The Executor’s Role During Probate
When drafting a will, a crucial decision involves selecting the individual who will act as the executor of your estate. This person is the representative tasked with executing the instructions you provide in your will…
Explore Dynasty Trusts in Our Latest Newsletter
In our latest newsletter, we delve into the intricacies of dynasty trusts. If you have a high net worth, this is one of the best ways to protect your family and transfer your estate. However,…
Standing in Elder Financial Abuse Litigation
By David M. Huynh, Esq. All too often, a person may feel that an elderly loved one is clearly being taken advantage of by another – whether it be a friend, close family member, or…
Federal District Court Strikes Down CTA as Unconstitutional
The Lawsuit The National Small Business Association (NSBA), a non-profit representing over 65,000 businesses across the United States, filed a lawsuit against the US Department of the Treasury and Treasury Secretary Janet Yellen. They claimed…
All About Residuary Clauses
It can be difficult to meticulously catalog and address every possession in your will or trust. However, incorporating a thorough review process, seeking professional guidance, and including a residuary clause can help mitigate the likelihood…
This February Is the Time to Cultivate and Build Relationships
Our February newsletter delves into the realm of practical wisdom, guiding you through the intricacies of safeguarding your loved ones with straightforward estate planning tips. We also unravel the mysteries surrounding third-party waivers as our…
What Happens to Real Estate With a Mortgage When the Owner Passes?
Debt does not simply go away when the debtor passes, which is true of a mortgage. Therefore, the beneficiaries will inherit the property and the existing debt if a home still carries a loan. Various…
The Differences in Various Estate Law Attorney Specialties Explained
Estate planning attorneys, probate attorneys, and trust administration attorneys each fulfill vital yet distinct functions within the legal procedures related to legacy planning, asset distribution, and wealth preservation. Estate planning attorneys focus on creating a…
Navigating the Complex Terrain of Stolen Items in an Estate
Families diligently plan their estates to organize and distribute money and property for the benefit of their loved ones. For most families, what they leave has been hard-earned by them throughout their lives. However, there…
Unveiling Our Firm’s New Name
We are proud to announce that Law & Stein LLP has changed its name to Law Stein Anderson, reflecting the continued and impactful contributions of partner Shauna R. Anderson. Shauna achieved remarkable success in her…
You Can Have the Best of Both Worlds With Testamentary Trusts
There are various avenues to consider when crafting an estate plan. Some favor the flexibility offered by a revocable living trust, while others contend that a last will and testament (commonly referred to as a…
The Deceased Spousal Unused Exclusion Amount
Effective financial management, particularly for married couples, includes a crucial component: estate planning. A critical factor in this process is reducing estate taxes, as taxes can significantly impact the allocation of money and property to…
You Might Have an Estate Tax Issue Soon
In 2017, the Tax Cuts and Jobs Act (TCJA) substantially raised the federal estate tax exemption to $10 million. This designated sum allows you to gift assets to your loved ones, free from gift or…
Forever Fur Family: Including Your Pets in Estate Planning
For most of us, our pets become cherished members of the family. Yet, during estate planning, the needs of these beloved animals are sometimes overlooked. Including your pets in estate planning isn’t merely an act…