|
|||||
 |
Are you young and healthy, but think you do not need to have an estate plan? Here are ten things you should probably do. Updating your estate plan is critical, especially after major life events. On Wall Street tells us the sad story of artist Thomas Kinkade, who failed to actually update his estate plan despite an apparent desire to do so. On Wall Street has the story: Legacy expert attorneys Danielle and Andy Mayoras [...] California has finally joined the majority of states and recognized the tort of intentional interference with expected inheritance (“IIEI”). This adoption was done by the California Court of Appeals based on the fact that the IIEI claim is consistent with other California laws, the fact that of the 42 states that have considered [...] JD Supra: “Estate planning should be focused on anticipating possible outcomes and structuring your affairs for the tax-efficient disposition of your assets to your loved ones. However, all too frequently we estate-planning practitioners find ourselves working with clients in a reactive situation, trying to salvage an acceptable outcome out of some missed opportunity. [...] Lawyers.com: “It’s official: Jacob and Sophia are America’s most popular baby names. Once you’ve settled on a name for your new bundle of joy, it’s not too early to make legal preparations as your child enters the world. … Jacob has been the No. 1 boy’s name for 13 [...] Huffington Post: “As an estate planning attorney, I am often asked to transfer clients homes into their children’s names. The reasons given for the request include a desire to avoid probate, reduce estate taxes and to protect the home in event of long-term care claims. These are certainly worthy objectives. However, transferring your [...] Forbes: “It never fails to amaze me that so many otherwise savvy individuals, many of whom have their financial lives otherwise buttoned-up, use poor judgment (or no judgment) when it comes to their estate planning. The list of major estate omissions and poor choices is almost infinite. Here are some of the mistakes [...] RGJ.com: “George Bernard Shaw said “Marriage is an alliance entered into by a man who can’t sleep with the window shut and a woman who can’t sleep with the window open.” Like marriage, estate planning takes work — optimism, contingency planning and adjusting. I want to share some of the pitfalls [...] Asset protection attorney Jay Adkisson writes in Forbes: “For some reason, planners are compelled to title things in their client’s names. Be it the John Doe Trust or the John Doe LLC, or even the John Doe Family Limited Partnership, client’s names are showing up in legal documents that are publicly filed or [...] Mansfield Patch: A wise man once said, “If you don’t die before retirement chances are pretty good you’ll die sometime afterwards”. And while we all know and understand that death is a sad fact of life, we sometimes put off making decisions that will help our loved ones after we’re gone.
Forbers: Applying Murphy’s Law, “If anything can go wrong, it will,” to estate planning is crucial because in this case when something does go wrong, it goes very wrong and you aren’t around to fix it. Murphy’s Law at first glance appears to be overly pessimistic but the original intention of Capt. Edward [...] Online Athens: I want to highlight some of the most common estate planning mistakes I think people routinely make (knowing that I can’t possibly cover them all in one column). You will notice that I’m not going to discuss the estate tax beyond saying that very few people are subject to it and [...] Florida Estate Planning Lawyer Blog: I recently receive a copy of Quicken Willmaker 2009. I have previously written about many articles about the unintended results that occur with Do It yourself and Free Estate Planning Documents created by individuals without the advice of counsel and the problems with online document preparation services like LegalZoom and [...] Examiner.com: One of the biggest mistakes Nicole Middendorf, CDFA sees people make is spending a lot of money getting divorced and then once the divorce is over, they don’t change their beneficiaries on their 401k, IRA’s, or even their will/trust. Once your will is written, you can not just ignore it. It is extremely important [...] Forbes: “Unlike financial assets, which can generally be divided easily amongst heirs, tangible personal property is unique. And the complexity of distributing a lifetime’s worth of possessions is something that many people overlook. Families have been torn apart over everything from ownership of a valuable painting, the grandfather clock and the gun collection, [...] |
||||
|
Copyright © 2009-2013 C Arizona Wills & Trusts, LLC - All Rights Reserved | Disclaimer Powered by WordPress & Atahualpa |
|||||
Follow KEYTLaw