In 2016, the legendary musician and actor Prince died of a fentanyl overdose. He left behind an incredible legacy, significant assets, many relatives, and, unfortunately, no will and no trust. It took six years and tens of … [Read more...]
Print This PageIs a Family Caregiver Entitled to Compensation from an Estate for Their Caregiving Services?
August 5, 2022 by
Q. I am the trustee of my parents’ trust. They have now both passed away. My brother helped perform minimal long-distance caregiving for them over the last five years, and he spent about a year and a half toward the end as a … [Read more...]
Print This PageCritter Corner: How to Make Siblings Feel Equal in Estate Planning
August 5, 2022 by
Dear Angel, Our adult children don’t get along very well. When we do estate planning, we want them to feel like they are equal, so more unnecessary strife does not occur when we are no longer around. What can we do to make them … [Read more...]
Print This PageProblems with Beneficiary Designations Part 2
June 3, 2022 by
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...]
Print This PageCritter Corner: Benefits of Naming a Trust as an IRA Beneficiary
June 3, 2022 by
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...]
Print This PageApril Is Organ Donation Month: What You MUST Do if You Are Considering Organ Donation
April 22, 2022 by
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...]
Print This PageWhat Your Loved Ones Want and Don’t Want May Surprise You!
April 8, 2022 by
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...]
Print This PageDivorce Rates for Couples 50 and Older Have Doubled Since 1990 — What This Means for Estate Planning and Medicaid Planning
March 15, 2022 by
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...]
Print This PageFarr Law Firm Now Filing Tax Returns for Our Clients
January 28, 2022 by
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...]
Print This PageApple’s New Right of Survivorship Update Eases Access to Your iCloud Digital Assets
December 17, 2021 by
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...]
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