Upon a beneficiary’s death, who receives his or her estate? You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in his place? The answer is,…
When it comes to inheriting money or property, most parents treat their children equally. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a…
Various states have different laws and regulations regarding wills and trusts, which have different benefits for estate planning. You can have both a will and a trust; however, the information in each should compliment the other. As a standalone, it…
The disposition of your assets in your estate plan may seem unrelated to life insurance at first glance. However, life insurance can be an integral, indispensably important part of a well-thought-out estate plan. There are numerous other benefits to owning a…
We hear this question a lot. You can find out whether you need a trust and, if so, what kind is best for you by reading on. For example, maybe you have a disabled child and you want a trust…
COVID-19 has brought renewed importance to advance care planning and directives. Responses to vaccinations and understanding their efficacy, reinfection potential, and long-haul symptoms resulting from COVID-19 continue to baffle our scientific understanding. It appears the coronavirus will continue to challenge…
Structure-wise, a limited liability company (LLC) lies between a partnership and a corporation. Most small business owners are aware this hybrid legal entity is beneficial for financial management, yet an LLC is also a powerful estate planning tool for much…
An irrevocable trust that benefits a charity and also provides income to the heirs is a charitable trust. If you are philanthropically minded with nonessential assets like stocks or real estate, a charitable trust can offer many financial advantages for…
It is crucial to plan your estate in order to protect your loved ones, no matter what your orientation may be. In the LGBTQIA+ community, estate planning can legally protect against discrimination even if others are reluctant to recognize your…
As lawyers, we prepare powers of attorney so that our clients can continue to act on behalf of themselves when they are no longer able to do so themselves. But when it comes to actually using those documents at the…