A recent article in U.S. News and World Report has brought the battle between professional estate planners and Do-It-Yourself document proponents out into the open. As author Kimberly Palmer points out in the article, lawyers believe Do-It-Yourself is dangerous when...
Since the estate tax was repealed at the beginning of this year many people have rejoiced in the thought that there’s no need to create an estate plan. While it may be true that for the moment, at least, your assets don’t need to be protected from outrageous estate...
Our wills were drawn up by an attorney in North Carolina. We now reside in South Carolina. Do we have to re-do our wills? I hear this question often. The answer is a typical lawyer answer. It depends. It does not depend upon whether or not the wills are legal....
Father has recently remarried. He has his house; she has hers. Both are paid for and cars are paid for. My dad has an IRA which my brother and I are beneficiaries. We begged for a pre-nup, but they didn't get one. If my father should pass, does his new wife get any of...
With all the estate tax proposals currently floating around the Senate the future of the estate tax is anybody’s guess... but that doesn’t mean we’ll stop trying to figure it out. A recent article in the Wall Street Journal touches on some of the more recent (and more...
We’re all about equality, but the fact is that women have different estate planning needs than men. Whether they’re single or married, have children or no children, women have different things to think about when it comes to estate planning. This means that women need...
There seems to be some confusion nowadays about whether “a dog’s life” refers to a life of ease or toil, but for these wealthy canine heirs life is definitely the former! Whether it’s a wealthy eccentric leaving millions to a dear canine companion or whether it’s a...
What are the steps in doing so? It may be challenging getting a power of attorney for your mother who has a mental illness. I would recommend that you take your mother to an appropriate physician to determine her mental state, such as a physiological neurologist. The...
Six months into 2010 and the estate tax repeal is still making news. This time it’s a story about Texas billionaire Dan L. Duncan who died in March, leaving all of his billions to his spouse, family and various charitable organizations... and none to the government:...
My spouse, who has Stage 4 Terminal Cancer, made a Will, but no Trust. The Will states 70% of assets go to me and 30% go to our child. However, my husband owns no property (we rent our home). Am I obligated to set up a Trust Fund for me and my husband's child (our...
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