A divorce can be an overwhelming experience that impacts every facet of your life. Your estate plan might not be at the forefront of your mind, but a divorce will affect it. Many people forget to update their plan or put it off until it’s too late. Failing to update your plan for divorce can have several potentially tragic consequences. …
In 2008, Congress passed House Resolution 1499 which recognized the need for the public to understand the importance and benefits of estate planning and designated the third week of October as National Estate Planning Awareness Week. Notably, this Resolution passed without objection on the bipartisan sponsorship of 50 representatives. Nevertheless, according to a 2021 survey conducted by Caring.com, only 33 …
What is the best investment you have ever made? It could have been stock options in a company, an NFT, an investment property, or a collectible item. As entrepreneurs, we think the most valuable investment you could make is to invest in yourself. The return on your investment (ROI) of yourself will help you to enjoy the profits now as well …
Planning a vacation is fun and exciting, however, there is a lot of preparation before the experience. The lists of what to do and what to bring is important but not as important as remembering to ENJOY a vacation. It’s supposed to be fun and relaxing, or at a minimum, memorable. Also, you can probably get plenty of deep thinking …
The term “estate planning” can sometimes seem cold and formal, even to an estate planning attorney. As a legal term, “estate” encapsulates everything you acquire throughout the course of your life: homes, property, stocks, wealth, and belongings. But is that really all you are? What about your values, the life lessons you have learned, the wise counsel you could pass …
Wisdom and death. These two words maintain an interesting relationship. Some people only gain the former after the latter has happened to someone close to them. How many times have we all heard that someone changes their outlook on life after the death of a loved one? There are multiple social media memes that ask you to hit “like” if …
These days, when the US Supreme Court decides a matter 8-1[1], it should be “breaking news!” That the case also involves estate planning matters means that you should know about it as soon as possible. So as not to keep you in suspense, here’s what is important. For life insurance policies that a married couple purchases and cross-designates the beneficiary, …
Sending your kids off to college is a bittersweet experience. Some parents are reluctant to let their children out into the real world, constantly worrying about their health and safety. Others are eager to remodel the child’s bedroom or take the couple’s vacations they never could when their kids were young. No matter how you feel about your child’s imminent …
Spring is in full swing and summer is right around the corner! This means that it is spring cleaning time and summer slim down! Shake out the rugs, clean out the cupboards, and donate those clothes that might not be fashionable anymore. This is also an excellent opportunity to get your legal and financial affairs in order. For many, it’s …
You started your own business to have full control over your finances and your future. However, if you attempt to pass on business assets in a personal estate plan, your authority could be gone in an instant, leaving your profits, employees, and reputation in the hands of the Florida probate courts. If you own part or all of a business, …
