Your Legacy: How Do You Want to Be Remembered? Amid the hustle and bustle of daily life, it’s common to delay matters such as securing an up-to-date estate plan. However, this November is an excellent time for you to pause and reflect on the significance of ensuring that your wishes, possessions, and legacies are managed…
Due to life circumstances changing, it may be necessary to modify estate planning documents. For example, you might decide to revoke your will due to the desire to change beneficiaries or reallocate assets. However, what happens if you experience a change of perspective and wish to reinstate it? There are various methods of undoing a…
Leasing a vehicle has become a widely embraced alternative to the conventional method of financing. Leasing arrangements provide the lessee, the individual leasing the vehicle, with reduced monthly payments. Upon completion of the lease term, the vehicle can be easily exchanged for a newer model. Nevertheless, it’s important to note that a lessee does not…
National Estate Planning Awareness Week We’re celebrating National Estate Planning Awareness Week! It’s time to raise awareness about the importance of estate planning and to encourage everyone to create a plan for their future. This month’s newsletter explores the top reasons for an up-to-date estate plan and the legal tools that typically comprise a complete…
You can create your estate plan at any time. However, many people choose to start estate planning sooner rather than later. While life can be unpredictable, estate planning throughout life’s stages provides the peace of mind that your wishes will be upheld. When to Start Estate Planning There is no designated age for establishing an…
It’s common to partake in financial transactions that lead to owed money. For example, many people lend funds or lease property. However, the situation takes a unique turn when the individual entitled to receive this money passes away. The question that arises is whether someone else can step in to claim these outstanding debts. Here…
Due to interest rates, low inventory, and inflation, the prices of homes have skyrocketed. For this reason, property co-ownership is common. People opt to partner with relatives or friends to buy property to lower individual costs. Nevertheless, jointly purchasing a house can give rise to complications, such as challenges related to inheritance. Therefore, when co-purchasing…
By Christine M. Allen, Esq. Trusts are powerful tools for individuals to manage and distribute their assets. Furthermore, they ensure their wishes are carried out after their passing. In addition, trusts ensure family members avoid the unnecessary costs and delays associated with probate. But what happens when an individual’s trust terms do not actually reflect…