When you’re deciding how your assets should be divided at death, sometimes dividing them equally is the appropriate choice. But, sometimes it’s not. Fair isn’t always equal or vice versa according to my friend and colleague Steve Hartnett, an estate planning expert. Read on to learn more, including how to avoid a challenge if you choose an unequal division among your children. … [Read more...] about Fair Isn’t Always Equal and Vice Versa
Estate Planning
What’s an “Atom Bomb” or “Contingent Remainder” Beneficiary?
When you’re deciding to whom to leave assets, most people choose their children or other descendants. However, you also need to decide on the “contingent remainder” beneficiary. In other words, who should get your assets if all your other beneficiaries are gone. My friend and colleague Steve Hartnett, an estate planning expert knows this area. Read on to learn more about this often-confusing concept. … [Read more...] about What’s an “Atom Bomb” or “Contingent Remainder” Beneficiary?
Puerto Ricans are Unique, as Is Estate Planning for Them
Puerto Ricans hold a unique position under U.S. law. U.S. estate taxation treats those from Puerto Rico different from other U.S. citizens or citizens from other countries. My friend and colleague Steve Hartnett, an estate planning expert shares his thoughts. Read on to learn more. … [Read more...] about Puerto Ricans are Unique, as Is Estate Planning for Them
Use the Exclusion or Lose It
Currently, each person can give $11.58 million during life or at death. However, that amount will be cut in half by January 1, 2026. It may go down even sooner according to my friend and colleague Steve Hartnett, an estate planning expert. Read on to learn why and how you should use it before you lose it. … [Read more...] about Use the Exclusion or Lose It
Building Flexibility into Your Plan
There are all sorts of formalities to an estate plan. Does that mean you can’t change anything by yourself? Read the blog by my friend and colleague Steve Hartnett, an estate planning expert, to learn how your estate plan, if done properly, can give you the flexibility to make changes by yourself as to certain assets. Read on to learn more. … [Read more...] about Building Flexibility into Your Plan
Planning for Incapacity
There is more to estate planning than disposing of your assets after your death. Planning for your incapacity is just as important. Read this post by my friend and colleague Steve Hartnett, an estate planning expert, to learn more about how incapacity planning can save you and your loved ones' anxiety. Read on to learn more. … [Read more...] about Planning for Incapacity
Planning Is Important
Planning is important. End-of-year tax planning is one part of that planning. This year you should also consider whether you’ve had any payroll tax withholdings deferred. If your employer deferred those withholdings, you’ll have more money withheld next year than usual. That means you’ll have less money for other things, like IRA contributions. My friend and colleague Steve Hartnett, an estate planning expert, has many good insights to share. Read on to learn more. … [Read more...] about Planning Is Important
Estate Planning for Members of the LGBTQ Community
For members of the LGBTQ community, and their supporters, much has changed for the better over the last several decades. Just recently, one of the hardest fought battles was finally won – the right of same-sex couples to marry. With that victory finally in hand, members of the LGBTQ community often ask if LGBTQ estate planning remains necessary now that same-sex couples can legally marry. Let's explore estate planning for members of the LGBTQ community. Recent LGBTQ Victories Whether you … [Read more...] about Estate Planning for Members of the LGBTQ Community
Our Available Services During COVID-19/Coronavirus Pandemic
The health and safety of our clients, staff, and friends of the law firm are top of mind amid concerns about the spread of the Coronavirus (COVID-19). As estate planning and elder law attorneys, our practice is dedicated to serving our most vulnerable citizens, including seniors, those who are ill, disabled, experiencing mental health challenges and children with special needs. The uncertainty around the pandemic has many people with immune system challenges concerned about exposure to the … [Read more...] about Our Available Services During COVID-19/Coronavirus Pandemic
Generational Wealth is Key to Leveling the Playing Field
Generational wealth is wealth earned by one generation and passed on to the next. Generational wealth is key to allowing the next generation to be free from the burden of having to live hand-to-mouth and allows them to pursue an education and build a career or business to build a better life for themselves. My friend and colleague Steve Hartnett, an estate planning expert, shares his insights. Read on to learn more. … [Read more...] about Generational Wealth is Key to Leveling the Playing Field
