Posts Tagged ‘Will’
Estate Planning Advice on Disinheriting a Child
When considering your estate plan, one of the things you will have to think about is who your beneficiaries will be. If you have a significant estate, this decision is made even more complex. How will you divvy up your assets, who will receive an inheritance and are there those who you will deliberately exclude?…
Read More3 Easily Avoidable Estate Planning Mistakes
Estate planning is not a topic that many like to think about. After all, planning for our death can be a morbid way to pass the time. But, instead of thinking about the negative, it is important to remember the positive attributes of estate planning – namely, the security and future well-being of your family…
Read MoreEstate Planning is for Everyone
A common planning misconception is that only those with vast assets need an estate plan. But, it is important to emphasize that estate planning is not just for the wealthy. For many, the word “estate” conjures up a Downton Abbey-like property and an overwhelming amount of zeros on your bank account balance, but estate planning is a must, regardless of your tax bracket. An estate plan concerns…
Read MoreFireside Reading with a Side of Estate Planning
After creating a will, circumstances may emerge that prompt a desire to change various aspects of the document. Divorces, new marriages, additional children, familial disagreements and shifting allegiances to charities can each impact a will. Adding a codicil is a way to amend the document without creating an entirely new document. A codicil is a…
Read MoreEstate Planning Lessons from Tony Soprano
The tragic and untimely death of James Gandolfini shocked and saddened fans of the talented actor. And, since his will became public last month, there has been much commentary on the state of his affairs prior to his passing. The actor’s will exposes common estate planning problems that can easily occur with blended families. Gandolfini…
Read More"We are Family": Estate Planning for Adult Children Living at Home
With the state of the economy, the low unemployment rate for graduates, and the general cost of living, many children are continuing to live with their parents long after they turn eighteen. Having an adult child live with you can simultaneously be a benefit and a burden. Children at home can assist with the tasks…
Read MoreEstate Planning for Young Adults
Turning eighteen is a milestone for many reasons. You are legally an adult, with the ability to vote, and you may be heading off to college or starting a career. The future is upon you, the world is your oyster, and any other number of clichés. Regardless of where you are headed, it is most likely…
Read MoreCelebrity Estate Planning Mistakes to Avoid
In an interesting article, Fox Business delved into the “Monumental Estate Planning Blunders of 5 Celebrities.” The piece looks at estate planning mistakes made from some well-known, now-deceased stars who’s estate ended up out of their hands. Leona Helmsley, widow of real estate tycoon Harry Helmsely, famously left a $12 million dollar trust to her dog, Trouble. Ultimately, this only served to cause trouble…
Read MoreEstate Planning Faux Pas
Estate planning is important. If you haven’t already considered an estate plan, there is no time like the present. When considering how to start this process, you should consider professional advice. Fields and Dennis has years of experience under its belt and can help you produce an estate plan that is secure, cares for all…
Read MoreEstate Planning and Second Marriages
If you are thinking about remarriage after a divorce, there is much to consider. Second marriages have become far more common in recent years, as divorce rates and life expectancy both increase. While pursuing a life with someone you love is an exciting endeavor, especially after the initial devastation that a divorce can cause, there…
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