacation homes are places where siblings grew up sharing memories and bonding during the holidays. However, when parents pass away and the home becomes part of their parents’ estate, it can quickly turn from a cherished family retreat into a source of tension. Without...

A guardianship is a legal relationship where one person has the right to make decisions on another person‘s behalf. It can be an important thing to consider when making an estate plan. Ordinarily, only that individual has the legal authority to take certain steps, so...

A special needs trust, in some ways, operates like any other type of trust. A person can create it when they are making their estate plan, and they can then use their assets to fund it. They can choose a beneficiary who will be able to obtain withdrawals from this...

Mental health challenges can be unpredictable. Whether depression, bipolar disorder or another condition, there may come a time when you are unable to make decisions for yourself. In this case, you can leverage a power of attorney (POA) for mental health to offer...

A pour-over will is a special type of will that works alongside a living trust. It ensures that any assets you own at the time of your death that you haven't already placed into the trust are "poured over" into it.  If you have a trust in place, a pour-over will acts...

An unexpected bonanza, whether from an inheritance, lottery winnings or a lucrative business deal, is undeniably life-changing. You may feel like running out and celebrating with a luxury purchase like an expensive car. A celebration may be warranted, but remember to...

In some previous blog posts, we’ve discussed the importance of including an advance health care directive in your estate plan. This allows you to legally codify your wishes for what kind of measures you want taken if you’re critically injured or ill and unable to...

An estate plan serves multiple purposes, but one of its primary aims is the protection of your assets. Therefore, a comprehensive plan will use various tools to preserve more of your wealth for future generations. Part of wealth preservation is lowering your tax bill...

Most parents raise their children and see them step out into the adult world to pursue life on their own terms. However, in the unfortunate event that you and your child’s other parent were to die before your children turn 18, someone else would need to take legal...