By Andrew Gilliland | Published July 6, 2020 | Posted in Uncategorized |
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⟩ Blended Family FAQs
I’m married to my second spouse and my spouse and children from my first marriage get along really well. Do I still need to consider estate planning? They may be getting along well now, but there’s no telling what will happen after your death or if there is some other falling out down the road. Read More
Read MoreEstate Planning That Expresses Who You Are — 5 Things to Talk About with Your Family
You intend to pass along your wealth through your estate plan, but what about your wisdom? Ensuring you accomplish both calls for a family meeting to have a conversation about your money, your legacy, and your core principles. Most families lead far-flung and busy lives, meaning the only time they see one another face-to-face is Read More
Read MoreWhy a Trust Is the Best Option for Avoiding Probate
Ideally, when someone passes away, the paperwork and material concerns associated with the estate are so flawlessly handled (thanks to excellent preparation) that they fade into the background, allowing the family to grieve and remember in peace. In fact, the whole business of estate planning – or at least a significant piece of it – Read More
Read MoreUsing Asset Protection Trusts In Estate Plannings
With the estate tax credit so high, protecting assets against loss to creditors and predators or in divorce or bankruptcy has become a common goal of estate planning. Do you want to leave an inheritance outright to a child or grandchild in this risky age of high divorce rates, lawsuits, and bankruptcies? An outright inheritance Read More
Read MoreIncapacity Questions
Q: What does “disabled” or “incapacitated” mean? A: In the estate planning world, the term “disabled” or “incapacitated” refers to an individual’s inability to manage day-to-day business affairs such as managing and protecting assets, signing papers, paying bills, and filing taxes. “Disability” or “incapacity” doesn’t mean you’re physically unable to move such as being laid Read More
Read More10 Types of Trusts: A Quick Look
Considering the myriad of trusts available, creating an estate plan that works can seem daunting. However, that’s what I, as an estate planning attorney, do every day. I know the laws and will design a plan which addresses your specific situation. Here’s a look at the basics of ten common trusts to provide a general Read More
Read MoreWhat To Do When a Disability Throws Your Estate Plan Into Chaos
As the poet Robert Burns mused centuries ago, “The best-laid plans of mice and men often go awry.” Despite thoughtful effort and a concerted strategy, you cannot prepare for every emergency. A car accident, sudden illness, workplace injury or a chronic medical condition can force you to re-evaluate the core assumptions you used to plan Read More
Read More3 Tips for Overwhelmed Executors
While it is an honor to be named as an executor of a will or estate, it can also be a sobering and daunting responsibility. Being an executor (sometimes called a personal representative) requires a high level of organization, foresight, and attention to detail to meet responsibilities and ensure that all beneficiaries receive the assets Read More
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