Statistics indicate that the majority of American adults do not have a comprehensive estate plan in place. This is rather irresponsible because death is one of the certainties of life, and estate planning involves serious financial matters and the ongoing well-being of those that you love. When someone passes away without a last will or […]
Inheritance Planning
Pros & Cons of Life Estates
We would like to look at life estates briefly and point out some of the pros and cons. On the positive side a life estate can be used to satisfy certain estate planning objectives. Let’s say that you are divorced and you have children. You own a home, and you want your children to inherit […]
Be Totally Forthcoming With Your Estate Planning Attorney
Your estate planning attorney can only help you to the extent that you help your attorney understand your situation. If you are not forthcoming about every relevant detail you could ultimately wind up with an estate plan that is not optimally prepared. For example, last year the actor Sherman Hemsley, who is best remembered for […]
Seniors, Dogs, and Estate Planning
Senior citizens face some emotional challenges as they lose loved ones over the years. Loneliness can decrease your quality of life, and it can even result in depression. The good news is that there is a ready friend available to you as a senior citizen in the form of a dog. If your physical capabilities […]
Economic Debacle Impacted Boomer Inheritances
The economic downturn that started in 2007 had some wide-ranging impact as we all know. However, one of the things that you may not think about is the effect that this debacle had on the inheritances that baby boomers will be receiving. From June of 2006 to June of 2010 the amounts of the inheritances […]