Our law practice is focused on business law, business planning, estate planning, and asset protection for both personal and business assets. These areas cover a broad range of planning and legal services that help alleviate some of the issues that keep individuals and business owners up at night.
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2. Our law practice is focused on business law, business planning, estate planning, and asset protection
for both personal and business assets. These areas cover a broad range of planning and legal services
that help alleviate some of the issues that keep individuals and business owners up at night.
LEARN MORE!
ESTATES AND BUSINESS BLOG
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3. AUGUST 25, 2019
Financial Planning. Tax Planning. Legacy Planning. Estate Planning – How many plans do I
need?!
Most folks have at least heard of an estate plan. But fewer realize that a simple will is not enough to
prepare for your future. In fact, a combination of plans – financial, tax, legacy, and estate – are vital to
your financial well-being and protection of your assets and family. All of these plans are closely linked,
affecting one another but also serving different purposes.
Contrary to popular belief, in order to get to where you want to go in life you need multiple plans, each
intended for a specific area of your life.
4. Continue Reading
AUGUST 18, 2019
Beneficiary Designations and a Blended Family: Why You Need to Think Before You Sign
Whether you are in your first marriage or have remarried after a divorce, blended families are a common
part of modern society. That being said, it is important to understand that blended families and
subsequent marries create important and unique issues when it comes to estate planning. You may
need to account for a prior spouse who is still caring for minor or disabled children, and also possibly
make sure your current spouse and any children you had together – and any stepchildren – are also
taken care of after you pass away. The good news is that estate planning can take all of these factors
5. into account. This is true whether you are putting together your estate plan for the very first time or if
you need to update your current estate plan due to a change in your circumstances.
Continue Reading
AUGUST 11, 2019
Estate Planning When Not All of Your Kids are in the Family Business
Owning your own business can be a great endeavor that takes a lot of passion and drive. Many small
business owners focus on the day-to-day management and growth of the business, rather than
thinking about a time when he or she may not be in the business. This is a far too common mistake.
6. Future plans for your enterprise are even more important when one child works in the business but the
others do not. Keeping the peace among your children after you are no longer able to participate in the
business requires careful balancing of your estate plan.
Continue Reading
AUGUST 4, 2019
Are Your Documents Following the Same Script? Basics of Beneficiary Forms and Estate
Planning
7. In the event of your untimely death, the manner in which your beneficiaries — or those people who
receive your assets from your estate — are determined is highly dependent on how your property is
titled.
Generally, property with title includes vehicles, boats, airplanes, real estate, bank accounts, savings
bonds, life insurance policies, retirement accounts, and stock certificates. If you die without a will or a
trust and haven’t used any beneficiary or transfer on death options, state law will determine who
inherits property with a title. On the other hand, property without a title, such as jewelry, antiques, art,
and even your digital assets are usually provided for in your will or trust, and if you don’t have one
typically goes to your heirs at law. As you can see, who you have listed as a beneficiary — and not having
a beneficiary designation at all — can have serious implications for your family after you have passed
away.
Continue Reading
8. JULY 28, 2019
Not Married? You’re not alone – but you still need a plan. Estate Planning for People Living
Together, Bachelors, and Bachelorettes
Approximately half of America’s population over the age of 16 is unmarried. While much of the
discussion involving estate planning focuses on married couples, this topic is just as important for a
single person. In fact, many times it is even more important that a single person have a well-
coordinated estate plan. This is because the default laws governing estates often work poorly for
people without a spouse and may not adequately provide for a significant other or unmarried partner.
Having a cohesive and well-drafted estate plan will ensure that you protect and provide for those you
truly care about upon your death.
9. Continue Reading
JULY 21, 2019
Wondering Whether You Need to Update Your Estate Plan? Yes, You Do, and Here’s Why
Please allow us to be candid. It’s unrealistic to think that a piece of paper you draft, reflecting your life
at a certain time, will work when your life has completely changed some years later. We’ll use the
Campbell family as an example.
Meet Robert and Terri Campbell. They got their first estate plan in place when their daughter, Jamie,
was born 28 years ago. They updated it when their son Samuel came along 4 years later. About 10 years
10. BUSINESS OR ESTATE PLANNING QUESTIONS?
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ago, they got a fantastic trust-based plan in place, protecting themselves, their children, their
grandchildren, and their dog, Maddie.
Unfortunately, life got busy and, as you might guess, the Campbells put their documents in their safe
and never scheduled a review or update of their documents.
Here’s what’s changed in their lives in the last 10 years.
Continue Reading
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