October Newsletter – National Estate Planning Awareness Week
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…
Estate Planning Throughout Life
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…
Collecting Debts on Behalf of Your Deceased Loved One Q&As
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…
How Property Co-ownership Affects Estate Planning
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…
Navigating Undue Influence in Trust Contests: Proof from Circumstantial Evidence
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…
Four Things Your Spouse Should Know
Married couples typically share nearly every facet of their lives. However, even the most intimate partners may hesitate to broach certain subjects when discussing death. While discussions about burial arrangements and remarriage can be awkward,…
Strategies for Executives to Achieve Their Estate Planning Objectives
As a business executive, you strategize and set goals for your professional endeavors. Have you taken the time to apply these skills to ensure the well-being of your family? If you still need to, our…
Estrangement & Estate Planning
Regrettably, family conflicts sometimes escalate beyond mere fleeting disagreements, leading to estrangement. Family estrangement refers to physical and emotional distancing among family. This separation often reaches a point where there is minimal or even no…
The Corporate Transparency Act: What It Is and Why Every Trustee and Business Owner Should Begin Preparing
By Bryan Johnson, Esq. Corporate Transparency Act The Corporate Transparency Act (CTA) was created under the Anti-Money Laundering Act of 2020 and goes into effect on January 1, 2024. The CTA seeks to prevent individuals…
The Federal Deposit Insurance Corporation Will Increase Insurance Coverage of Trust Bank Accounts
The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency insuring deposits in U.S. banks in case of bank failure. The Banking Act of 1933 established the agency to restore public confidence in banks…
Benefits of Gift Giving
Many of our hard-working clients want to pass on their wealth to family members. Nonetheless, individuals with a high net worth must consider potential gift and estate tax implications when gift giving. By creating a…
The Importance of Avoiding Intestacy
Many Americans pass away without a will, which is called dying intestate. In this circumstance, what they have left behind is distributed during intestate succession. Rather than decide who they want their assets to go…
Choosing Your Successor Trustee
When establishing a trust, choosing your successor trustee is one of the most crucial choices you will need to make. You can act as the trustee if your trust is a revocable living trust. However,…
Time to Protect Your Child’s Future
As a parent, you want to protect your child’s future, but have you ever pondered what might happen if you could not be a part of it? This contemplation can be a sad one for…