Estate Planning Blog - Shaw & Nelson, PLLC

What Is a Trust and How Does It Work?

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.

04/01/22 • by: Shaw & Nelson, PLLC

Can I Add Children’s Names to my House Deed?

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.

04/01/22 • by: Shaw & Nelson, PLLC

Can I Split My Inheritance with My Sibling?

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.

04/01/22 • by: Shaw & Nelson, PLLC

What Can I Do Instead of a Stretch IRA?

Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.

03/31/22 • by: Shaw & Nelson, PLLC

Cryptocurrency and Estate Planning: What Executors Need to Know

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?

03/31/22 • by: Shaw & Nelson, PLLC

How Do I Set Up an Estate Plan to Help Grandchild with Special Needs?

Estate planning is not a requirement. No one can force you to make your will, create a power of attorney or to own your property in a way to avoid probate. As a result, people too often let common estate planning excuses stand in their way.

03/11/22 • by: Shaw & Nelson, PLLC

When Should I Update My Estate Plan?

Getting your estate plan in place is never a ‘one and done’ task. Estate planning is an ongoing process and should be viewed that way.

03/10/22 • by: Shaw & Nelson, PLLC

Do I Need an Attorney for Probate?

A competent elder law or estate attorney can discuss and use, where appropriate, such provisions as the family exemption, benefits to prepaying inheritance tax, even where the tax return is not yet complete and a listing of itemized deductions.

03/09/22 • by: Shaw & Nelson, PLLC

What Women Need to Know About Finances After Divorce

The early part of the year is often referred to as “divorce season,” since it’s a popular time for couples to part ways. Regardless of when it happens, divorce is a significant time of change for women in many aspects, especially when it comes to their finances and money management.

03/08/22 • by: Shaw & Nelson, PLLC

Does Marriage have an Impact on a Will?

Being married is significant both for a married person’s lifetime estate planning and subsequent administration of the estate at death. Important rights and responsibilities exist between married persons.

03/08/22 • by: Shaw & Nelson, PLLC

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Tiarra Abell

February 10, 2022.

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!!

Shaw & Nelson, PLLC

What Is a Trust and How Does It Work?

Can I Add Children’s Names to my House Deed?

Can I Split My Inheritance with My Sibling?

What Can I Do Instead of a Stretch IRA?

Cryptocurrency and Estate Planning: What Executors Need to Know

How Do I Set Up an Estate Plan to Help Grandchild with Special Needs?

When Should I Update My Estate Plan?

Do I Need an Attorney for Probate?

What Women Need to Know About Finances After Divorce

Does Marriage have an Impact on a Will?

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