Remarriage late in life without proper estate planning can quickly cause problems with families and estates, according to New Hampshire Magazine in "Navigating Late-Life Remarriage."
With the rise in popularity for investing in and holding on to various forms of cryptocurrency, it is important to understand how to incorporate these types of assets into your estate plan. Over 1000 different versions exist, the most popular of which being Bitcoin.
In a digital world of quick and easy templates, it may be tempting to cut corners and execute a do-it-yourself estate plan. Or it may seem like a good idea to use a friend of a friend who practices law or the law firm down the street to draft up your will and a power of attorney
Living trusts serve many functions such as providing greater control over asset distribution, privacy, probate avoidance and tax benefits. All assets used to fund the trust are managed by the trustee for the benefit of the beneficiaries.
With a new administration moving into the White House, many high net worth married couples are reaching out to seasoned advisors about the impact of potential tax changes. At Stouffer Legal, we discuss the creation of a spousal lifetime access trust commonly referred to as a SLAT with many of these couples.
Even if the Republican-controlled Presidency and Congress eliminate the federal tax, the need for an estate plan is not eliminated, according to Forbes in "Five Reasons You Need a Will (Even If the Estate Tax Is Repealed)!"
Providing long distance care for an aging family member can be especially difficult during a pandemic. Below are a few tips to consider if you are in this situation:
It is likely that once you bring a child into this world you are going to be more concerned about them than you are about yourself which means you need a will as Nerdwallet explains in "Protect Your Family by Writing a Will."
Alternative dispute resolution (ADR) refers to legal remedies to settle disputes outside of court litigation. The most popular methods being mediation and arbitration.
