Newsletter

Common Estate Planning Mistake #19: Failing to change beneficiary designations after death of spouse

After the death of a spouse, or even after a divorce, it's important to look at and update, if necessary, any beneficiary designations you may have. Too often we see people lulled into a false sense of security by thinking ...

Does a Living Trust protect my life savings from long-term care costs?

A Living Trust is an important estate planning document that offers many advantages, including keeping your estate out of probate after you die. However, does a Living Trust protect your assets from long-term care costs? This question gets asked quite ...

Common Estate Planning Mistake #18: Failing to change your Estate Plan while a divorce is pending

Something that is often overlooked, when going through a divorce, is seeking an estate planning attorney to make the appropriate changes to your estate plan. Until your divorce is final you are still married, which could lead to a multitude ...

Common Estate Planning Mistake #17: Failing to correctly disinherit a child you want to disinherit

There are various reasons a person may choose to disinherit a child from their estate. Maybe they no longer have an association with the child. Or, maybe the child doesn't need an inheritance and, maybe, another child does. Choosing to disinherit ...

Common Estate Planning Mistake #16: Failing to plan for digital assets and passwords

We live in a digital age. Our bank accounts; investment accounts; credit card accounts; accounts with Amazon, Joss & Main and all the other online stores, have digital access and passwords. And, if you haven’t planned for your digital assets ...

Common Estate Planning Mistake #15: Using the wrong assets to fund charitable gifts and bequests

Making charitable gifts or bequests to religious or other non-profit organizations is a generous gesture and an excellent way of making a difference. But, there can be a right way to do it and a not so right way to do it, in ...

Common Estate Planning Mistake #14: Failing to account for the possibility of outliving your named beneficiaries

We see a lot of situations in which people who are developing an Estate Plan have the idea, “Okay, I want it to go to my children in equal shares.” This sounds like a simple, reasonable and fair request. But, potential ...

Common Estate Planning Mistake #13: Failing to make proper provisions for special needs family members

Special Needs family members require and deserve special provisions made for them in a family estate plan. Unfortunately, it is very common for people to either make provisions for them in an incorrect or incomplete way, or worse yet, not ...

Common Estate Planning Mistake #12: Failing to fund a Living Trust

Unfortunately, all too often, the common mistake we see in estate planning is the failure to fund a living trust. Funding is the step in transferring ownership of assets into the living trust. It's not enough to simply have a living trust, if ...

Common Estate Planning Mistake #11: Failing to plan for your lifetime incapacity

When we think of Estate Planning, we often think of the documents we put in place for when we die. However, that isn't always the complete story. Sometimes, people suffer illnesses prior to their death that may leave them incapacitated. ...