All Posts Tagged Tag: ‘will’


Legal Checklist for Parents

It’s that time of year again. Vacation time is over and the kids are going back to school. You’ve done all sorts of things to prepare them for their first day and fought the traffic to get them there on time. They walk away with lunchbox in hand, barely realizing they are entirely dependent on you for everything they have.

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Your Second to Last Will: The Benefits of Using Living Trusts

As the saying goes, one should hope for the best but plan for the worst. Some of our clients come to us asking for a “simple will”, because they want to leave “everything to their spouse and then to their children equally” and they hope for the best. Our job is to plan for other possibilities and that means recognizing that death may not be the worst case scenario.

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I Just Need a Simple Will…

Friends, this just is not ever the case. We love simple and elegant solutions to complex problems as much as anyone, but the cold, hard truth is that no mere Last Will & Testament can provide for all the legal and financial challenges our loved ones will face upon our death or incapacity.

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Holding Title to Assets as Joint Owners…

Holding title to assets as joint owners with rights of survivorship might avoid probate but, among a host of problems it could create, the property could still be tied up in a guardianship if one of the owners becomes incapacitated. Recommend on Facebook Share on Linkedin Tweet about it Subscribe to the comments on this post

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Paying for Grandchildren’s Educational Expenses

Paying for a grandchild’s educational expenses can be a very tax-efficient and asset-protected way to transfer wealth that would otherwise be subject to estate tax, plus an additional generation skipping tax. You can give $65k ($130k if married) to a 529 plan every five years, and you can give an unlimited amount if paid directly to a qualified educational institution. […]

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