Estate planning provides a meaningful opportunity to create a lasting philanthropic legacy. By thoughtfully integrating charitable giving into your estate plan, you can support causes and organizations that are important to you, even beyond your lifetime. Here are considerations for incorporating philanthropy into your estate planning: 1. Charitable Bequests in Wills One of the simplest ways to leave a charitable legacy is through a bequest in your will. You can specify an amount of money, … [Read more...] about Estate Planning and Philanthropy: Leaving a Charitable Legacy
Estate Planning
How to Discuss Estate Planning with Your Family
When discussing estate planning with your family, it's important to approach the conversation with sensitivity and clarity. This topic often brings up complex emotions and concerns, so your approach should be thoughtful and respectful. Begin with Your Reasoning: Start the conversation by explaining why estate planning is important to you. Share your desire to ensure that your family's future is secure and that your wishes are respected. This sets a tone of care and responsibility, rather … [Read more...] about How to Discuss Estate Planning with Your Family
Exploring Elder Abuse
As seniors live longer and technology makes it easier for everyone to stay connected, elder abuse continues to rise. Estate planning attorneys may find themselves on the front-line of these matters. Because elder abuse takes on many forms, it’s important for practitioners and consumers alike to have the skills necessary to recognize the signs of elder abuse. my friend and colleague Tereina Stidd, an estate planning expert, discusses the signs to look out for. Read on to learn more. … [Read more...] about Exploring Elder Abuse
Estate Planning Lessons from the Movies – Part II
It’s rare that a movie centers on an archaic estate planning issue, but that’s exactly what Martin Scorsese’s latest film does. While the movie received critical acclaim, it contained a surprising plot centered on real-life Estate Planning issues and the lengths to which certain individuals went to steal from the Osage Indian Tribe. This second in the series by my friend and colleague Tereina Stidd, an estate planning expert and film buff, explores the real-life application of Estate Planning … [Read more...] about Estate Planning Lessons from the Movies – Part II
Understanding the Interplay of State Estate and Inheritance Taxes with Federal Estate Tax
When individuals consider estate planning, they often look to federal law to determine the potential tax ramifications for their estate and beneficiaries. Some may neglect to consider the impact of state estate taxes which vary widely from state to state. My friend and colleague Tereina Stidd, an estate planning expert, has looked into the issue. Read on to learn more. … [Read more...] about Understanding the Interplay of State Estate and Inheritance Taxes with Federal Estate Tax
Let’s Talk Litigation
Anyone creating an Estate Plan wants to ensure that the plan will work as intended and will withstand legal challenges. Sometimes though, a legal challenge is necessary to ensure that the Estate Plan reflects the true intent of the decedent is carried out and that the fiduciaries act in accordance with their duties. This article by my friend and colleague Tereina Stidd, an estate planning expert, examines the most common ways that litigation arises in the Trusts and Estates arena. Read on to … [Read more...] about Let’s Talk Litigation
How a Buy-Sell Agreement Affects Estate Planning
Navigating the complexities of business ownership involves more than just day-to-day operations. It's about envisioning the long-term continuity of the business, even beyond one's active involvement. A key tool in achieving this vision is the Buy-Sell Agreement, especially when considering estate planning. In conclusion, incorporating a Buy-Sell Agreement into estate planning is a proactive step that business owners can take to safeguard the company's future, protect their family's … [Read more...] about How a Buy-Sell Agreement Affects Estate Planning
How to Minimize Family Fighting and Disputes After You’re Gone
Experiencing the loss of a loved one is emotionally taxing, and disputes over assets can intensify this distress. An estate plan's primary aim is not only to distribute assets according to the deceased's wishes but also to minimize potential conflicts. Here's how to reduce the risk of family disputes after your passing: Minimizing disputes after your passing requires foresight, clear communication, and expert guidance. It's a gift of peace you offer your loved ones during an already … [Read more...] about How to Minimize Family Fighting and Disputes After You’re Gone
Estate Planning for Adult Children with Substance Abuse Issues
For many parents, the desire to provide for their children after they pass away is paramount. However, when an adult child struggles with substance abuse, concerns arise about the best way to ensure their well-being without inadvertently fueling their addiction. Tailoring your estate plan to accommodate these specific needs is essential for peace of mind. In crafting an estate plan for a child with substance abuse issues, it's crucial to seek legal guidance to ensure that your strategy … [Read more...] about Estate Planning for Adult Children with Substance Abuse Issues
Signing a Prenuptial Agreement and Estate Planning for Remarriages
Entering into a second marriage often comes with a unique set of considerations, especially when it involves blending families and merging assets. A prenuptial agreement, combined with astute estate planning, can provide clarity, ensure both parties' intentions are met, and protect the interests of all involved. In California, each spouse is typically required to have their own attorney in negotiationg a prenuptial agreement. Remarriage represents a new chapter, filled with hope and … [Read more...] about Signing a Prenuptial Agreement and Estate Planning for Remarriages
