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Trusts Compared to Corporations

The concept of a trust is difficult for many people to grasp because a trust is a concept, and therefore is intangible.  Another intangible concept that is more familiar, and therefore seems easier to understand, is a corporation. Corporations have some similarities to trusts and, therefore, provide a helpful comparison. A quick look at the […]

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FAQs About Probate

One of the most often misunderstand terms in estate planning is “probate” and what it means so we answer the most common FAQs about probate here: WHAT IS PROBATE? The term “probate” refers generally to the process by which the estate of a decedent (person who died) is administrated and distributed to the heirs and/or people named […]

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The Fiduciary Idea

Social pundits have said that kids who grew up in the 1970’s are part of the “me generation”. They are forty and fifty somethings now. Our survival-of-the-fittest world encourages people to “look out for number one”. In that context, the fiduciary idea is counter-cultural.  (more…)

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Review Your Estate Plan

If you have an estate plan, count yourself among the responsible few. Most people do not have one. Even if you have an estate plan, however, you need to review it periodically to be sure it will meet your needs as times and circumstances and how you view your world change – and they will. […]

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Gifting Your Legacy

I have been doing estate planning for nearly 20 years, and I am surprised at the relatively small number of my clients who have incorporated charitable giving into their estate planning.  Many of those same people have been charitable during their lives, giving to various organizations and their places of worship, but people do not […]

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Guardianship of Adult Children

In my high school psychology class, my history teacher came and spoke to us one day about his disabled son.  He read to us a short story in which he compared having a disabled child to a trip to Europe.  The story began with a couple planning to go to Italy to tour all of […]

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Estate Planning for Singles

“These times, they are a changin’” is the famous line by Bob Dylan. It was an anthem for the 1960’s and early 1970’s. But the more things change, the more they stay the same, as some say. The number of people who have never been married has steadily grown since 1970. (Pew Research) People are […]

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Estate Planning Avoids the Free-For-All

You have probably heard the stories about what happens when a family member dies without doing any estate planning… and if you have not heard them, I could fill a book! The vacuum left by the death of a loved one sometimes leads to some strange and unfortunate reactions. Perceived slights or unfairness during life are magnified […]

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