These are the 11 things you should ask before engaging an estate planning lawyer to help you plan for the well-being of your money, your family and your life. Do you prepare a comprehensive plan for my kids’ care if something happens to me, like the Kids Protection Plan™ that names short and long-term guardians…
Through blogging and social media, I have had the pleasure of "meeting" and getting to know a vast array of excellent attorneys and other professionals. One of them is Mina Sirkin. Mina N. Sirkin is a Family Wealth Lawyer in Los Angeles, California. She is also a Certified Specialist in Estate Planning, Probate and Trust…
Deposit Insurance Coverage Changes to FDIC Deposit Insurance Rules for Revocable Trust Accounts FIL-99-2008Revised as of October 8, 2008 Summary: The FDIC has adopted an interim regulation simplifying the rules for insuring revocable trust accounts – commonly known as payable-on-death accounts and living trust accounts. The new rules are easier to understand and apply, and…
When it’s time to divorce, spouses have important choices to make about how to proceed and what type of help they’ll ask for from others — including lawyers, mediators, and other professionals. Some people will go on to a lengthy high-conflict divorce with attorneys representing each side, trying to get everything they possibly can. Others…
19-2-1. (a) The domicile of every person who is of full age and is laboring under no disability is the place where the family of the person permanently resides, if in this state. If a person has no family or if his family does not reside in this state, the place where the person generally…
19-1-1. (a) As used in this Code section, the term ‘domestic relations action’ shall include any action for divorce, alimony, equitable division of assets and liabilities, child custody, child support, legitimation, annulment, determination of paternity, termination of parental rights in connection with an adoption proceeding filed in a superior court, any contempt proceeding relating to…
The following is another article written by Personal Family Lawyer and founder of the Family Wealth Planning Institute, Alexis Martin Neely: When your parents die, you are the one who will be responsible for taking care of everything they leave behind. My dad died a couple of years ago and even though my stepmom was…
You also should be aware of the other procedures involved in estate settlement. Here is a quick review of some of them. Your attorney, as well as the organizations mentioned, can provide more details. Transferring property When thinking about transferring your property, what probably first comes to mind are large assets, such as stock, real…
You have two basic choices for transferring your assets on your death: the will, which is the standard method, and the living trust, which is rapidly growing in popularity. If you die without either a will or a living trust, state law controls the disposition of your property. And settling your estate likely will be…
Because estate planning is not just about reducing taxes but also about making sure your assets are distributed as you wish both now and after you’re gone, you need to consider three questions before you begin your estate planning. Who should inherit your assets? If you are married, before you can decide who should inherit…
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When it comes to estate planning, there are 5 ridiculous myths that could cause your plan to crumble and fall apart when your family needs it the most.
Whether you already have an estate plan or you have ZERO documents in place, this report will help you identify common myths and mistakes so that you can FIX any problems, make the right decisions and properly safeguard the people and things you love.
BEFORE YOU GO ONE STEP FURTHER WITH YOUR PLANNING….
Download this free special report from attorney Steve Worrall and discover:
• The most common reason why estate plans FAIL when families need them the most (…this can happen no matter how much you paid or how great your attorney was!)
• Why estate planning is not just for the rich or elderly, and the bare minimum documentation every adult over 18 needs in place
• Why your kids may still end up in the care of social services, even with guardians named, if something happens to you
• One common oversight that may force your estate into probate, even though you have a rock-solid trust in place
• Why your family may not be able to honor your most private health care wishes if something happens to you
• …and more!
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National Healthcare Decisions Day is on April 16th, and it’s an important reminder for every adult to let someone know their most private wishes about medial treatments and possible end-of-life care. Far too many people assume that their families would make the choices they would want in an emergency. Yet everyday we hear stories of…