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Estate Planning

Wednesday, July 23, 2014

Estate Planning: Beware of "Simple" Estate Plans.


Beware of “Simple” Estate Plans

“I just need a simple will.”  It’s a phrase estate planning attorneys hear practically every other day.   From the client’s perspective, there’s no reason to do anything complicated, especially if it might lead to higher legal fees.  Unfortunately, what may appear to be a “simple” estate is all too often rife with complications that, if not addressed during the planning process, can create a nightmare for you and your heirs at some point in the future.   Such complications may include:

Probate - Probate is the court process whereby property is transferred after death to individuals named in a will or specified by law if there is no will.
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Friday, January 10, 2014

Do I Really Need Advance Directives for Health Care?


Do I Really Need Advance Directives for Health Care?

Advance directives for health care, as well as an estate plan including a will, are essential for every individual, regardless of their age.  For more information on setting up an estate plan and an advance directive for health care, contact the Read more . . .


Friday, March 15, 2013

6 Events Which May Require a Change in Your Estate Plan


Creating a Will is not a one-time event. You should review your will periodically, to ensure it is up to date, and make necessary changes if your personal situation, or that of your executor or beneficiaries, has changed. There are a number of life-changing events that require your Will to be revised, including:

Change in Marital Status: If you have gotten married or divorced, it is imperative that you review and modify your Will. With a new marriage, you must determine which assets you want to pass to your new spouse or step-children, and how that may relate to the beneficiary interest of your own children. Following a divorce it is a good practice to revise your Will, to formally remove the ex-spouse as a beneficiary.
Read more . . .


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