Estate Planning for Minors: Life Insurance

This week’s post on Life Insurance is the third in our back-to-school series, focusing on estate planning for minor children. To read week one’s post on Guardianship, please click here. For week two’s post on Asset Management, please click here. Life insurance is one of those things that many of us consider but never get […] The post Estate Planning for Minors: Life Insurance appeared first on The Heritage Law Blog .

Estate Planning for Minors: Asset Management

This week’s post on asset management is the second in our back-to-school series, focusing on estate planning for minor children. To read week one’s post on Guardianship, please click here. Here is the cold, hard truth: If YOU don’t appoint a guardian for your minor children, and if YOU do not legally document how your […] The post Estate Planning for Minors: Asset Management appeared first on The Heritage Law Blog .

Estate Planning for Minors: Guardianship

This week’s post is the first in our back-to-school series, focusing on estate planning for minor children. If you have a school-age child, by now you are already fully immersed in all things back to school. Along with all of the shopping for backpacks and school supplies, back to school is also a great time […] The post Estate Planning for Minors: Guardianship appeared first on The Heritage Law Blog .

What Happens Now to Whitney Houston’s Estate?

Following the unfortunate death of Bobbi Kristina Brown, the 22-year-old daughter of the late Whitney Houston, questions regarding the future of Houston’s $20 million dollar estate have surfaced. At the time of her death, Bobbi Kristina had received only the first payment from Houston’s estate, which had a staged distribution plan which paid Bobbi Kristina […] The post What Happens Now to Whitney Houston’s Estate? appeared first on The Heritage Law Blog .

Alzheimer’s Disease: Encouraging News & Why Planning is Crucial

Earlier this month, beloved actor Omar Sharif, whose career included star turns in “Lawrence of Arabia” and “Doctor Zhivago,” died at the age of 83, just months after his son confirmed he had been suffering from Alzheimer’s disease. Alzheimer’s disease does not discriminate. The progressive brain disorder is the sixth leading cause of death in America and affects […] The post Alzheimer’s Disease: Encouraging News & Why Planning is Crucial appeared first on The Heritage Law Blog .

How to Fund Your Trust to Avoid Probate

A common estate planning mistake many people make – including celebrities like Michael Jackson – is not ensuring the trust you have created holds all your assets. Unfortunately, most lawyers simply do not make sure this is properly handled for their clients, so if you’ve worked with any law office other than ours, you need […] The post How to Fund Your Trust to Avoid Probate appeared first on The Heritage Law Blog .

Debunking Gift Taxes Myths

Many people are confused about the subject of gift taxes. While only two states — Connecticut and Minnesota — have a state gift tax, there is a federal gift tax you may need to be concerned about. Here are some common myths and the actual truths about gift taxes: Myth: The recipient must pay taxes […] The post Debunking Gift Taxes Myths appeared first on The Heritage Law Blog .

How Seniors Can Avoid Being Taken Advantage Of

A 2010 study conducted by the Investor Protection Trust found that more than seven million older Americans — 20 percent of those over the age of 65 — had already been a victim of financial abuse. Here are some tips on how you can ensure your parents (or you in the future) can avoid becoming […] The post How Seniors Can Avoid Being Taken Advantage Of appeared first on The Heritage Law Blog .

A Touching Memorial from One of March Madness’ Greatest

It’s no secret that I’m a huge fan of March Madness, the annual college basketball tournament, but rarely does that passion overlap with my estate planning practice. Not so this year as Dean Smith, the legendary North Carolina University basketball coach, used his estate plan to leave a legacy as admirable as his on-court success. […]

Reasons to Establish a Trust (and Being Rich Isn’t One of Them)

When you hear the words, “trust fund,” do you conjure up images of stately mansions and party yachts? A trust fund – or trust – is actually a great estate planning tool for many people with a wide range of incomes who want to accomplish a specific purpose with their money. Simply put, a trust […]