People who have accumulated a substantial amount of wealth during their lifetime are often reluctant to disclose the full extent of their wealth to their children. Although there may be a number of good reasons for high-net-worth individuals to create a trust with their children as beneficiaries, the phrase “trust fund baby” immediately brings to […]
The American Dream envisions home ownership for everyone. And most of us save for this purchase with the thought of passing it on to our families one day. But questions about ownership and how it’s passed on are pretty common. Questions like, “If I give my home to my child in my will, can they […]
The short answer to whether couples in a domestic partnership have the same rights as married couples when it comes to estate planning is probably not. To a large extent, the state in which you live, and maybe even the city or county, determines domestic partners’ rights. What Is a Domestic Partnership? Everyone knows what […]
Divorce is more common now than it was in the past, as is remarriage. Depending on how long a prior marriage lasted, the former couple may have done a certain amount of estate planning together. When that is the case, it is important to understand how a subsequent marriage can impact the estate planning from […]
