Any collector of expensive items should carefully consider the benefits of consulting with a knowledgeable estate planning attorney about how to plan for these assets to exchange hands in the future. In many cases, your children may not be interested in the art collection that you have built up over time. If you have recently… Read More »
Posts Categorized: Assets
Why Do You Need to Pay a Professional Attorney to Assist You with Your Estate Planning?
There are plenty of times in your life where it makes sense to do a task yourself or to make decisions without consulting a professional. Sometimes services can be a scam or complete waste of money and you should avoid spending cash in these situations. However, there are many other situations where it makes complete… Read More »
Trusts and Asset Transfer Info for Your Estate
An irrevocable trust is something that is created during the grantor’s lifetime or to be enacted on his or her death in order to benefit others. There are several different situations upon which you may consider using a trust. These include: Generational tax planning. Having a child with special needs who is unable to care… Read More »
Remember These Tips If You Are Getting Remarried
Being married two or three times is becoming a more popular phenomenon than it ever was in the past. This can present unique challenges when it comes to estate planning, however. One of the biggest issues for any blended family and this new spouses, is to consider how assets will be preserved and protected for… Read More »
Five Tips for Protecting Your Family’s Inheritance
Imagine that you buy your best friend a birthday cake, but before you hand it to her, the bakers each take a slice of their own for their efforts. You’re left with little more than a sliver standing in your plate. For far too many American families, that is exactly what inheritance looks like. “The… Read More »
When Kids Go to College, Parents Ought to Update Estate Plans
When your children are little, the big concern in estate planning is making sure the right person will raise them if something happens to the parents. Moms and dads spend a lot of time thinking about the best person to appoint as a guardian in a worst-case scenario. But with the candles extinguished on the… Read More »