An Overview of Pet Trusts
Back in 2007, hotel heiress Leona Helmsley left a trust fund of $12 million for the care of her Maltese puppy named “Trouble.” The Value of an Animal Trust for Your Pet For those who care about the well-being of…
How Do You Handle the Death of a Family Member Without a Will?
It has become more important than ever to have a will, a living will, and perhaps even a living trust as a result of the COVID-19 pandemic in the US. Still, this knowledge is not translating into estate planning action.…
Is It Time to Update Your Financial Information?
When you organize and prepare your financial information for the future, you will give peace of mind to yourself and relieve the burden on your loved ones. It will ensure proper management of your financial situation and afford control over…
Irrevocable Life Insurance Trusts: A Powerful Tool for Managing Your Wealth
As the federal estate tax exemption allowance threatens to be reduced, it may be time to reconsider how you plan to leave generational wealth to your heirs. Senate Democrats are proposing to lower the current estate tax exemption from $12.06…
A Guide to Navigating Probate
Probate is the legal process of formalizing a will and appointing an executor to administer the estate for intended beneficiaries, according to the American Bar Association (ABA). Navigating the probate process will vary according to state law. Therefore, it is…
Legal Strategies to Address Alzheimer’s Disease
Over 5 million people worldwide suffer from Alzheimer’s disease, which has no cure as of yet. Projections by the Alzheimer’s Association (alz.org) are that by 2050 more than 14 million Americans will suffer from this disease. What can you do…
Your Spouse or Partner Should Be a Part of Your Estate Planning
It is important to discuss your estate plan with your spouse or life partner thoughtfully and carefully. Before meeting with an estate planning attorney, it is best to discuss your ideas to present a united goal. This conversation can be…
How to Plan for Cryptocurrency in Your Estate
The traditional estate planning elements are mostly irrelevant in the case of digital assets. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of these asset classes, addressing…
Protect Your Right to Vote With a Power of Attorney
Your right to vote is a fundamental element of what it means to be a citizen – yet you could lose your right if you become a ward in a guardianship. Having a strong power of attorney is essential to…
Estate Planning After Losing a Spouse
Following the loss of a spouse or long-time partner, it is difficult to consider more than just your grief. However, it is crucial to understand there are important and timely decisions you need to make regarding your finances and personal…