Preserve Your Legacy

Estate Planning | Elder Law | Special Needs Planning

Blog Posts in June, 2012

  • LEAVE YOUR EMAIL PASSWORD

    When you pass away , it’s often necessary for someone else to be able to access your email account. Many business deals today are done almost solely by email and to properly wrap up your affairs, someone will need to check your email to make sure that there is nothing that needs to be acted upon. Accessing someone else’s email is difficult without a password, however. The person attempting to ...
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  • LESSONS FROM THE PENN STATE SCANDAL

    It’s hard to think of almost anything good that has come out of the scandal at Penn State. When children are abused, it’s never good. Now that Jerry Sandusky has been convicted by a jury of his peers, however, it’s time to ask what we can learn from the scandal. There are certainly a lot of lessons that should be learned by university administrators and athletic departments, but this is an estate ...
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  • ESTATE PLANS FOR UNMARRIED COUPLES

    Our legal codes often do a particularly poor job of keeping up with how people actually live. Our legal system developed out of the traditions of Medieval England and were refined in the 19th and early 20th centuries. Throughout those times periods, a man and a woman got married and typically stayed married until they passed away. Our estate laws assume that’s what everyone does. However, today, ...
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  • ESTATE PLANNING PUZZLES

    People who create their own estate plans often make the mistake of thinking that they only need to use one legal instrument and that it will take care of everything. This is usually a Revocable Living Trust . While a Living Trust is a great estate planning tool, it is probably not the only thing you need. Estate planning is more like putting a puzzle together to find the right fit between various ...
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  • HOW MUCH MONEY DO YOU NEED FOR A TRUST?

    A question that often comes up in estate planning is “How much money do you need to get a Trust?” The question is a fundamental misunderstanding, but a common one. Although there would not be much point in doing so, you can put as little as a single penny into a Trust . The question is based on the premise that Trusts are designed for rich people. It’s a false premise. Trusts are designed for ...
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  • ESTATE LITIGATION AND RELATIONSHIPS

    Everyone knows that there are more important things in life than money. However, when we feel aggrieved, it’s often hard to remember that, especially after the death of a loved one. This sometimes leads to poorly thought out estate challenges after someone does not receive an expected inheritance. There is no doubt that it hurts when you do not receive the inheritance you expected and think you ...
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  • ACT NOW TO MINIMIZE THE ESTATE TAX

    If your total estate is between $4 and $15 million, then you need to speak to an estate planning attorney as soon as you possibly can. If you do not act before the end of 2012, then your estate is likely to face unwanted estate tax issues. An Estate Planning attorney can help you minimize issues with the estate tax. No one knows for certain what the estate tax will be in the future. All that can ...
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  • CONSIDERATIONS IN DESIGNATING A HEALTH CARE PROXY

    One of the most important decisions that you will ever make is who you should appoint to make your health care decisions when you are no longer able to do so. The designation is made in a Health Care P roxy document. Most people instinctually think that they should name a spouse or family member. That is often the best person to appoint. However, there are other things to consider. The person that ...
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