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Okay, so everyone you talk to and every article you read is encouraging you to write a will. They're telling you you'll regret it if you don't do so long before you die. They tell you that if you don't have a will, your family and friends will lose everything. First, the state will come along and take almost everything in taxes, and your potential errors will be mad at you because you made such a mess of your legacy. So, you're wondering, are they right?   Yes and no.   It's pretty simple. A person with a will has… Read More

Because it can be very difficult to settle the affairs of a loved one who has passed away, quite often some of the surviving family members will have to make a number of important financial decisions on behalf of the recently deceased. Unfortunately, this occurs at a time when they are already very emotional and possibly stressed out.   One of the biggest decisions left to surviving family members has to do with whether or not they should repay debts incurred by the decedent, including such potentially large debts as mortgage loans, student loans or credit cards. Quite often, a… Read More

There are a great many things to be considered during the process of crafting an estate plan, and advances in technology have changed many of the questions that everyone must ask. A prominent example of this comes with the rise in prominence of new reproductive technologies. You and your partner may decide to have a child using methods of conception that didn't exist just a decade or two ago and they must be considered carefully.  New medical technology, referred to as Artificial Reproductive Technology (ART) can include artificial insemination, implantation of donated eggs and/or embryos, or even a very new concept; post-death… Read More

So far, you've worked hard to get where you are, financially and otherwise. You've done everything possible to scrimp and save every possible dollar. You've done everything smart people told you to do, and you can look back and smile.   So, why do so many hard-working people like you want to suddenly hand over control of everything to complete strangers when it's all over and you pass on?   If you have worked that hard, you are happy with what you have so far and you expect that to grow over time, you're probably thinking, "I don't want to do… Read More

Under the best of circumstances, creating harmony within the family is difficult, even while you’re alive and well. It takes an amazing amount of diplomacy and tact sometimes. Of course, keeping the family together after you pass away is an even more arduous task, especially since you're not there. While distributing assets and minimizing the tax bite are important to an estate plan, you should also try to keep the peace by filling key positions in your estate with the right people, keeping in mind the dynamics of those individuals within the family.   Executors Must Be Both Tough But… Read More

When it comes to estate planning, the combination of grief, money and family squabbles can be an explosive combination.  Sometimes it can be the oldest sister, who had her heart set on a deceased relative's painting, and would rather shred it than see it go to one of her younger. Perhaps it's two or three siblings, who spend thousands of dollars each in legal fees to get their hands on their grandfather's antique automobile. It can really be almost anything because, when you combine all of the elements common when a family member dies, you can get something akin to dynamite.… Read More

When the Supreme Court declared the Defense of Marriage Act (DOMA) unconstitutional last year, they allowed states to change the definition of "spouse." At the same time, the Internal Revenue Service (IRS) began recognizing such couples as legitimately married. To date, 19 states and the District of Columbia are issuing marriage licenses to same-sex couples, and the pace of adoption seems to be accelerating. While it is true that the evolution of the law is behind society, as usual, it seems like estate planning for same-sex married couples is becoming far easier and more equal. That doesn't mean you don't need a plan, it… Read More

The final estate plan is often a difficult process, but your first step is actually relatively easy. Creating an estate planning checklist is a relatively simple and absolutely essential way to begin the process, because it provides the basic framework for any plan going forward.   First, Define Your Estate Planning Goals   Before you even begin to build an estate plan, you have to know what you have. You should also be able to visualize what you want to happen to your assets when you die or become incapacitated. You'll have to know the size of your estate, the ages and abilities of… Read More

The majority of people think of workers’ compensation as benefits paid for injuries a worker sustains while doing their job. However, workers’ compensation is a system that also encompasses a whole range of illnesses that workers can suffer from because of the workplace conditions. There are certain jobs and workplaces that are conducive to the development of specific illnesses. This article will present some of the most frequent illnesses caused by the workplace environment. Heatstroke Even though construction workers are exceptionally susceptible to heatstroke, this health issue can affect pretty much anyone who works in the open. Extreme temperatures, direct… Read More

In an ever-changing world, the age-old maxim “the only two certainties in life are death and taxes” continues to resonate amongst the masses. However for LGBT couples, what sounds settled and simple is instead intricate and fluctuating. Constantly at the mercy of governmental mandates affecting every core facet of experiencing life as an LGBT couple, pro-active planning for the future is an imperative.  This is the first in a series of articles designed to assist, inspire and guide LGBT couples in a search for understanding why proper estate-planning is ultimately the most loving gift one can offer their partner.   Lesson… Read More