Tag: lawyer

Another Super Star Dies Intestate: What happens now?

This is not the first time it happens and, sadly, it continues to happen. Prince, as did Elvis Presley, died intestate – without an Estate Plan. There was no Will or Trust drafted. The consequences? Well, the answer would be court battles, family disunity,…

How to Avoid Sending Your Loved Ones (and Assets) through Probate

Today many people are using a revocable living trust instead of a will or joint ownership as the foundation of their estate plan. When properly prepared, a living trust will avoid the public, costly and time-consuming court processes guardianship (due to incapacity) or probate…

Trust Planning? What are my options?

Creating an estate plan that works can seem daunting.  However, that’s what we, as estate planning attorneys, do every day. We know the laws and know how to design the right plan that works for the needs of the individual client and the client’s…

La Ley de Ajuste Cubano aplica a NO Cubanos.

La Ley de Ajuste Cubano aplica a NO Cubanos? Si! Me han hecho esta pregunta incredulamente muchas veces. La respuesta, sigue siendo positiva. La ley de ajuste cubano aplica a personas que no son cubanas y a sus hijos cuando se han casado con…

HELP! This Probate Is Taking Forever!!!

After a loved one dies, his/her  estate must be probated (court action through which assets are transferred to heirs or beneficiaries). While most everyone wants the probate process to be done as soon as possible, probate can take a year and more, even for a…

Are you old at 50? Financial Smarts peak at 50 –Here’s How to Protect Your Older Self.

A recent study conducted by Texas Tech University concluded that the ability to make smart financial decisions peaks at age 50.  This decline was observed in both men and women, making both sexes equally vulnerable to financial fraud as they age. 4 Tips for…

Early Predictions About 2016 Estate Tax, Gift Tax, GST Tax and Annual Gift Tax Limits

Under current law the federal estate tax, gift tax, and generation-skipping transfer tax exemptions have become unified and are indexed for inflation on an annual basis.  Since 2011, the exemption and tax rate have changed as follows: Year    Exemption       Tax Rate 2011    $5,000,000      35%…

Happy Father’s Day!

In the years I have been an attorney, nine this year to be more exact, I have come across many more great fathers than I ever expected. I grew up in a society who thought that the Mother is the utmost and only and…

Memorial Day.

Memorial Day We don’t celebrate Memorial Day. We Remember. We honor. We just happened to be traveling this weekend and one of our most important stops during our trip was the current home of the USS Alabama in Mobile, Alabama. The USS Alabama is a…