What To Do When You Want To Disinherit An Adult Child.

Most of our clients would never fathom themselves purposely disinheriting one of their children. However, sometimes, a parent decides to leave one child assets and another one absolutely nothing out of a loving intention. When advising parents on this issue it, we find it’s worth bringing up to them that any child discovering that he… Read More »

Do You Love your Pets more than your Kids?

Have you made plans for what happens to your “furry children” if you die or become incapacitated? Or are you just assuming someone will step in and give your animals the same level of care and attention that you do? Our clients love their pets! But sometimes they forget to do planning for their animals…. Read More »

Do Senior-Age Clients Need Prenuptial Agreements?

We’ve seen this scenario – or a similar one – many times at our law firm. A widower who lost his wife of 50 years gets remarried to a widow who lost her husband of 45 years. They attend the same church, share the same values and, in some cases, have the same circle of… Read More »

Soap Star’s Handwritten Will Challenged, Family Divided in Grief

Longtime daytime drama star Kristoff St. John passed away on Feb. 3. St. John played Neil Winters for nearly 30 years on CBS Television’s The Young and the Restless. The 52-year-old actor’s estate planning efforts are coming apart at the seams, according to several reports. Lawsuits and counter suits. Creditor claims, ex-spouses, and family disagreements…. Read More »

Avoid Confusion in a Crisis with Proper Planning

You might be doing everything you can do to help your aging parents. Often these decisions fall to one child, while other siblings are out of the loop for reasons of distance or other responsibilities. In some families you try to work by consensus, and at the same time, respect your parents’ wishes. This can… Read More »

Divorce Means Separating Estate Plans

During the dissolution of a marriage, it’s easy for our clients to become overwhelmed with all the changes that are happening. They become focused on the immediate problem of dividing financial or property assets and forget about estate and retirement plans that were made in the event of a debilitating illness or death. It’s our… Read More »

Planning For Long-Term Care Costs

Many of our clients feel uncomfortable discussing the risk of running out of money should they require living in a nursing home. As advisors, it’s our responsibility to help you understand just how expensive long-term care is, and that failing to plan for it jeopardizes your senior years and possibly creates an enormous financial burden… Read More »

Third-Party Special Needs Trust helps care for loved ones

Caring for children is a full-time job, especially when that child has special needs. To provide for the child, one of the most helpful trusts we recommend for our clients is the Third-Party Special Needs Trust. Federal law specifically authorizes this trust, which can provide for your child without penalty. This means that creditors have… Read More »

Revocable Trusts Provide Control and Protection

This article is Part 1 in a series that explores the various types of trusts that may benefit you. Today’s topic is revocable, or living, trusts. When it comes to control, protection and privacy, there is nothing better than a revocable trust as the centerpiece of your estate plan. Benefit 1: You Can Drive It… Read More »

Helping You Have ‘The Talk’ With Elderly Parents

It’s one of the most uncomfortable topics you may face, and one of the most important – discussing your parents’ financial situation. In many ways, it’s easier for parents to talk about the “birds and the bees” with their own kids than it is to talk with elderly parents about money. The latter conversations turn… Read More »