How to distribute assets to beneficiaries isn’t always a simple decision. Not only do you want to consider how best to distribute assets, but you also want to consider how and when beneficiaries should be able to access inheritances and then ensure this is all documented in your estate plan. A...

If your named beneficiaries are Millennials—born between 1981-1996—you may want to consider three essential points about your trusts, as explained in the recent article “Trusts For Your Millennial Beneficiaries” from The Street. They’re different from their parents and grandparents, and disregarding these differences is a missed opportunity. This generation’s distinguishing characteristics and...

The triggers for these changes concerning Parkinson’s Disease aren’t completely clear. However, they are most likely secondary to an interaction between genetic and environmental factors. There are several theories about what initiates the changes of PD, and inflammation or toxins have been suggested. Very Well Health’s recent article entitled “Causes and Risk...

The largest-ever generational wealth transfer is here: more than $68 trillion is flowing from baby boomers to their adult children. MarketWatch’s recent article entitled “When it comes to estate planning ‘you have to get to the core emotional issues’” says financial advisers and estate planning attorneys have helped their aging clients shift...

This situation requires considered estate planning to protect the arrangement, both for the parent and child, in the event of the parent’s incapacity and what may happen, if and when the parent needs to move to a care facility and/or passes away. If the child is caring for the parent at the parent’s home, the...

It’s not always obvious which type of trust is the best for an individual, says a recent article titled “Which is Best for Me: A Revocable or Irrevocable Trust?” from Westchester & Fairfield County Business Journals.

In a revocable living trust (RLT), the creator of the...

The first two essential estate planning documents are the durable power of attorney for legal and financial matters, followed by a healthcare power of attorney. Next is the last will and testament.  However,unlike the first two, the last will is not used until after death, explains the recent article titled “Completing...

Laws about intangible assets used to be a legal niche practice area. However, today’s estate planning attorney addresses digital assets as much as tangible assets, according to the article “How to Start Digital Estate Planning in 2023” from yahoo! Social media, emails, websites, photos and even the contents of a hard...

When someone dies without having updated their estate plan for many years, the executors often face a difficult task of administering a disorganized and incomplete estate. At best, the executor needs additional time and resources to organize the estate. At worst, says a recent article titled “Estate plans require maintenance” from...

Despite the hard lessons learned during the COVID pandemic, surveys repeatedly show most Americans still don’t have an estate plan in place. According to the article “Five benefits of estate planning” from The Aspen Times, a comprehensive estate plan ensures your assets are distributed according to your wishes when you die,...