Survivorship Requirement – What If My Beneficiaries Pass Away?

When thinking about the purpose of a will, many only consider the process of smoothly passing assets to their beneficiaries upon their death. But, what happens if your beneficiaries die only a few days after receiving your assets? As terrible as it sounds to even Read More …

Estate Essentials: What Do I Include in My Explanatory Letter?

When most people think of a will, likely the first thing that comes to mind is a set of instructions or wishes about how one’s assets should be distributed after their death. While this is certainly an integral part of any will and therefore, estate Read More …

What Will Happen With Jeffrey Epstein’s $577 Million Estate?

Where Will Jeffery Epstein’s Million Dollar Estate Go? On August 8th, Jeffery Epstein signed his will– and then committed suicide two days later. Epstein, a financer and registered sex offender, was being held in a Manhattan jail cell based on sex-trafficking and conspiracy charges that Read More …

What Happens to My Pets When I Die?

Although a reality in the popular Disney film the Aristocrats, where a wealthy woman leaves her entire estate to her cats, by law, pets can neither inherit nor own property. Legally speaking, pets in fact themselves are considered property, and just as you draft an Read More …

What A Will Will NOT Do

Without a doubt, a will is an important component of any estate plan. It’s primary use is for the testator to express their wishes as to how their assets will be distributed to their loved ones after death as well as name an executor to Read More …

Gift Tax Basics: Do I Owe Taxes When Someone Gifts Me Money?

It’s fairly unanimous that receiving a gift, especially in the form of cash, is a great feeling. You don’t have to pay anybody back, and you can do whatever your heart desires with the funds. Unfortunately, while most people agree on the joy of receiving Read More …

Estate Essentials: Are There Risks in Estate Planning?

Most people know that estate planning is the most effective way to transfer you assets to loved ones after you pass. There are many things at stake, including your loved ones financial security or even familial peace regarding the distribution of your assets, which makes Read More …

Elder Law Essentials: Mistakes to Avoid In Elder Planning

One of the benefits of hiring an attorney to draft your estate plan is that the law is highly nuanced, and only a licensed professional will be able to ensure that you have the most comprehensive plan possible. Oftentimes, however, people opt to draft the Read More …

What You Should Know About Taxes in Estate Planning

Just as they do during life, taxes affect you even after death. When drafting your estate plan, you should know how taxes will affect your assets once they are passed down. Having a properly structured estate plan will ensure a peaceful transfer of assets and Read More …