The pandemic has been difficult for many of us, including many small businesses. Sometimes it’s difficult to follow all the news. But, there’s little-known pandemic relief for employers struggling from the pandemic. My friend and colleague Steve Hartnett, an estate planning expert explores this important issue. Read on to learn more. … [Read more...] about Pandemic Relief for Employers
Legal Education
Using Disclaimers to Achieve Your Goals: Double Disclaimers
Disclaimers can be a good way of getting assets where you want them to go. If the disclaimer is a “qualified disclaimer,” you aren't treated as having made a taxable gift. Sometimes a “double disclaimer” is necessary to achieve the desired outcome. My friend and colleague Steve Harnett, explores this useful planning technique. Read on to learn more. … [Read more...] about Using Disclaimers to Achieve Your Goals: Double Disclaimers
“Last Will and Testament” Origin
Why do you have a “Last Will and Testament.” Even Estate Planning attorneys are unlikely to know the etymology of the term. It was the subject of a recent question on “Jeopardy.” To learn more, see the following blog by my friend and colleague Steve Hartnett, an estate planning specialist. Read on to learn more. … [Read more...] about “Last Will and Testament” Origin
Preparing for the Unexpected…and the Eventual
The world is an unusual place. Things you’d never expect to happen sometimes actually do happen. There are natural disasters and unusual phenomenon. It’s important to prepare, not just for the unexpected but the eventual, as well. Read on to learn more. My friend and colleague Steve Hartnett, an estate planning expert, shares his thoughts. … [Read more...] about Preparing for the Unexpected…and the Eventual
Joint Tenancy Problems in Estate Planning
Sometimes people use Joint Tenancy as an easy, simple way to do Estate Planning. However, this can have serious, unexpected drawbacks. Read on to learn more. My friend and colleague Steve Hartnett, an estate planning expert, discusses these drawbacks. … [Read more...] about Joint Tenancy Problems in Estate Planning
Starting the New Year Right
As we enter 2021 and hopefully leave the current pandemic behind, it’s still a good time to start off right. If you don’t already have an estate plan, now’s a great time to make an appointment with an estate planning attorney to get one. Read on to learn more. My friend and colleague Steve Hartnett, an estate planning expert shares important news. … [Read more...] about Starting the New Year Right
Fair Isn’t Always Equal and Vice Versa
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
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
