When Dementia Emerges

2020-03-17T20:37:17+00:00July 15th, 2014|

After Mary’s father was admitted to the hospital, Mary visited her mother at home. It wasn’t long before she noticed things weren’t quite right. On the coffee table was a stack of unopened mail and bills, some past due. Her parents had never missed a bill payment! The refrigerator was nearly bare. What had they [...]

Vacationing? Don’t Leave Home Without These Top 10 Legal Tips

2020-03-17T20:25:55+00:00June 15th, 2014|

Ahhh… vacation. Who doesn’t look forward to getting away from it all? But before you do, consider your family’s peace of mind in your absence and your increased risk as you fly, drive long distances, visit foreign locales and engage in outdoor activities. Make sure these legal documents are up-to-date: A Durable Power of Attorney [...]

Choosing a Guardian for Your Children

2020-03-17T19:52:40+00:00March 15th, 2014|

Who would raise your children if you could not? It’s a tough question, but proper planning creates peace of mind, in the unlikely event that you cannot care for your children. Your first step is to name a “personal guardian” for your children and one alternate in your Will. If something should happen to you, [...]

Why YOU Need an Estate Plan, no Matter How Big or Small…

2018-11-26T04:43:55+00:00July 30th, 2013|

Do I even have enough assets to think about an estate plan? I am often asked this question as I meet with clients every day of all different ages. Here's the answer. Everyone over 18 years old needs some form of estate planning, even if it’s very basic. But most people don’t do anything because [...]

The Ten Reasons Why We Need Estate Planning

2018-11-26T05:02:36+00:00June 3rd, 2013|

Why Estate Planning Is Still Important With the federal gift and estate tax exemption currently at $5.25 million per person ($10.5 million for married couples), some with “smaller” estates may wonder if they need to do any estate planning. But there are many reasons to do estate planning other than to avoid estate taxes. The [...]

IRA Trusts Protect Family From Inheritance Risks

2018-11-26T04:56:42+00:00April 5th, 2013|

IRA Trusts – What happens when your IRA outlives you? Clients want to protect their IRAs and other qualified retirement plan assets for their families, but don’t really understand what happens to these assets after they die. Without proper planning, these assets can be exposed to beneficiaries’ creditors and other beneficiary associated risks. By using [...]

Revocable Versus Irrevocable Trusts – What’s the Difference?

2019-01-22T21:08:48+00:00February 22nd, 2013|

Revocable trusts and irrevocable trusts each do different things in estate planning. You have decided to move forward with an estate plan. You are interested in a trust, but what kind of trust is right for you?  You have a friend who tells you that “irrevocable trusts” are the way to go but the word [...]

The 2013 Fiscal Cliff Deal: What It Means for You and Your Estate

2020-12-18T16:26:33+00:00February 5th, 2013|

Check out these important points about the 2013 Fiscal Cliff Deal. On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 into law, addressing lingering concerns about the expiring Bush era tax rates, estate and gift tax rates, and many other tax related concerns.  This bill impacts nearly every American citizen [...]

Wills Versus Trusts – Is Your Will Enough? Probably Not

2019-01-22T21:08:59+00:00January 2nd, 2013|

What does a Will do, what does a Trust do, and do you need both? Most people are unaware of the important distinctions. Here we clear up the confusion. Learn the difference between Wills versus Trusts and why they’re both important. Many estate planning clients start off our conversation by saying “I already have a [...]

Estate Taxes, 2013 and Beyond – The Expensive Unknown

2018-11-26T04:47:24+00:00October 30th, 2012|

It’s November 2012. Are you doing your year end planning? Many of my clients are. Estate taxes is a topic that keeps coming up time and time again. Did you know that estate taxes are scheduled to go up drastically in 2013? Will Your Estate Taxes Increase? Here’s an example; If you have a $1.3 [...]

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