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Robin Williams’ Estate Plan

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  Robin Williams' untimely death came as a shock to the world this past August.  As devastating as an unexpected, sudden death can be for the family, the need to settle the estate only adds to the stress of an already overwhelming situation. However, having an estate plan in place reduces the uncertainty and unknowns for the grieving family members, since the deceased person has already documented … [Read more...] about Robin Williams’ Estate Plan

Who Should Be the Executor of Your Will?

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  It is important to take the time to decide who should be the executor of your estate upon your death, and your power of attorney if you become incapacitated.  Once you make these decisions, determine who should be the back-up in case your first choice is not available.  Usually, you can think of one person you trust and more likely than not you have even thought about who that person should be … [Read more...] about Who Should Be the Executor of Your Will?

Privacy in Estate Planning

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  In these times of technology and security breaches, our personal privacy is a top concern.  If you choose a Last Will and Testament as your estate planning document, or you choose not to create an estate plan at all, and you pass away, do you realize that private, personal information will be revealed to the public?  Most people don’t, however that may be exactly what will happen in a process … [Read more...] about Privacy in Estate Planning

What Happens to Tangible Personal Property When Settling an Estate

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 Part of the process when settling an estate after someone has died is to consider their tangible personal property, i.e. furniture, jewelry, china, crystal, artwork, electronics, and vehicles.  The first duty of the representative of the estate is to obtain an appraisal of these items.  The appraisal is needed to determine the value of the property before distribution and taxes can be considered … [Read more...] about What Happens to Tangible Personal Property When Settling an Estate

Why Traditional Estate Planning May Not Be the Answer

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   Most estate planning lawyers, accountants, and financial advisors in the field of traditional estate planning are taught only two things: protect the clients’ material wealth from the evils of probate and taxes.  Now let me ask you, just as a reality check, how do most people actually plan their estates?  In our experience, they either do nothing or they create a simple Will, to look after a … [Read more...] about Why Traditional Estate Planning May Not Be the Answer

“Guardianship Provisions are Essential to an Estate Plan”

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An important part of a comprehensive estate plan is the designation of a guardian for minor children in each parent’s Last Will and Testament.  Without such a designation, a court will decide who will care for your children in case of your death or incapacity. When meeting with an attorney to create your estate plan, you will want to discuss who will take care of your child or children if you … [Read more...] about “Guardianship Provisions are Essential to an Estate Plan”