Understanding How COVID-19 May Affect Estate Planning
Make Sure Your Estate Plan Is Prepared for Coronavirus With over 2.6 million confirmed cases worldwide, almost everyone is guaranteed to be affected by COVID-19 eventually. Though there is no guarantee that you will catch the disease or suffer dangerous complications from it, these unusual times are still a great...
Taking Advantage of the Down Market for Estate Planning
Being Opportunistic With Estate Planning During COVID-19 COVID-19 has unleashed a wave of selling on Wall Street, which has negatively affected stock asset values. The stock market is off nearly 20% as of late April 2020, and the economy seems headed for a long period of uncertainty. You should review your estate...
Getting an Estate Plan in Place Quickly
Completing an Estate Plan Quickly During a Crisis More than half of Americans do not have an estate plan in place, but the coronavirus pandemic may change that. Given the risks posed by COVID-19, many estate planning lawyers are looking to help clients complete the process as quickly as possible. Consider the...
Preparing for a Medical Emergency With the Right Legal Documents
Make Sure Your Wishes Are Followed If You Get Sick Only one-third of Americans currently have advance directives in place that dictate how they want to be treated if they fall ill. There are multiple types of legal documents you can create that make sure that you get the type of care you prefer if you are too sick to...
Do You Need to Update Your Will?
Reasons Why You Might Need to Update Your Will A will should incorporate all your final wishes for property distribution and any other decisions that need to be made at the time of your passing. However, these "final" wishes may not be so final as inevitable life changes could impact the way you want your assets...
Suing a Trustee for Breach of Duty
Filing a Lawsuit Against a Trustee When it comes to dealing with the property of a trust, the trustee occupies a special position. Many people do not realize that a trustee can be sued if they do not do their job properly. In particular, legal action may be warranted if the trustee violates their fiduciary duty. What...
Divorce and Your Estate Plan
Changing Your Estate Plan After Divorce Roughly half of all marriages in the U.S. end in divorce. As you might imagine, the end of a marriage could wreak havoc on a carefully considered estate plan. However, many divorcees delay in updating their wills and trusts. The Effects of Divorce on an Estate Plan Spouses are...
Why You Should Consider a Spousal Trust
Spousal Trusts Can Benefit Your Family Nearly half of marriages in this country end up in a divorce, and this presents challenges in the area of estate planning. Equally as difficult are situations where the spouse remarries later in life with significant assets and a blended family. One estate planning tool that...
Wills and Trusts: Which Option Is Right for You?
Do You Need a Will or a Living Trust? According to a 2019 survey, 57% of adults in the United States do not currently have a will or living trust. Many of these people delay creating estate planning documents because they feel like the process is confusing and worry about picking between a will and a trust. However,...
Avoiding Estate Litigation After a Second Marriage
Changing Your Estate Plan After a Second Marriage For many, a second marriage is a blessing because it offers a new chance to find happiness. For estates, however, second marriages are a common cause of litigation as two sets of children and a second spouse may all attempt to vie for the available assets. While your...