Bills, Services to Cancel & Keep When a Loved One Dies Navigating Financial Responsibilities After a Loss A loved one’s passing is challenging on many different levels. In addition to the emotional difficulty of processing someone’s death, there are also the many tasks that must be dealt with, such as going through their various [...]
Why You Want to Avoid Intestacy What Happens When You Die Without a Will? About two out of three Americans will die without a will. This is known as dying intestate. While the reasons for not having a will vary, the end result is the same for everyone: they do not get to choose [...]
Difference Between Transfer on Death & Payable on Death Designation The Basics of POD and TOD Accounts: A Comparison Adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original account holder dies. Like trusts, [...]
You Can Benefit from Giving Gifts Strategic Estate Planning: Three Trusts for Wealth Preservation & Transfer A benefit of working hard is sharing the fruits of your labor with your loved ones. However, gift or estate tax consequences may impact high-net-worth clients when they share their wealth. By crafting a comprehensive estate plan, we [...]
What Happens To Your Venmo, PayPal, & Apple Pay Accounts At Your Death? What Happens To Your Digital Payments Accounts When You Die? It has been said that nothing ever dies on the Internet. While this dictum is typically used as a warning that what we put online may come back to haunt us, [...]
What Not To Include In Your Estate Planning Documents How To Protect Your Estate From Identity Theft & Other Risks One important purpose of estate planning is to facilitate the transfer of ownership of your money and property to your family and loved ones when you pass away. For this transfer to be as [...]
Three Important Concerns Self-Employed Individuals Should Address The Importance Of Estate Planning For Self-Employed Individuals Being self-employed is no easy task. You are the owner, and in some cases, the only employee. While you may have more freedom than the average worker, a lot of responsibilities lie on your shoulders. Working together, we can [...]
What Is a Devise In My Estate Plan? How To Choose The Right Type Of Devise For Your Estate If you are thinking about creating an estate plan, you may hear some new and confusing terms that make your brain hurt. To add to your bewilderment, not only are some of the words unfamiliar, [...]
Urgent Legal Updates for Business Owners Preparing for the Corporate Transparency Act (CTA) Effective on January 1, 2024 A critical development is on the horizon that requires the immediate attention of U.S. business owners. The Corporate Transparency Act (CTA), was passed by Congress in 2021 and authorized the U.S. Treasury’s Financial Crimes Enforcement Network [...]
Cross-Border Estate Planning Top 5 Concerns for Families to Consider When Holding Property in Multiple Countries When families own assets in both the United States and other countries, there are several estate planning issues that can arise that may come as a surprise to those who have not planned ahead. As a law firm [...]
