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Estate Planning Archives

Is it really possible to avoid probate?

As soon as one begins looking into estate planning and creating a plan to leave property to heirs and beneficiaries, it doesn't take long to run up against the looming possibility of probate. When an estate passes through probate, the state assumes an individual's estate and distributes it, but at great potential expense to the value of the estate and significantly increasing the amount of time that beneficiaries must wait to receive anything.

Estate planning without children might be challenging

There are many different challenging situations that come up when you are creating an estate plan. For adults who haven't had children, there are some unique obstacles that must be faced. In many cases, these individuals might think that they don't need an estate plan, but this is far from the truth.

Robin Williams' Estate Plan Has Problems That Can't Be Fixed

Mork on TimeRobin Williams was THE comedian if you are a Gen-Xer like me. We grew up watching Mork & Mindy. And those of us who live in Boulder have, since his death, gone by the Mork & Mindy house and said our farewells there. What do we have to criticize about Robin Williams' Estate? First, let me make my motives clear.

Estate Planning! The Cure to Unhappiness about Thick Stacks of Legal Papers!

That's about right at, say, 3"Most of us think, "thick stack of legal papers"? Ugh! "No, thank you!" But when it comes to estate planning, it's just the opposite. You see, legal problems in estates are often caused not by bad estate planning, but by Failure-To-Plan ("FTP"), even in estates where the person or couple thought they'd done everything right.

How Forbes Got Major Errors in Estate Planning Wrong - Part II

Online or DIY Rather Than Professionals

There are dozens upon dozens of websites that will profess to offer you just the right discounted estate planning documents... Internet sites can provide you with documents but no actual advice that fits you in the context of your specific financial and personal life. What happens when the laws change? Does the document create an unnecessary tax if the state and federal law diverge substantially? Also, use an experienced estate attorney. Forbes.com

Estate Planning Technology Develops Quickly

Law BooksWhen people think of technology, they think of a fast-paced, growing field. When they think of the law, they tend to think of stagnant printed volumes of laws stacked together in a library. The difference between the pace of technological development in space technology and estate planning technology is not as great as many imagine.

Holidays with Your Parents: Next Steps

It's that time of year again. No matter what your religion or traditions, you may be planning to use time off from work to visit with family including your parents. Some children will notice their parents slipping - unable to process things the way they used to. Other parents will appear just fine but you'll still worry about the what-ifs.

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