The Importance of Succession Planning

I’ve explained in previous posts how one of the major objectives of estate planning is to make sure your assets and belongings go to the people and organizations you want after you pass away, with as little delay and costs (fees and taxes) as possible. But good...

Last Will v. Revocable Living Trust

Most of my clients are familiar with a “will.” You probably are too. A will is an important document that allows you to name guardians for your minor children and designate beneficiaries to receive your property after your passing. You might even have downloaded one...

Components of a well-drafted Estate Plan

If you’ve been following this blog, you’ve learned by now that you have an “estate” (no matter how small or large) and that you need a “plan.” But you’re probably wondering, what exactly goes into an estate plan? To be clear,...

What exactly is estate planning?

Benjamin Franklin famously stated: “There are only two certainties in life–death and taxes.” Estate Planning deals with both. A common definition of estate planning for married couples is provided below: We want to: Control our property while we are...

Do I really have an “Estate”?

I’ve been asked a lot over the past few weeks what type of law I practice at my new firm. When I respond that we are a boutique estate planning and business litigation firm, I’ve often been getting the same general response: “Awesome! Well I...