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…
When writing a will, I read that I could leave my property to my children “per stripes.” Why is the law talking about us like we’re some kind of zebra? The phrase is Latin and it is “per stirpes,” not…
It may seem simple to leave your property to your heirs. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate beneficiaries for your…
It is natural for families to step into a caretaking role when a relative is injured, ill or elderly. The love and care many adult children receive growing up become reciprocal, particularly in the case of their aging parents. But…
According to Florida Today, 46 million Americans own the well-known crypto asset, Bitcoin and the number of people owning cryptocurrency is growing steadily. Bitcoin was created in January 2009 by Satoshi Nakamoto as a peer-to-peer electronic cash system. This digital…
The House Ways and Means Committee approved President Biden’s Build Back Better Act’s (BBBA) tax provisions, a major step towards passage of the bill. As the draft now stands, the legislative proposal may restrict the abilities of higher net worth…
There are direct and indirect costs associated with Alzheimer’s and other related dementia diseases policymakers have to consider. Direct costs, in this instance, are the medical and social/non-medical care costs related to dementia; on average, expenses included $273 per month…
Cryptocurrency is a digital asset and as such needs to be addressed differently than traditional estate planning assets. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of…