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SIMPLE ESTATE PLANNING ERRORS CAN BE VERY COSTLY AND MAKE THE ADMINISTRATION PROCESS DRAG ON INDEFINITELY
For peace of mind over what happens to your assets when you die, an experienced estate planning attorney is essential for navigating the inherently complex process. Given that even the smallest mistake can result in requiring a probate estate to be opened, holding up the entire process of distributing assets and causing unnecessary expense. Here’s a look…
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SHOCKING FACTS ABOUT THE STAGGERING COSTS OF LONG-TERM CARE FOR SENIORS
The costs of care for seniors are staggering. If you or a loved one experiences an illness or medical condition that requires long-term care—whether medical, personal, or financial—the costs can add up quickly. As with most things, it is far better to be prepared for these potential expenses than to be caught by surprise. Not…
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DIGITAL ASSETS — UNDERSTANDING YOUR DIGITAL ESTATE AND HOW TO PROTECT IT
In 2013, British computer engineer James Howell tried to get rid of some clutter when he decided to throw out an old computer hard drive he was no longer using. It was only after the city disposal crew had taken the drive to its local landfill that Howell remembered that he had stored 7,500 Bitcoins on the…
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HOW SHOULD YOU TALK TO YOUR PARENTS IF YOU SUSPECT THEIR FINANCIAL AFFAIRS ARE A MESS?
Perhaps your parents made a somewhat cryptic reference to their holiday plans or resisted an invitation to join you during an upcoming event. Maybe they seem to be cutting down on expenses. Or they’re going to the other extreme—giving you or your children gifts you think are too extravagant. Maybe you just can’t figure out…
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THE BIDEN ADMINISTRATION’S BIGGEST CHANGES TO TAX AND ESTATE LAW IN 2021: AN EXECUTIVE SUMMARY
With any new presidential administration come new financial priorities, and the Biden administration has been no exception. In 2021, we have some major overhauls to tax and estate law, including the expiration of many pandemic-related credit and assistance programs. Here, we’ll summarize some of the major tax and estate law changes for the year and…
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