Estate Planning

Estate Planning Issues Unique to Women

While estate planning is important to all people there are a number of issues that specifically impact women. These issues, if not properly addressed, can lead to insufficient assets, inappropriate long term care, disinherited children, and a host of other outcomes. In today’s blog post, you will learn what these issues are as well as specific steps women can take to overcome these challenges! Read more “Estate Planning Issues Unique to Women”

4 Tips For Managing Money in Your Second Marriage

Money is the cause of many divorces in our society. Those who end up getting remarried will naturally be apprehensive with their money and want to protect it. With that in mind, I will be sharing 4 tips for managing money in your second marriage so that you can be better prepared. Read more “4 Tips For Managing Money in Your Second Marriage”

A Simple Guide to Wills and Estate Planning

When we first begin working with clients, it’s very common to discover that they don’t have a Will or any estate planning documents at all. It’s not that they don’t think it’s important, but often times they just don’t know where to start or what to do.

If you happen to be one of those people, then don’t fret. Today I will be guiding you on the importance of getting your estate planning in order and why only having a Will can actually be dangerous.  

Read more “A Simple Guide to Wills and Estate Planning”

10 Dangers of Joint Tenancy

In follow up to the article written by our friends at Laiderman Law Firm, I wanted to expand upon some of the dangers of joint tenancy. Also, I want to give thanks to Steve Laiderman of the Laiderman Law Firm for proof reading and providing suggestions for this article.

Many people try to accomplish estate planning by simply titling assets in joint tenancy instead of obtaining a Will or a Trust. Although this is inexpensive to accomplish and does help to avoid probate, joint tenancy could end up costing you and your heirs in the long run. Read more “10 Dangers of Joint Tenancy”

Can’t I Just Put Their Name on the Account?

by Daniel T. Julius

To start with, let’s not hide from the question at hand: Yes, you can “accomplish” estate planning by doing nothing more than putting your spouse and/or children’s names on each of your assets. When you die, the assets to which you have added your family members’ names will automatically pass to those persons. (In legal jargon, we call this “by operation of law.”) This is a simple procedure which accomplishes one task: getting the jointly-held asset to the person you’ve made a joint owner, at little-to-no effort.

You’ve probably heard what they say about getting things for free, though, right? You get what you pay for.

What many people who ask this question may not know is that this simple technique is not only fraught with potential problems, it also lacks many of the other benefits that can only be gained by placing property into a trust, or other form of ownership. Read more “Can’t I Just Put Their Name on the Account?”