If you have a parent over the age of, say, 65, thoughts about their future may have started to creep into your mind. But because end-of-life planning can be emotional and overwhelming, it’s tempting to put these conversations off — and even more pleasing to avoid them altogether. If there’s a lesson to be learned from the pandemic, however, it’s that waiting until the last minute to prepare is seldom a good idea.
Who’s going to inherit on the death of one of the re-marrieds? Will this be the surviving spouse? If so, where will those inherited monies go on the second-to-die’s death?
Out of sight, out of mind isn't just an everyday adage—it's one of the reasons why people 50 and over fail to write a will, update a previous one, or make other estate planning decisions.
Trusts are often associated with the rich. However, the uber-wealthy are not the only people who can benefit from using trusts. There is no minimum asset level or net worth required to set up a trust, and you can put any amount of money into a trust.
It’s true that if your child is on your deed as a joint tenant on your home, your home will not have to go through probate if your child survives you. At your death, your surviving child would immediately become the sole owner of your home without probate and with minimal transfer costs.
In order to give your brother half of the assets in the IRA, you will have to liquidate a portion of the account and pay the taxes on the liquidated amount if it’s a traditional IRA.
My dad is investing in cryptocurrency! I know nothing about it and, frankly, I am not interested in learning. I think it is a passing fad. When he dies and I am responsible for the distribution of his estate to my siblings, do I need to address the crypto?
This office is quite wonderful and Tia is the best! Before I contacted Tia, I felt as if I was out of options and there wasn't anything I could do. She more than helped me with my case, but was extremely supportive throughout the process. I would highly recommended this practice and Tia! I will always seek out her legal counsel!!
Isaac Wilson
February 2, 2022.
Lee and team are great!
Sara Hernandez
February 2, 2022.
Down to earth and caring. These attorneys are compassionate and understanding. I would highly recommend them.
Leslie Miller
February 2, 2022.
Great attorneys and staff, very patient and caring.
Jennifer L Vaughn
February 2, 2022.
I have to say I’ve dealt with a few lawyers over the years, however most of the time, they are too busy and do not necessarily give you the time, that may be needed to go over everything. Mr. Lee Shaw, well he was willing to go the extra mile for me. He took the time to go over every single detail in arranging mine and my mothers wills, and also the POA for my mom and her estate. His staff especially Shannon, is fantastic, very amiable and astute! If I could give more stars I absolutely would, 5 stars is not enough!!
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