Understanding the Recent Ruling on the CTA
On December 3, 2024, the United States District Court issued a preliminary decision in Texas Top Cop Shop, Inc. v. Garland, temporarily halting the enforcement of the Corporate Transparency Act (CTA), a federal law requiring…
Estate Planning for an Only Child
More and more parents are opting to have just one child, which raises important considerations when it comes to estate planning. If you’re the parent of an only child, your estate plan may look a…
How to Prepare Your Digital Assets Before You Die—and Even Leave Behind an AI Clone
By Kianna C. Parviz, Esq. With advances in technology over the last few decades, many of us have acquired significant digital assets, so it is important to consider how you want such assets handled upon…
November Newsletter: Fall Estate Planning Update
November’s newsletter tackles fall estate planning with a fresh, football-inspired perspective. Just as each game needs a solid playbook, your family’s assets require a game plan. Without a doubt, we’re here to help you take…
Should Your Child’s Guardian Also Be Their Trustee?
When it comes to estate planning, you might hear the terms “guardian” and “trustee” tossed around. These roles are vital if you’re thinking about who will care for your child or manage their inheritance if…
Key Questions to Ask When Picking Your Successor Trustee
When you create a revocable living trust, you’ll need a trustee to be in charge of managing the property and accounts in the trust. Initially, this will typically be you. However, you’ll need to name…
October Newsletter: Lessons from the Movies on Creating a Lasting Legacy
October’s newsletter delves into estate planning lessons from Hollywood, with insights on creating a lasting legacy drawn from Rain Man and The Descendants. These iconic films offer valuable takeaways for families facing estate planning challenges,…
Handling Sentimental Belongings in Estate Planning
We’ve covered many topics on how estate planning secures wealth distribution according to your preferences. However, what about items with less financial value but significant sentimental value? Often, there is no clear path for who…
A Well-Rounded Estate Plan Considers Every Possibility
By Christina B. Yee, Esq. As the population ages, planning in the event of incapacity has become increasingly important. According to the 2024 Alzheimer’s Association report, an estimated 6.9 million Americans aged 65 and older are…
Understanding Hidden Assets, Trusts, and LLCs in Divorce Battles
The Wall Street Journal (Candace Taylor) 09.24.24, published the article “Secret Trusts, a Bitter Divorce and the Battle Over One of America’s Biggest Homes.” The article is regarding the Pritzker estate, a 50,000-square-foot property in…
The Risks of Relying on Intestacy
Many people are under the impression that if they die without a will (dying intestate), everything they own will automatically pass to their spouse and children. State rules differ on this, but generally, your spouse…
September Newsletter: Estate Planning for Young Adults
September’s newsletter covers estate planning for young adults, from basic first documents to smart financial strategies. It’s a great read to gain actionable first steps your young adult child can take toward financial literacy and…
Potential Pitfalls of Joint Property Ownership
Joint real estate ownership allows the property to bypass probate and pass directly to the other owner(s) upon death. However, it’s important to note that joint property ownership can lead to unintended consequences despite its…
3 Effective Ways to Manage Estate Planning Expenses
Hiring an estate planning attorney may involve a notable financial investment, but the benefits and protections they offer make this investment well worth your while. It’s a proactive step to ensure your wishes are legally…