An elderly gentleman I knew was a widower. He and his wife had three children, three sons. Two of the sons were dead by the time our widower passed away, but one of them was alive. (All three of his sons were teenagers when he wrote that Last Will.) Although he was an acquaintance of […]
A “Pot Trust” for Children Not Yet Fully Adult
Young parents with several children (or who anticipate having more than one child) are usually aware and concerned about the contingency that both parents might die before all of the children are out of the nest. Without Last Wills that address that contingency, the “laws of intestacy” determine how the parents’ assets are to be […]
Assets: Each a Little Estate Planning Project of its Own
How often I hear clients breathe a sigh of relief after signing their “big” estate planning documents. By “big” estate planning documents, I mean their Last Wills and, if they are using a Revocable Trust plan, their trusts. Getting those documents signed is, of course, a big step and, when it is taken, worth some […]
Adding Focus to the Estate Planning Process
The other day, during a medical test aided by a physician’s assistant new to me, she asked me what I did for a living. I told her I was a lawyer, and waited for the frown. Instead, she asked the next question, “What do you do as a lawyer?” My answer was “Estate Planning, that […]