Monthly Archives: March 2020
The Rising Rate of Gray Divorces After Age 50 Are Complicating Estate Planning Issues
We’ve discussed how to use assets such as life insurance to strategically plan your estate after your divorce, however rising divorce rates amongst Americans after the age of 50 (known as a “gray divorce”) can cause a number of conflicts when it comes to estate planning, especially when it comes to family strife and… Read More »
The Most Important Estate-Related Mistakes to Avoid When It Comes to Probate
After you pass, your will must be legitimized through the probate process, whereby the judge reviews the estate inventory, confirms who is administering it, and validates that it is in fact the last will of the deceased. Until this process is complete (which typically takes between six months and three years), it is not… Read More »
Using Trusts in The Right Way
You’ve heard it time and time again: Even if you have a will, you have not necessarily engaged in estate planning and you definitely are not “done” in the sense of making sure you and your loved ones are taken care of if something happens to you and/or your spouse. This is because your… Read More »
Estate Planning for A Farm
While a farm is technically property, good estate planning for a farm can sometimes be different than planning for other property in that some families have owned and worked that land for decades and have very specific goals in mind when it comes to succession planning. Estate planning when it comes to farms also… Read More »