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It’s December, and many of us are thinking about giving gifts. I have started asking my children what they want as gifts for Christmas presents, and they are thinking about it. Even harder than that, I am trying to figure out what to ask for as a Christmas present for myself. I tend to purchase what I need or want as the need comes up, so when … [Read more...]
What is the difference between doing your Estate Plan Online and using an Estate Planning Attorney?
In the time that I have been working as an estate planning attorney, I have seen a lot of online options to set up an estate plan appear. Some of these websites are free, some are services you pay for, but all of them seem to have the same thing in common: Online services are mostly self-help services that help you create your own will or other … [Read more...]
Do I Need An Estate Plan, Will, Or Trust?
I refer to myself as an estate planning attorney, and I prepare estate plans. Oftentimes I will be asked what that means, and I explain that I help people prepare their will, trust, financial power of attorney, medical power of attorney, living will, or other documents related to the end of life. People either understand my further explanation, … [Read more...]
At Home or Virtual: The Benefits of Getting Your Estate Plan Done From Home
I have seen a lot of movies set in the future, where video calls were the preferred method of communication, and apparently that was amazingly cool. In “Back to the Future II” the character Marty McFly (Played by Michael J. Fox) was on a video call with his boss, and then was fired by fax. Apparently this was the futuristic way to communicate in … [Read more...]
How Do I Leave My Car, Boat, House, Money, Family Cabin, Family Business, Family Farm, Monkey, Cat, Dog, or Anything Else To My Family After I Die?
I get asked the question above a lot! OK, so not the whole question at once...mostly I am asked about one part, or the other, and not all of the items at the same time, but I do get asked about how to deal with specific assets quite a bit. I am not sure if people think that each different thing they own needs to be treated separately, or if … [Read more...]
Special Needs Trusts vs. Supplemental Needs Trusts Compared Side By Side
I often have people ask me about setting up a special needs trust, or a supplemental needs trust, and they tend to use the phrases interchangeably. Other times, people will call this type of trust a “gift trust” or some other name. I want to lay out how these two types of trusts are similar, and how they may differ in this blog post. How Are … [Read more...]
For Grandparents: How Can You Pass On Your Legacy To Your Grandchildren?
When it comes to estate planning, leaving a legacy may be important. Of course, the concept of a legacy raises several different questions: What is a legacy? How you do build a legacy, and how do you leave one for your grandchildren? Is a legacy what you leave to them after you are gone - assets and things? Or, is a legacy more? Is a legacy … [Read more...]
“Grandma! Grandpa! Will You Help Me?” How You Can Help Your Grandchildren With Their Education
I think most grandparents have a special place in their heart for their grandchildren. Grandparents play with their grandchildren, feed the grandchildren, and generally make life fun for the grandchildren. Grandparents also give the grandchildren back when it is bedtime, or the grandchild is cranky, which makes sense. Grandparents did all of the … [Read more...]
Wills vs. Trusts Compared Side by Side (My 100th Blog)
The most common question that I get in my law practice is what is the difference between a will and a trust? I really do wish the question is simple and easy, and perhaps someday I will be able to come up with a satisfying answer that only takes a minute or two. In my experience, the answer to this question can be quite complex, as you can see … [Read more...]
Revocable vs. Irrevocable Trusts Compared Side by Side
To fully explore what type of trust is right for you, or to further understand the differences, you should consult with an experienced estate planning attorney. You can schedule a free initial consultation by clicking below. … [Read more...]
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