It is fairly common for young adults, even those with professional careers at thirty or older, to feel they are too young to plan their estate. Young adults in their twenties and thirties often think they don't own enough to…
Currently, my uncle is in the hospital, and I must pay his bills. Back in 2002, he named me as his financial power of attorney, so I could write checks on his bank account when he couldn't, like now. But…
If you want to leave property to your children, it makes the most sense to divide everything equally. That is the straightforward choice when all your children are doing equally well. But if not – if, for example, your son…
The federal estate tax exemption allowance seems to be at risk of being reduced, and so it may be a good idea to reevaluate your estate plan. Senate Democrats are proposing to lower the current estate tax exemption from $12.06…
Family disagreements about a parent’s end-of-life care and inheritance can get so serious they may end up in a legal filing and court case. You can take steps moving beyond the possibility this might happen and create (or amend) your…
The World Health Organization (WHO) officially named the 2019 Coronavirus outbreak on February 11, 2020. The coronavirus disease 2019 shortly after became known by its abbreviation, CO for corona, VI for virus, D for disease, and 19 for the year…
Cryptocurrency is a digital asset and as such needs to be addressed differently than traditional estate planning assets. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and non-currency blockchain tokens. If you own any of…
There are many overlapping issues regarding real estate ownership, transactions, and estate planning, such as asset protection and tax consequences. Creating an estate plan to work seamlessly with your real estate interests can save your inheritors time, frustration, and money…
Trusts are not exclusive to the wealthy, anyone can benefit from setting up a trust. Do you want to keep your affairs private and stay out of probate court? Maybe you have stepchildren? Do you want to leave money to…
Many elderly Americans suffer from Alzheimer’s disease, a progressive neurologic disorder marked by a steady decline in cognitive, behavioral, and social skills. Initial symptoms are often mistaken for normal aging and include problems with language, mood swings, disorientation, loss of…