August 4, 2015

How to Cut The Lousy Kid out of Your Will

You haven’t heard from him in 10 years, since he stole the money in your bank account. Or for many other reasons, he or she is a bad seed and you don’t want him or her to inherit your estate? It is possible to disinherit a child from your Will or Estate in most states […]

Estate Planning
July 21, 2015

Build Your Estate Planning Team

Estate Planning is a process – not a transaction! There are many moving parts in your plan that need to be coordinated to get the most benefit you can. That’s why you should put together and work with a team of estate planning advisors to help you get it right. Many people already have these […]

Estate Planning
July 7, 2015

Extend Your Love: Choose a Guardian for Your Children

Choosing a possible guardian for your children could be one of the most important gifts you ever give your kids. Planning for your own death is depressing and unpleasant, but for parents with young children, selecting a guardian is a way to extend your love, share your child care philosophy, and ensure your children’s future […]

Estate Planning
June 25, 2015

What are Advanced Directives?

What are Advanced Directives? Life is unpredictable. While no one wants to contemplate something bad happening, either to themselves or to their loved ones, it is important to be prepared. If something bad does happen, advance directives like a Living Will and a Medical Power of attorney come into play. These directives ensure that your […]

Estate Planning
June 11, 2015

I am cut out of the Estate! Now what?

When a loved one dies, the trauma of the death is bad enough, but then the distribution is revealed and the terms come as a shock to the beneficiaries. Image this … daughter Judy gets everything and the rest of the family gets little or nothing. Worse yet, a “No Contest” clause has been added […]

Estate Planning
April 28, 2015

Where do you express your wishes regarding organ donation?

Did you know that every 10 minutes, another name is added to the national organ transplant waiting list? Right this moment, 123,000 men, women and children need a transplant, but 21 people will die each day because no transplant was available. In 2013, there were 14,257 organ donors resulting in 28,953 organ transplants, which means […]

Estate Planning
March 30, 2015

Do I have to file a tax return for my trust?

Clients frequently ask me if they have to file a tax return for a trust they have created. The answer is no if it is a REVOCABLE Living Trust. Income Tax Treatment of Revocable Trusts A revocable trust is typically formed by husband and wife. Both are considered the initial trustees who manage the assets […]

Estate Planning
March 16, 2015

Are joint accounts a good idea in estate planning?

Are joint accounts a good idea when you are creating your estate plan? The answer is yes and no. Spouses often add each other to accounts to avoid probate and transfer money to their loved one. In addition, older people often add children or trusted friends to accounts for the convenience of paying bills, especially […]

Estate Planning