In brief, one of the world’s richest power couples is divorced. The public eye watched to see how the Bill and Melinda Gates divorce unfolded. Sources say they did not have a prenuptial agreement (prenup) in place. It appears that they did have a postnup. That was used as a guide for the uncoupling process will...
Have you heard of SLATs? A Spousal Lifetime Access Trust (SLAT) is a type of trust for married couples that allows for one spouse to remove assets from the combined marital estate while preserving access to those assets for the other spouse during his or her lifetime. Let us take a closer look at SLATs and...
Are Elder Law Medicaid Provisions in Your Estate Plan? When it comes to planning for nursing home care, do not go it alone. A qualified elder law attorney can help you choose wisely among the available options, ensure you understand what each option costs, and determine if steps can be taken to shield life savings from...
Have you considered DIY estate planning? Many people may believe that it is better to have a basic estate plan than no plan at all, whether it is based on an online template or completely DIY. DIY estate plans that are drafted without the right legal advice, however, can force a wide variety of unintended consequences....
Do you have a canine companion or other beloved pet? If so, you may worry about what will happen if you pass away before he or she does. This worry can be even more acute if you have a pet with a longer life expectancy, like a cat or a reptile. Rest assured that there may...
Have you considered potential tax changes that may impact your estate planning? Every new administration comes with potential tax changes that could impact your estate planning. With a new president having taken office, it can be important to look to the tax task force proposals to see what changes might be underway. It is prudent to...
Remarriage can mark an exciting new chapter in life. It can also, however, create some tricky estate planning after remarriage issues. Have you considered how you can assure your assets end up where you want them after your death? Let us discuss seven questions to ask before updating your plan. Questions For Your Estate Planning Attorney...
Did you know that your estate plan should be updated on a fairly regular basis? Changes in the law and in life often merit updating an estate plan to help ensure that it best reflects a person’s intentions and goals. After major life events, namely key familial changes, it may be a good idea to review...
With higher life expectancies, multigenerational families, or families composed of three or more generations, may become the new norm. When it comes to estate planning, how do you contemplate the different needs of a multigenerational family? In a multigenerational family it may be important, and difficult, to remember to put yourself first. As the head of...
The U.S. is posed for a change in presidents. Does a new administration, however, mean that you need a new estate plan? With different presidents having such different agendas, the changes in laws on the horizon may mean that you should be mindful of keeping your estate plan as up to date as possible so that...
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