Problems with Beneficiary Designations

Q. Last week, you wrote about why inheritance sometimes goes unclaimed, and how it’s a lot less likely when you have a trust in place. I read something about the downsides of beneficiary designations naming individuals and how … [Read more...]

Critter Corner: Benefits of Naming a Trust as an IRA Beneficiary

Dear Hayek, I am reconsidering who I should make the beneficiary for my IRA. I heard that there are some advantages to naming a trust instead of an individual. Is this true, and if so, why? Thanks for your help! Benny … [Read more...]

April Is Organ Donation Month: What You MUST Do if You Are Considering Organ Donation

Q. I have heard so many stories about organ donation, mostly positive. I’ve read about how many people need organs and how many lives just one person who is an organ and/or tissue donor can save. I think I may want to sign up, and … [Read more...]

What Your Loved Ones Want and Don’t Want May Surprise You!

Q. I visited my mother the other day, and we sat on the sofa in her living room with my children enjoying each other’s company. We reminisced about memories of me growing up and looked at old photo albums with the kids. In some of … [Read more...]

Divorce Rates for Couples 50 and Older Have Doubled Since 1990 — What This Means for Estate Planning and Medicaid Planning

Years ago, the vast majority of couples who weren't happy in their relationship chose to remain married out of convenience or routine, a sense of familiarity, or for their children. This has changed in recent years for many … [Read more...]

Farr Law Firm Now Filing Tax Returns for Our Clients

Q. My sister and her husband set up an irrevocable asset protection trust with your firm as part of their estate planning. She was trying to explain this type of trust to me, but I still don’t understand, so I signed up for one of … [Read more...]

Apple’s New Right of Survivorship Update Eases Access to Your iCloud Digital Assets

Q. I’ve read a few of your articles on planning for digital assets and have found them to be very helpful. As a grandmother, I take tons of photos and have found that I am using the cloud more often to store them, important … [Read more...]

What Happens to Your Health Savings Account (HSA) After You Die?

Dear Angel, I contribute to a Health Savings Account regularly for prescriptions, medical appointments, supplies, and other medical expenses that aren’t otherwise covered. It ends up being a hefty amount after a while. What’s … [Read more...]

A Not So Happy Mistake Leaves Bob Ross’s Son with Nothing

  Star Trek fans will surely remember Lieutenant Uhura, the communications specialist aboard the Starship Enterprise. Her role was played by Nichelle Nichols, who is currently embroiled in a highly-publicized … [Read more...]

Critter Corner: Why Would You Revoke a Revocable Trust?

Dear Hayek, This question is more for curiosity than anything. I know that revocable living trusts can be revoked. How would someone go about doing so and why would they ever want to? Thanks! Reva Cabull --- Dear … [Read more...]

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