This article examines the transfer of frequent flyer mile accounts to beneficiaries. It looks at Anthony Bourdain’s will and its disposition of his miles. The article points out that these are contractual rights and you may or may not be able to transfer them at death. "Planning for Frequent Flyer Miles" by Attorney Alexander M. Pagnotta Frequent Flyer miles and other reward points can be … [Read more...] about Planning for Frequent Flyer Miles
What Does Estate Planning Mean?
"What Does Estate Planning Mean" by Attorney Jon J. Gasior Estate planning is a broad term that encompasses planning during lifetime and at death. It is first important to understand, what is an estate? Broadly speaking, your estate is everything you own during lifetime and at death. This means: Real estate Retirement accounts (IRAS, 401ks, TSP, 403b, etc) Annuities Cash … [Read more...] about What Does Estate Planning Mean?
Aretha Franklin’s Estate Plan vs John McCain
"Aretha Franklin's Estate Plan vs John McCain" by Attorney Jon J. Gasior In recent weeks, the US lost two major figures in the US public spotlight, Singer Aretha Franklin and Senator John McCain. They will long be remembered for their contributions to their fields for decades to come, and are both leaving behind valuable lessons in estate planning. Aretha Franklin died with a net worth of … [Read more...] about Aretha Franklin’s Estate Plan vs John McCain
Incapacity Planning
"Incapacity Planning" by Attorney Alexander M. Pagnotta (Audio) We don’t expect to become incapacitated. Nobody wants to be unable to manage their affairs. But, each year countless people become unable to manage them. For some, it’s a temporary illness or injury which removes their ability to function, such as a medical procedure. Others become unable to manage their own affairs due to … [Read more...] about Incapacity Planning
Trusts for Privacy
Trusts have many uses. Perhaps the most important is that they can provide privacy at death. Garry Shandling is thought to have used a trust to provide privacy for those he left behind. "Trust for Privacy" by Attorney Victor A. Lembo "Trust for Privacy" by attorney Victor A. Lembo Trusts are a very valuable tool when planning your estate in order to provide structure for who will be in … [Read more...] about Trusts for Privacy
How to Make a Plan to Protect Your Pets
Estate planning attorneys help you to make sure your family members are provided for and cared for even if something happens to you and you are not there to be able to provide care yourself. When you make your estate plan, you don't want to forget your animal family members. If you have dogs, cats, any other domestic pets, or any animals who depend upon you, you need to consider what will happen … [Read more...] about How to Make a Plan to Protect Your Pets
The Importance of Advanced Directives
"The Importance of Advanced Directives" by attorney Colleen Sinclair Prosser The attorneys at Sinclair Prosser Gasior can help you to identify and make use of legal tools that will allow you to protect your future. One of the many important things that you need to think about is what will happen if you get sick and cannot make medical decisions on your own. While no one likes to think about … [Read more...] about The Importance of Advanced Directives
When a Will Isn’t Enough
"When a Will Isn't Enough" by Attorney Jon J. Gasior (Audio) Estate planning attorneys help you to prepare a legally valid last will and testament. When most people think of estate planning, a last will and testament is the first thing that comes to mind. A will can be an effective and powerful tool that gives you control over who inherits your money and property, but unfortunately creating a … [Read more...] about When a Will Isn’t Enough
Why is the Titling of Assets So Important?
"Why is the Titling of Assets So Important?" by Attorney Jon J. Gasior In estate planning the titling of assets is often the most important consideration of how those assets will be distributed upon death. If you have not taken time lately to review how all of your assets are titled and how beneficiaries are designated, it can be a useful exercise. Let’s look at a few examples: Brother … [Read more...] about Why is the Titling of Assets So Important?
Powers of Appointment Part 2
"Estate Planning Basics: Powers of Appointment Part 2" by Attorney Nicole Livingston This blog will examine how powers of appointment they can impact taxation. From a gift and estate tax perspective, there are two kinds of powers of appointment, a limited power of appointment (or “LPOA”), and a general power of appointment (or “GPOA”). They can cause dramatically different gift and estate … [Read more...] about Powers of Appointment Part 2
