Dear first responders, thank you for all that you do for us! We understand that being the first one on the scene can come with many different risks. We are dedicated to protecting you and your loved ones from the different types of emergencies that may pop up during your life. The following are some important […]
Occasionally, after completing your estate plan, you may be surprised to discover a reference to Joseph P. Kennedy and his descendants buried deep within your trust document. Discovering in your very personal estate planning documents the name of someone with whom your family has absolutely no connection can be particularly puzzling, and even distressing. But, before […]
A common misconception people have about life insurance is that they only need to designate their spouse, child, or loved one as the beneficiary of the policy to ensure that the life insurance benefits will be available to the beneficiary when they die. Life insurance is an important financial and estate planning tool, but without certain […]
Part of protecting your loved ones when you pass away is making sure that you have a proper estate plan in place. Another aspect is making sure that the right amount of money is available to carry out your goals for their futures. Life insurance has helped many people provide for their loved ones in the […]
Working with an attorney to draft a trust agreement for estate planning purposes is an important step. But just getting the document drafted and signed is not enough. For any trust to be effective, you must complete the process of trust funding as soon as you can. But what exactly is funding? A common way to […]
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2021 survey conducted by Caring.com, only 33 percent of adults in the United States have any […]
Even if you do not listen to pop music, it has been hard to ignore the recent news about Britney Spears and the #FreeBritney movement trending on social media. What is this movement all about? And why should average Americans care? Let’s take a walkthrough of conservatorships and some of their pitfalls. In 2008, pop singer […]
When a couple engages in estate planning, one of the first questions tackled by their estate planning attorney is whether it makes sense for the couple to use a revocable living trust (RLT) as a part of their plan. If so, an important follow-up question for married couples should be whether it makes sense for them […]
Whether you have inherited your wealth or have built it yourself, you likely want to share this wealth with the next generation and beyond. The quotation “shirtsleeves to shirtsleeves in three generations” has often been attributed to Andrew Carnegie. The same concept has been echoed by other people and various cultures, with the underlying notion being […]
Clients often naturally choose their children to be beneficiaries of their revocable living trusts. Many clients also wish to name one or more of their children as the trustee of that trust, but are not sure if that is allowed by the law. The short answer is yes, you can have a trustee who is also […]
