Common Estate Planning Mistakes

Common Estate Planning Mistakes (Part 2) Regardless of your financial position, making sure that your assets are transferred smoothly after your death is something that everyone should consider. How your estate planning documents are prepared will play a significant role when it comes to safeguarding Read More …

Wills & Prenups – Which Takes Priority?

A prenuptial agreement, or prenup, is a written contract created by two people before they get married. Prenups usually include debts each person may have, properties owned by both people, and rights both people will have after marriage. If the married couple has kids, a Read More …

Will My Advance Directives Be Valid In Other States?

What happens if you suddenly experience a casualty or severe illness that leaves you paralyzed and/or unable to communicate? How can you ensure that your wishes about your medical care are known to not just your loved ones, but to your medical personnel? Fortunately, estate Read More …

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 …