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Latest Blog Posts

How To Leave Assets to Adult Children

Posted on: March 13th, 2013
When considering how to leave assets to your adult children, first decide how much you want each one to receive. Most parents want to treat their children fairly, but this doesn’t necessarily mean they should receive equal shares of your estate. For example, you may want to give more to a child who is a teacher than to one who has a successful business. Or you may want to compensate a child who has taken care of you during an illness or your later years. ...

An Estate Plan for Cinderella's Parents

Posted on: February 27th, 2013
I saw Cinderella for the first time with my daughter recently, and though I (and likely you) were familiar with the outline of the story, we often forget the backstory. It starts with the disaster, specifically, an estate planning disaster in a world that does not need to worry about the estate tax or probate, or even lawyers. ...

How to Leave Assets to Minor Children

Posted on: February 13th, 2013
Every parent wants to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles and other relatives often want to leave some of their assets to young children, too. But good intentions and poor planning often have unintended results....

Letter to an Ex

Posted on: January 30th, 2013
Below is a fictional letter I drafted to a former partner because I know only too well what can happen when estate planning is not done properly—after divorce. I hope you enjoy this outreach to an ex-spouse or partner and consider taking steps to do everything this letter suggests for you. You can even send the link to your ex! ...

Picking the Best Way to Hold Title to Your Home

Posted on: January 9th, 2013
One of the last things most home buyers think about is how to take title to their new house. It's best to consult an estate attorney before deciding but, unfortunately, most homeowners don't do that. To help with the decision, here are the pros and cons of the five most common ways to hold title to your home: ...

Business Owners: Have You Planned Your Exit?

Posted on: January 2nd, 2013
You've worked hard building your business, but have you thought about what will happen when you are no longer there running the show? According to one study (Small Business Review, Summer 2001), only 30% of all family-owned businesses survive to the next generation; only 12% make it to the third generation; and a meager 3% are functioning into the 4th generation and beyond. Why? Most business owners simply do not plan an exit. They do not do proper estate planning, which often results in unnecessary estate taxes that drain the life out of their businesses. And they do not plan for a successful transition to the next generation. Who could take over your business? You may have more choices than you think. ...
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