Category Archives: Estate Planning

Most People Should See a Qualified Attorney When Drafting an Estate Plan

I know Warren Buffet has said multiple times, “Never ask a barber if you need a haircut” but this estate planning attorney believes that almost everyone needs a will, and to boot, I think most people should see a qualified attorney to draft the proper documents.  The need stems from the basic premise that most… Continue Reading

4 Steps to Understanding Trust Funds for Children

Evan’s Note: While I have written about how useful trusts are for children I thought it would be interesting to hear about Trusts from someone who is from a different country. We’ve all heard the jokes about trust funds and the recipients of them. Most of the time it’s the party boy or girl, who… Continue Reading

A Confusing But Common Estate and Life Insurance Decision

I participate in a lot of financial and estate plans, and there is a common distribution technique I never understood.  The worst part, is that it almost always unintentional.  I think most people would would agree that a child who has lost both of his or her parents should not receive money outright, and as such, his… Continue Reading

Why Most People Should Be In Favor of the Federal Estate Tax

I think it is a very easy and popular position to be against the federal estate tax (affectionately known as the “death tax”).  The arguments against the estate tax range from the simple, “the government should death tax it is hard enough” to the bit more sophisticated, “the decedent was already taxed on all earnings… Continue Reading

When’s the Last time You Reviewed your Beneficiaries?

It isn’t often discussed, but estate planning (or lack of estate planning) isn’t the only way assets pass to heirs.  A very common way an heir receives assets is pursuant to a beneficiary election or payable upon death contract.  Passing assets via a beneficiary status is not limited to just qualified retirement accounts and life… Continue Reading

Everyone has a Default Estate Plan

It is amazing how many people believe that when someone dies without a Last Will and Testament the surviving family (and mistresses) are paraded in front of a judge and possibly even a jury to argue who the decedent loved more.  I hate to burst the bubble of anyone who loves “legal” TV shows but… Continue Reading