Monthly Archives: August 2021
3 Types Of Personal Property And How They Affect Your Estate Plan
You may have heard the advice that decluttering is an effective form of estate planning, but you might have written it off as cheap propaganda by social media influencers who are not young and agile enough for TikTok dances, so they base their influencer persona on being tough on clutter. You have probably heard… Read More »
You Can Transfer Your Ownership Interest In The Family Business To The Next Generation Outside Of Probate
The limited liability company (LLC) is an increasingly popular type of business structure. It offers a lower tax burden for its owners, and the company can have as many or as few partners as you choose; the partners can be people or companies. The biggest reason for the popularity of the LLC business structure,… Read More »
There Are Worse Things Than Being A Millennial Golden Girl
The old generation loves to fret about how the values of millennials differ from those of Baby Boomers, but estate planning lawyers accept that everyone’s financial values are unique. So what if you splurge on avocado toast but consider disposable dinner napkins wasteful? You need an estate plan as much as your parents do. … Read More »
Life Insurance: An Estate Plan For The 99 Percent
Estate planning lawyers emphasize the importance of keeping your assets out of probate when possible. When an asset passes to the beneficiary without probate, the beneficiary receives it more quickly and usually does not have to pay taxes on it. Placing assets in a trust and designating certain types of accounts as transfer on… Read More »
