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
Legal Education
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
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
Chadwick Boseman Demonstrates the Importance of Planning
Chadwick Boseman played many heroic American roles and the superhero role of the Black Panther. His death at age 43 demonstrated how it’s important to have at least a basic estate plan in place even if you’re young. See the attached discussion by my friend and colleague Steve Hartnett, an estate planning expert. Read on to learn more. … [Read more...] about Chadwick Boseman Demonstrates the Importance of Planning
Assisting Family and Friends During These Trying Times
Before the onset of the Covid-19 pandemic, many of our clients were already assisting elderly or disabled family member and friends with such things as meals, medications, medical visits and shopping. Regular visits just to check in were also part of many folks’ normal routines. COVID-19 restrictions have had a large negative impact on many of these activities. So, how can you continue to assist under these new circumstances? Here are a few thoughts: Medical Issues Under a federal … [Read more...] about Assisting Family and Friends During These Trying Times
Will Your Estate Plan Still Work If You Move?
Before the pandemic, Americans were more mobile than ever. The pandemic has only increased the number of persons relocating for a variety of reasons. When you move, you have to change your address, your voter registration, and all sorts of other things. But, do you need to revise your estate planning documents? Like with many things in law, it depends on your situation. Attached is some insight from my friend and colleague Steve Hartnett, an estate planning expert. Read on to learn more. … [Read more...] about Will Your Estate Plan Still Work If You Move?
Staying Current is Especially Important in the Pandemic
A Health Care Power of Attorney appoints someone to make decisions for you if you’re not able to do so for yourself. An Advance Directive expresses your wishes regarding end-of-life decisions. During the COVID-19 pandemic, it’s important to have them up-to-date. My friend and colleague Steve Hartnett, an estate planning expert, offers the following timely advice. Read on to learn more. … [Read more...] about Staying Current is Especially Important in the Pandemic
Staying Current is Especially Important in the Pandemic
The President’s bout with COVID-19 demonstrates the importance of keeping planning current. An Advance Health Care Directive appoints someone to make decisions for you if you’re not able to do so for yourself. An Advance Directive expresses your wishes regarding end-of-life decisions. Follow this link to a blog written by my friend and colleague Steve Hartnett, an estate planning expert. Read on to learn more. … [Read more...] about Staying Current is Especially Important in the Pandemic
What is an Assignment and Nominee Agreement?
What’s an “Assignment and Nominee” agreement and what does it do? Prudent attorneys use such an agreement as a belt and suspenders approach to funding. We include this critical planning tool in each trust-based estate plan we create for our clients. See the following discussion of them by my friend and colleague Steve Hartnett, an estate planning expert. Read on to learn more. … [Read more...] about What is an Assignment and Nominee Agreement?
