Estate Planning

/Estate Planning

Estate planning is the preparing of legal documents to carry out your testamentary intent.  Estate planning does not just take into account the high net worth individual who is primarily concerned about estate taxes, but rather planning for everyone’s testamentary intent.   Testamentary intent is what you want to happen when you die.  Notwithstanding, the general definition estate planning can include sophisticated gifting options to reduce one’s taxable estate and avoid or diminish federal and state estate taxes.

The Hardest Decision For Most Couples is Choosing a Guardian

I have been practicing in the estate planning world for the past decade or so, and I have found that the hardest decision that most people have to make is choosing their guardian for the children. In fact, it is so difficult that prior to meeting new clients with children, it is the only decision I make them come to the meeting prepared to answer. I am confident I can walk a family through every other issue regardless of family dynamics, net worth or complicated tax matters, however, watching a couple determine/fight over who can care for their young children is often [...]

By |2019-03-14T21:47:03-04:00March 14th, 2019|Estate Planning|1 Comment

It May Be Time to Review Your Last Will and Testament

My small law practice always gets busy come January since "getting your will done" is just one of those adult things people think about at the beginning of each new year.  For all of those that have already have completed their will it may be a good use of your time to review the contents of the will since life changes. Items to Think About When Reviewing Your Will While this list is no where near exhaustive it should at least provide you with some ideas of what to look within your document and even outside your document when reviewing your Will. [...]

By |2019-01-14T21:29:20-04:00January 14th, 2019|Estate Planning|0 Comments

Your Estate Plan Should Reflect Your Interests

No one wants to think about death and dying. They are morbid subjects to be sure but they are something every smart business person needs to think about. This means having a business plan in place in case something should happen to you and also making sure your will and estate planning is up to date. The question is, what kind of assets are we talking about? Depending on your area of expertise and interests, this can be anything from stocks and bonds to real estate to rare coins and precious metals. Here are some things you might want to consider passing [...]

By |2018-09-13T21:58:27-04:00September 13th, 2018|Estate Planning|0 Comments

Most People Should NOT Use a Do It Yourself Will Preparation Services

In addition to my day job and running a few websites, I also own and run a small legal practice where 99% of my matters have to do with estate planning and administration.  Every client is a referral which inherently builds a nice network of traceable people I have helped discover and implement their testamentary intent. I was sitting with one of these referrals the other day when she asked me a pretty direct question regarding my thoughts on using Do It Yourself Will Preparation Services.  I was taken back by the question as we had already been sitting for the better [...]

By |2018-07-22T12:15:22-04:00June 15th, 2017|Estate Planning|0 Comments

A Standard Estate Plan Will Not Work For Second Marriages

Estate planning when a person has been married before or has children from previous marriage is a very difficult subject to undertake, but like most estate planning issues it should not be ignored.  There are a multitude of reasons why a simple estate plan will not work for most second marriages. What is a Simple Estate Plan? and Why does Extra Care Need to be Taken Planning your Estate When There is a Second Marriage? A simple estate plan, which can be commonly referred to as an "I love you will" is a natural distribution wherein everything is passed from the decedent [...]

By |2017-02-23T14:27:40-04:00January 14th, 2016|Estate Planning|0 Comments