Great points in this short article. “An estate plan is the best love letter you can write to those you love.” Without one, “a court could end up deciding who takes care of your kids, state law determines who inherits your stuff, and the distribution may not be as you would want.” In terms of...Read More
The data according to Caring.com shows that “a majority of people believe estate planning is important, but a low number of people actually have documents in place which likely indicates a lack of education and familiarity with the process.” Even more startling, according to the survey, is that “in 2017, almost half (42%) of all...Read More
Doing nothing may be disastrous according to your state’s intestacy laws. See what may happen if you are married and have children from a prior relationship, or if you die and had an unmarried partner. https://www.marketwatch.com/story/you-need-to-make-a-will-now-more-than-ever-2020-04-23Read More
Oh my, how things can change in a matter of a few days. Only a few weeks ago, the Coronavirus or Covid-19 seemed like a problem for China and Italy. Never in a million years did any of us think it would have such a dramatic effect on our day to day lives. We’ve gone...Read More
In this segment, I talk about estate planning, why it is important for women to be involved in the planning process, the top reason why a plan would fail, why you want to pay a professional, and the SECURE Act.Read More
Commit to Planning now and receive the best planning at the best prices of the year! https://agency-legacy.s3.amazonaws.com/sites/adsd_dev/email-temp/wvtv/Watson_Law/op_id_15125/index.htmlRead More
Great practical tips from litigated experiences. Best to leave adjustment provisions (provisions that try to balance inheritances due to outstanding inter-family loans, etc.) out of a Trust or Will, and update it at frequent intervals instead. Moreover, ask your attorney about their practical experiences, i.e. best practices to avoid estate plan failing disputes. https://www.americanbar.org/groups/senior_lawyers/publications/experience/2019/july-august/tips-avoiding-conflict-arising-your-estate-plan/Read More
Wisconsin, like The Revised Uniform Fiduciary Access to Digital Asset Act, establishes of a “three-tier priority system of user direction for disclosure of digital property as follows: 1) an online tool; 2) any other governing instrument (estate planning documents); and 3) the above directions override a contrary provision in a terms-of-service agreement that does not...Read More
Tip to personal representatives and trustees of estates: Do not pay the debts of the decedent randomly or from your own pocket. There is a statutory order of priority when it comes to paying debts and some debts of the decedent may not have to be paid. Marshall the estate assets first and do not...Read More
