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Monthly Archives: May 2020

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What Is at Risk If Your Will Is Panic-Written During the Coronavirus Pandemic

By Gierach and Gierach, P.A. |

The current pandemic understandably has many people panicked such that they want to make sure everything is in order with their estate plan. However, it is extremely important that, as a result of the pandemic, you do not rush into drafting or updating your estate planning documents, especially when it comes to writing your… Read More »

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The HEMS Distribution Standard: Administering Trusts During a Recession

By Gierach and Gierach, P.A. |

When the economy goes through a downturn, as is occurring now during the coronavirus pandemic, where a number of people have lost their jobs, expenses are increasing, and some are also experiencing expensive health crises, trustees are often under more pressure to distribute assets under what is known as the “HEMS” standard, which is… Read More »

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If You Own a Second Home, Make Sure You Plan for It in Your Estate Plan Now

By Gierach and Gierach, P.A. |

More than seven million Americans have second (or vacation) homes, and many are now concerned that, as a result of the coronavirus bailouts, they could face an increase in estate taxes in the next few years. For this reason, planning for these assets is a very important part of your estate planning process, and… Read More »

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Current Estate Planning Opportunities in The Market/Stock Sell-Off

By Gierach and Gierach, P.A. |

People are understandably concerned right now about the state of the market and portfolio losses, and what they need to do, right away, in order to ensure that they have basic estate planning steps in place. We have already discussed how important it is to ensure that, at a minimum, you have a will,… Read More »

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