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Do You Need to Update Your Will?

Reasons Why You Might Need to Update Your Will A will should incorporate all your final wishes for property distribution and any other decisions that need to be made at the time of your passing. However, these "final" wishes may not be so final as inevitable life changes could impact the way you want your assets...

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Suing a Trustee for Breach of Duty

Filing a Lawsuit Against a Trustee When it comes to dealing with the property of a trust, the trustee occupies a special position. Many people do not realize that a trustee can be sued if they do not do their job properly. In particular, legal action may be warranted if the trustee violates their fiduciary duty. What...

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Divorce and Your Estate Plan

Changing Your Estate Plan After Divorce Roughly half of all marriages in the U.S. end in divorce. As you might imagine, the end of a marriage could wreak havoc on a carefully considered estate plan. However, many divorcees delay in updating their wills and trusts. The Effects of Divorce on an Estate Plan Spouses are...

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Why You Should Consider a Spousal Trust

Spousal Trusts Can Benefit Your Family Nearly half of marriages in this country end up in a divorce, and this presents challenges in the area of estate planning. Equally as difficult are situations where the spouse remarries later in life with significant assets and a blended family. One estate planning tool that...

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Wills and Trusts: Which Option Is Right for You?

Do You Need a Will or a Living Trust? According to a 2019 survey, 57% of adults in the United States do not currently have a will or living trust. Many of these people delay creating estate planning documents because they feel like the process is confusing and worry about picking between a will and a trust. However,...

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Avoiding Estate Litigation After a Second Marriage

Do You Need a Will or a Living Trust? According to a 2019 survey, 57% of adults in the United States do not currently have a will or living trust. Many of these people delay creating estate planning documents because they feel like the process is confusing and worry about picking between a will and a trust. However,...

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Four Ways to Help Lower Your Estate Tax Burden

Changing Your Estate Plan After a Second Marriage For many, a second marriage is a blessing because it offers a new chance to find happiness. For estates, however, second marriages are a common cause of litigation as two sets of children and a second spouse may all attempt to vie for the available assets. While your...

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What You Need to Know About Living Wills

4 Methods of Cutting Your Estate Tax One of the main functions of an estate planning lawyer is to help minimize your tax obligations in the event that you pass away. If your estate is bigger than the federal exemption, you may be obligated to pay an estate tax to the federal government, and that tax can reach 40%....

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Considerations When Selecting a Trustee

On December 20, 2019 President Trump signed into law the Setting Every Community Up for Retirement Enhancement Act of 2019, now commonly referred to as the “SECURE Act.”  Among other things, the SECURE Act makes significant changes to how IRAs and certain qualified retirement benefits including 401(k) plans must...

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