While rare, some family members fight over cash, stocks and other large assets after a relative dies. But some of the most bitter fights are over personal items and trinkets. More than half of lawsuits over inheritances involve items worth less than 10 percent of a person’s estate, according to an article on dailyfinance.com. That’s because …
Estate planning can be complex, especially when you own property in multiple states. This can raise various legal considerations, potentially complicate the probate process, and increase the administrative burden on your heirs. Understanding the nuances of managing such a diverse portfolio can help streamline the process and ensure your assets are distributed according to your …
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While many form a business entity for liability purposes, the fail to understand maintaining your corporation or Limited Liability Company (LLC) in Texas is a critical task that requires attention to detail and an understanding of state requirements. Many folks believe they can just file forms with the Secretary of State for Texas and then …
Several years ago, I had the pleasure of working with a wonderful and sweet lady in our office. Besides being a good attorney, she was always full of energy and smiling. After retirement, she and her husband moved to Pennsylviana to be close to family and enjoy grandkids. However, all that changed when she was …
When people think of estate planning, the first ideas that typically come to mind are of wills, trusts, powers of attorney, and guardianship arrangements. Traditionally, those instruments have been closely associated with estate planning simply because they are legal tools exclusively dedicated to helping people pass on their assets or otherwise ensure that loved ones …
Have you thought about the possibility that you or your loved one may someday move into a nursing home? How are you planning to afford the high cost of elderly care? It’s unfortunate that many seniors are paying the full price for nursing home care out of pocket, thus draining their hard-earned life savings within …
A family close to my heart recently experienced the loss of their second parent. The family includes an adult child with special needs. A family with a special needs child, even an adult child, faces unique challenges, so they need strategies that can help meet their family needs. I hope to share some useful information …
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There is No Such Thing as a Free Lunch I have address this topic several times in the past, but it is a continuing problem and one of my personal pet peeves. While in the past, many trust salesmen used the offer of a free meal to discuss a LIVING TRUST SEMINAR, today the preferred …
Most of us get together with our families at this time of year. It is a perfect time to make sure we communicate with our loved ones that we have a written plan and where to find it. A well-crafted, up-to-date estate plan will help to protect you and your family. Yet, Forbes reports that …
Believe it or not, we are at the end of November and as the year draws to a close, families and businesses face unique legal considerations that require careful attention. Ensuring that your affairs are in order before the new year can prevent complications, reduce liability, and position you for success in the months ahead. …
