Parents dread having the “talk” with their kids about sex and, likewise, kids dread having the “talk” with their parents about finances and last wishes. However, although uncomfortable, it is necessary to avoid the stress and expense of an ugly probate matter.  When talking to your parents, use empathy and allow them to decide their...Read More

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As this article states, some people think that “If I make a WIll, I am going to die.”  Obviously, this couldn’t be further from the truth.  If you get car insurance, you are not affirming that you are now going to get into an accident. Likewise, if you get house insurance you are not affirming...Read More

Everyone has an estate and everyone, regardless of age or net worth, needs a plan. You have loved ones that depend on an orderly transition and it is critical to protect their interests.  In addition, planning is not a one-time event, it evolves and changes as your life circumstances change.  Look at the plan and...Read More

“Alzheimer’s, widowed stepmothers and estate crime are the three biggest causes of inheritance messes” according to estate and trust attorney Michael Hackard.  It is a high bar proving lack of capacity or undue influence.  Moreover, it is a low bar for one to have the capacity to sign or modify a Will (usually a higher...Read More

Does inheriting wealth rob children of motivation and purpose?  While most would want the best for our children and loved ones, how can the proper balance be struck between providing opportunity and enabling apathy?  Benchmarks to meet or achieve before having access to inheritance can work for some to perhaps stoke motivation in children.  However,...Read More

While most are concerned about whom their money and large assets will go to, the largest source of estate conflict is from tangible personal property; photos, jewelry, artwork, sentimental items, and collectibles. Many wills are solely written in percentage distributions (i.e. 50% to son, 50% to daughter) To alleviate this problem, attach a memorandum to...Read More

https://www.forbes.com/sites/abbyschneiderman/2019/04/17/estate-planning-you-should-be-doing-and-when-you-need-to-be-doing-it/#cf01bb541dcdRead More

https://www.usatoday.com/story/money/2019/04/01/estate-planning-living-will-preparing-financially-illness-death/3305264002/Read More

A great example of why you should consider your adult beneficiaries own marginal tax rate before making equal percentage distributions as beneficiaries pay taxes on inherited assets from tax-deferred accounts. https://www.kiplinger.com/article/retirement/T021-C032-S014-equal-shares-for-heirs-take-taxes-into-account.htmlRead More