Virtually everyone needs an estate plan, but it isn’t a one-size-fits-all proposition. Even though each person’s situation is unique, we do have general guidelines depending on your current stage of life. The early years If you’ve recently embarked on a career, gotten married or both, now is the time to build the foundation for your […]
Time passages: Estate planning through the years Read More »
When drafting your estate plan, you and your attorney must account for what happens to your children and your assets after you die. But your plan must also spell out your wishes for making financial and medical decisions if you’re unable to make those decisions yourself. A crucial component of this plan is the power
What’s the difference between the two types of power of attorney? Read More »
If you’re divorcing, it’s important to review your estate plan as early as possible, for two reasons: First, you may wish to revise your plan immediately to prevent your spouse from inheriting or gaining control over your assets if you die or become incapacitated before the divorce is final. Second, although a divorce judgment or
Why you need to review your estate plan after divorce. Another reminder. Read More »
Protecting assets from your creditors is often a critical aspect of estate planning, but you need to think about more than just your own creditors: You also need to consider your heirs’ creditors. Adding spendthrift language to a trust benefiting your heirs can help safeguard assets. Spendthrift language explained Despite its name, the purpose of
Asset Protection for your Heirs: add spendthrift language to safeguard assets Read More »
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The Estate Planning Utility Infielder: A Revocable Living Trust Read More »
In 1958 J. Paul Getty was the richest man in the world. He even had his own listing verifying it in the Guinness Book of World Records. He was from wealth, his father was a successful wildcat oilman, J. Paul took over the old man’s business and expanded it to heights no one could have
The Codicils of J. Paul Getty Read More »
What to do About Larry? So, I’m working on the Frank and Marilyn Buckman estate plan. You remember them from the last post. And you’ve probably figured out the reason they look familiar is they are the Buckman’s from Parenthood.( the Ron Howard film, not the TV Series), one of my top 5 favorite movies.
What to do About Larry Read More »
If you’ve been watching FX’s The People v. OJ Simpson – it’s mesmerizing despite having lived through it – you couldn’t help but be struck by the scene where a distressed Juice is getting ready to turn himself in. He’s high on a pill cocktail, off the rails upset at the prospect of no bail
The People vs OJ Simpson and Estate Planning Read More »
Joe Meador was a lieutenant with the 87th Armored Field Artillery Battalion. They landed at Normandy on D-Day, fought through France, Belgium, deep into Germany. In April, 1945 – the waning days of the war – they arrived in the formerly idyllic town of Quedlenburg, home of the Quedlenburg Abbey, built by Otto the Great
Estate Planning: Holes in the Desert Read More »
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