When you go through the legal process of Estate Planning, this includes you deciding: (1) who you want to receive any real estate, savings/investments, tangible personal property, and other assets of yours after your death; (2) … [Read more...]
Search Results for: estate planning
Why Are People So Afraid of Estate Planning?
Q. I read your recent article on Aretha Franklin’s multiple handwritten wills and the family strife that ensued for five years after she died. The situation provided a great example for why all of us should have properly written … [Read more...]
Three Things Most People Get Wrong About Estate Planning
Q. I just saw that it’s Estate Planning Awareness Month! We had our estate planning documents done through your firm a couple years ago. I’m trying to convince my sister and parents to do the same, but they have some objections, … [Read more...]
Estate Planning for Every Stage of Life
Q. I am a middle age divorcee who lives in a condominium complex with people of all ages, some who rent and others who own. My next door neighbors are a 60-year-old couple who have been married for 35 years, and on the other side … [Read more...]
Procrastination and Estate Planning: How to Avoid These Disaster Scenarios
Q. My husband keeps procrastinating when it comes to wanting to do our estate planning. I brought up some things that could happen when someone dies without proper planning in place, but it hasn’t been enough to convince him. Can … [Read more...]
What Do Different Generations Care Most About in Their Estate Planning?
Q. My daughter, Abby, is 30 and newly married. Similar to many of her friends, Abby and her husband decided to do their estate planning because the coronavirus got them thinking about their mortality. It got me and my husband, who … [Read more...]
Are Transfer on Death Deeds a Good Alternative to Estate Planning?
Q. I was recently discussing with my husband what would happen to our house in Annandale, Virginia when we are no longer around, especially since we don’t have our estate planning in place yet. One my friends’ parents recently … [Read more...]
Comparing Elder Law and Estate Planning — What’s the Difference?
Elder Law and Estate Planning serve two different functions, yet they are both equally important. One thing that sets them apart is that Elder Law concentrates on preserving your assets while you are alive, while Estate Planning … [Read more...]
High Net Worth Estate Planning, Asset Protection, and Tax Avoidance
Strategies for Estate Planning, Asset Protection, and Tax Avoidance for Persons with High Net Worth Rental Property Protection: LLCs and Asset Protection Trusts Spousal Lifetime Access Trust (SLAT) A Spousal Lifetime Access … [Read more...]
What’s the Difference Between Retirement Planning, Financial Planning, and Estate Planning?
Q. My wife and I are hoping to retire in 12 years. We have already done our estate planning but have been told by friends and relatives that we need to also do financial planning and retirement planning. Aren’t financial planning … [Read more...]
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