Blog

July 12, 2022

One issue that can sometimes fall through the cracks of estate planning for minor children is medical authorization. Parents are not always with their young children and that’s normal. Preparing a medical authorization form for your minor children ahead of time is one way of ensuring that adult individuals who take care of your children in informal settings, like grandparents or friends’ parents, have the authority to make medical decisions on your children’s behalf. Places like schools and camps usually have their own forms.

July 6, 2022

In terms of planning for the needs of their minor children, the guiding star for parents is meeting the children’s needs in the event of the parents’ untimely death. This raises questions, first and foremost, of who will raise the children.

June 30, 2022

For some married couples—especially those with children from a previous marriage—one of the most beneficial documents you can have is called a Qualified Terminable Interest Property Trust (QTIP).

June 22, 2022

An educational trust is a kind of irrevocable trust specifically designed to pay for education expenses. There are many variations, but essentially, an educational trust involves the following:

June 14, 2022

Heirs’ property is passed down from generation to generation. An individual often gets ownership of property from their ascendants, and when they pass away, their wealth is transferred to their descendants. This is the same way heirs’ property works, but with the addition of other complexities.

June 8, 2022

Preparing a comprehensive estate plan takes time, sometimes weeks or even months. However, as we all know, life sometimes throws us a curve ball and emergencies happen. Perhaps an emergency caused by a physical condition, such as a newly discovered, imminent, and terminal condition, or a highly risky surgery must be undergone. It can also be triggered by external factors, such as unexpected travel plans to an unstable region, a likely militarized conflict, or an environmental disaster. Although it may be tempting to skip certain procedures suggested by your attorney, it is wise to make every effort to follow these protocols in order to ensure that the prepared estate plan is in the proper legal format and carries out the testator’s wishes.

June 1, 2022

Although NFTs are considered “a new kid on the block,” many experts predict that they will become mainstream and valuable in the future. These credible forecasts are accelerating the popularity of NFTs (NFT sales up 38,000% year-on-year according to DappRadar). The rapidly developing popularity of NFTs is also confirmed by their impressive price tags – for example, Beeple's image collection sold for over $69 million! Some are purchasing NFTs for their own amusement, while others see them as a worthy investment. The question is whether they should be included in one’s estate plan.

May 24, 2022

An Advance Directive for Health Care or “advance directive” is simply a document that gives you the opportunity to describe how your family members should make health care decisions on your behalf should you become incapable of making them yourself.

May 17, 2022

You decided that you need a will - great! This is a responsible and important thing to do for your loved ones. However, if you decide to put it together yourself, there are a number of big and small mistakes to watch out for. Here are the top five mistakes a non-lawyer can make when drafting a will:

May 11, 2022

If you are the parent of an adopted child, there are some specific estate planning considerations that you need to keep in mind. Unlike biological children, adopted children may not have a legal right to inherit from their biological parents, but they do have the legal right to inherit from their adopted parents. In this article, we will discuss some of the most important things to keep in mind when creating an estate plan that involves adopted children.