The Perils and Pitfalls of Joint Ownership of Assets

People often set up bank accounts or real estate so that they own it in joint ownership with a spouse or other family member. The appeal of joint tenancy is that when one owner dies, the other will automatically inherit the property without it having to go through...

When Your Child Turns 18 Take These Important Three Steps

If your child has reached the teenage years, you may already feel as though you are losing control of her life. This is legally true once your child turns 18 because the state considers her to be an adult with the legal right to govern her own life. Up until your...

How to Protect Your Child’s Inheritance from An Untrustworthy Spouse

Parents who develop an estate plan often do so to provide for their heirs financially. They, like you, want to protect your child’s inheritance from an untrustworthy spouse. Many want to make sure hard-earned assets, family heirlooms, or closely held businesses...

The Complex Modern Family Requires a New Estate Planning and Elder Care Model

A new book suggests that estate planning and elder care and a loved one’s death are especially important for today’s complex modern families. In Homeward Bound: Modern Families, Elder Care, and Loss, the authors contend that the current approach to estate...

Life Events that Require a Review of Your Estate Planning

Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated and upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts, estates,...

How Estate Planning Can Help a Loved One Who Struggles with Addiction

Substance addiction is by no means rare, impacting as many as one in seven Americans. Because of its prevalence, navigating a loved one’s addiction recovery is actually a relatively common topic in everyday life. But you should also consider it when working on your...

The Top 2 Ways the Court Gets Involved in Your Estate, and How to Avoid Probate

No one wants unnecessary court involvement in their life. But without careful and proactive estate planning, chances are that some aspect of your estate will end up being decided there. With proper planning, you can avoid probate and a living probate. Here are two of...

How You Can Build an Estate Plan that Includes Asset Protection

Much of estate planning has to do with the way a person’s assets will be distributed upon their death. But that’s only the tip of the iceberg. From smart incapacity planning to diligent probate avoidance, there is a lot that goes into crafting a comprehensive estate...

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