When a client has a child who is under 25, I always recommend that the client leave that child’s inheritance in a trust until the child reaches a more responsible age. The goal is to protect those assets and prevent a young, inexperienced beneficiary...
If there were ever a list of cardinal sins in the world of estate planning, dying intestate would be at the top. To die intestate is to pass away with no legal will in place. Those who make this oversight subject their loved ones to the pains of the probate court and...
Tragically, now is a moment when many are navigating the loss of a loved one. At the time of writing, 472,920 lives have been lost to Covid-19 in the US and that number only continues to grow. Navigating an estate plan in the shadow of a loved one’s passing is an...
In December 2020 a wild story began to circulate among estate planning attorneys. The tale told of a friend’s father who had buried $50K in the backyard, intending to pass the money onto his yet unbegotten grandchildren. When the father passed away, his two sons each...
If you’ve ever read T.S. Eliot’s poem “The Wasteland” you might have wondered why April, not January, is described as “the cruelest month.” Surely, Eliot had his reasons and yet January seems like a strong contender for this dubious honor. After all, it is the coldest...
Ask any ten people on the street to explain probate court to you and, as less than half of US adults have any sort of estate plan, five will likely have no idea, and the rest will tell you it’s where your family goes to suffer after you die. Neither of these answers...
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