Oct 15, 2024 | Insights
Best Friends Animal Society, a nonprofit animal welfare organization, recommends that owners arrange to have emergency and permanent caretakers for their pet.[1] According to Best Friends, pet owners should:[2] Arrange for multiple caretakers. Decide whether multiple...
Oct 8, 2024 | Insights
Although we live in a world where information is easily accessible through the internet, there are still many misconceptions surrounding estate planning. Most of us do not dedicate our time to learning more about topics like estate planning, because we may not know...
Oct 1, 2024 | Insights
Can Someone Else Pay for My Estate Plan? Estate planning is not just for the wealthy. Every adult should have an estate plan, yet surprisingly, most Americans do not. The perceived cost of creating one is among the most cited reasons for a lack of estate planning. The...
Sep 24, 2024 | Insights
The ordinary meaning of the word residue is a leftover part or remnant. In estate planning, residue has a special meaning, referring to the portion of a deceased person’s assets that remain after all debts and taxes have been paid and gifts have been made to...
Sep 17, 2024 | Insights
Although parents can be highly creative and detailed in structuring conditional gifts, their freedom to impose terms is limited. In general, courts will not uphold conditions that are illegal, uncertain, unreasonable, impossible, or contrary to public policy. Here are...
Sep 10, 2024 | Insights
You have two primary options for leaving an inheritance to a child. The most straightforward is to give it to them in a single lump sum, with no strings attached. But this might not be the best option for some children. You may be concerned about the child’s ability...
