Estate planning helps ensure that you and your loved ones will be protected no matter what the future holds. In our blog, we discuss the elements of an estate plan, how an estate plan prepares for possible illness or incapacity, what you can do to leave a lasting legacy for your loved ones, and much more. For answers to questions about your specific estate planning needs, please contact our office to request a free initial consultation.
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Estate Planning in the Digital Age: 4 Obstacles to AvoidEnsure a secure future for your assets in the digital era with effective estate planning. Discover the key obstacles to steer clear of, and safeguard your legacy today.
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Who Does the Probate Attorney Represent?Turning back to the question, whether the lawyer owes a fiduciary duty the heirs of a probate estate depends on the state in which the estate is being probated.
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In the wake of the COVID-19 pandemic, society underwent a radical transformation.The COVID-19 pandemic forced us to adopt a more flexible lifestyle. This includes estate planning attorneys who now work with clients remotely.
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529 Plans with Estate and Education PlanningA 529 plan is a tax-advantaged savings plan designed specifically for education expenses. They are also referred to as qualified tuition plans and Section 529 plans.
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The Accumulation and Transfer of WealthStrategically saving money and preserving assets in a tax-advantaged way allows more wealth to accumulate in each generation.
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Probate Disruption by CreditorsIf a personal representative goes back on their word or makes a seemingly untrue assertion for debt payment.
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Plan Your End-of-Life Care Properly for Your Loved OnesOur health care system is geared toward keeping people alive for as long as possible.
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Helpful Guide to Estate TaxesAn estate tax is a tax on the total value of a person’s assets at death. The estate pays the tax before any beneficiaries receive assets.
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Estate Plan Revisions After a DivorceYour estate planning attorney can update your will with a codicil that alters, changes, or subtracts the provisions.
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The Importance of Having an ExecutorYou will need a death certificate to open and close financial accounts, file the decedent’s final tax return, and more.
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Planning for Generational Wealth TransferOlder Americans, the baby boomer generation, in particular, control an enormous stockpile of money.
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Remember to Review Your Estate Plan OftenWithout modifying your will after gifting cash during your lifetime, the named individual will still get the gift when the will enters probate.