Estate planning isn’t a one time action that you do once you’ve established your career, bought a house and hit your 30th birthday. It’s going to ebb and flow – just like life itself. One overlooked detail can set off a chain reaction, too. Here are 3 estate planning mistakes too many people make and how to avoid making them in your own plans. Estate Planning Evolves…Just Like People Odds are, there’s been a time in life when each day felt like the one before. We tend to get lost in the … [Read more...] about 3 Costly Estate Planning Mistakes
Inheritances and Estate Taxes in the Crosshairs
Bloomberg’s recent headline tells the tale for many: The best-laid estate plans just got muddled.If President Obama has his way, there will soon be a significant change in how assets are passed to heirs. It’s problematic for a few reasons. Of course, it will affect billionaires, but it could also affect those who aren’t as well-off from a financial perspective and who may not be able to cover the estate taxes. Remember, though, we now have a Republican Congress, so that offers some protection – … [Read more...] about Inheritances and Estate Taxes in the Crosshairs
The Role of Insurance in Estate Planning
Estate planning is already one of those tasks most of us don’t look forward to. Throw in the word “insurance” and it’s easy to understand why many would prefer to just conveniently forget to cover those bases. Of course, we all know that’s not really an option, but don’t allow the unpleasant reality prevent you from obtaining the necessary coverage sooner rather than later. One of the biggest reasons for covering those important insurance bases is simple: failure to plan adequately could mean … [Read more...] about The Role of Insurance in Estate Planning
Retired Parents Sold my House
Years ago, when my parents announced that first, Dad was retiring early (courtesy of his commitment to building his retirement from the time he was 19) and second, that they were selling the house, it was as if they were announcing they’d be moving to Mars. The first thing that came to my mind was, “You’re NOT selling my house.” It was one of those times when you hear yourself saying it and it’s as though your mouth is on autopilot. There it was and there was no way I could take it back. Of … [Read more...] about Retired Parents Sold my House
Mistakes in Power of Attorney Designations
With the internet came thousands – if not millions – of options for people that would allow them to change their lives in ways that seemed too good to be true at the time. The personal computer was the best thing since peanut butter and many of us can even recall the first website we visited. Ah, the good old days. Then, something strange happened. Suddenly, there were countless services and do-it-yourself solutions that began popping up, all designed to help us save money, time and take control … [Read more...] about Mistakes in Power of Attorney Designations
Gifting Assets in Your Estate Plan
At different times of the year, most of us associate those static goings-on with important reminders of other things we need to do. When the time changes twice a year, we’re often prompted to change the batteries in our smoke alarms. Before vacation every year, we typically have our tires rotated and allow our trusted mechanic to give the loyal motorized vehicle the once-over and when December rolls around, it’s just natural for many of us to consider the plights of others. We typically make our … [Read more...] about Gifting Assets in Your Estate Plan
Estate Planning Lessons: Celebrity Deaths 2014
Every year, most of us become a bit melancholy as we think back to the highlights and low points the year delivered. Many of us cherish those beautiful moments that life deals us, sometimes unexpectedly, and other moments leave us a bit exhausted or hurt or even embarrassed. As estate planning lawyers, it’s often the stories in the headlines that can help us explain to a client the importance of an estate planning tool or why one particular document serves their purposes better than another. … [Read more...] about Estate Planning Lessons: Celebrity Deaths 2014
Estate Planning When You’re Single in New Hampshire
Estate Planning When You're Single in New Hampshire from Daniel DeBruyckere If you're an adult, there’s a place for proper planning to ensure your assets pass down and your liabilities are addressed. To learn more about Estate Planning in New Hampshire, contact our office today. … [Read more...] about Estate Planning When You’re Single in New Hampshire
Free Report: Can I See Your Will – What You Need To Know About Who Has Access to the Will
Many people wonder if they're allowed to look at the will, maybe they want a copy of it and they may wonder if problems await them as soon as someone else sees the will and determines there's not been a fair distribution of assets. Topics covered in this whitepaper include: Do I Get a Copy of the Will?Access to the WillAccounting Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Can I See Your Will – What You Need To Know About Who Has Access to the Will
Discussing End of Life Matters
Discussing our mortality with anyone, but certainly our family, is difficult. It’s interesting because it’s a common denominator in every living thing. Death is as much a part of life as breathing. As elder care lawyers, we know how difficult opening the conversation can be. We have families too. There’s always a way, you just have to figure out the best approach. End of Life by the Numbers According to The Conversation Project, a public education campaign founded to encourage open … [Read more...] about Discussing End of Life Matters
