You’re probably shocked that your child is old enough to be in college, let alone need an estate plan. Shocking, but true. Each and every person, age 18 and older, needs an estate plan. It’s likely that your college student’s estate plan will be very basic, but it’s important nonetheless. Your child needs his own estate plan because, legally, he is an adult. This means that you are unable … [Read more...] about Your College Student Needs His Own Estate Plan Before He Goes Back to School
So You Want to Create Your Own Estate Plan? (part 2 of 2)
If you’re thinking about saving some cash and creating your own estate plan, you should carefully think this decision through (and don’t try it.) You likely want to make sure that you have an estate plan that is valid and meets all of your needs. If you create your own plan, there is room to make mistakes. Take a look the information below, to better understand the importance of working with an … [Read more...] about So You Want to Create Your Own Estate Plan? (part 2 of 2)
In this world nothing can be said to be certain, except death and taxes
“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes. “ -Benjamin Franklin in a letter to Jean-Baptiste Leroy (13 November 1789) While decades have passed, some things have not changed. Now more than ever it is important that you have done all that you can to protect your home and … [Read more...] about In this world nothing can be said to be certain, except death and taxes
So You Want to Create Your Own Estate Plan? (part 1 of 2)
With the current economic situation, many people are looking to save money, including on the costs of creating an estate plan. Are you thinking about creating your own estate plan? While it may seem like a great idea now, it could create many problems in the future. Take a look at the information below, to better understand the need for professional estate planning services. If you have any … [Read more...] about So You Want to Create Your Own Estate Plan? (part 1 of 2)
Amy Winehouse Updated Her Estate Plan: So, Her Plan Worked
A bit of good news amongst the tragedies of Amy Winehouse’s drug and alcohol induced life and death: Amy’s estate plan will do what she wanted it to do. After her divorce, she sought legal counsel and changed her will to benefit her parents and her brother to the tune of approximately $16.8 million dollars. If she hadn’t updated her will, her jailed ex-husband would have received the … [Read more...] about Amy Winehouse Updated Her Estate Plan: So, Her Plan Worked
Elizabeth Taylor’s Estate Could Exceed $1 Billion – Much of It Could Benefit AIDS Charities
Hollywood legend Elizabeth Taylor will be remembered for many things: her stunning violet eyes, her multiple marriages, her film accomplishments, and the success of her perfume and jewelry businesses. But Ms. Taylor may be remembered most of all for her philanthropy, especially relating to the fight to find a cure for AIDS and to end discrimination against those afflicted. Much of the … [Read more...] about Elizabeth Taylor’s Estate Could Exceed $1 Billion – Much of It Could Benefit AIDS Charities
The Golden Girls Estate Planning Observations
Need a good laugh? Watch reruns of the Golden Girls. The show offers good entertainment and many great estate planning observations as well. Home sharing is a great option for older folks. It provides companionship, financial support, and house-hold task sharing. Blanche shares her Miami home with Rose, Dorothy, Sophia, and Blanche. The elderly have to deal with divorce … [Read more...] about The Golden Girls Estate Planning Observations
Things to Consider Before Starting Your Estate Plan
During the process of creating your estate plan, you will be forced to make difficult decisions. It’s important to take the time to think about your decisions carefully. Take a look a look at the following list so that you know what you’ll need to consider before starting your estate plan. If you have any questions, please consult with an estate planning attorney. What do you want to … [Read more...] about Things to Consider Before Starting Your Estate Plan
How to Choose a Guardian for Your Special Needs Child
Parents of young children face a great challenge when they’re forced to select a guardian for their children. This process can be especially difficult for parents of young children who have special needs. If you’re having a hard time making this difficult decision, take a look at the following tips. With proper care and planning, you will be able to make the best choice in naming your guardian. … [Read more...] about How to Choose a Guardian for Your Special Needs Child
4 Reasons for an Estate Plan Review
If you’ve already created an estate plan, you’re well on your way to a secure future. After creating an estate plan, it should be reviewed every 3 to 5 years. However, your plan may need to be reviewed sooner. Take a look at some of the reasons you may need to review your estate plan. If you have any questions or if you’d like to review and update your estate plan, meet with an estate planning … [Read more...] about 4 Reasons for an Estate Plan Review
