Thirteen Estate Planning Terms You Need to Know Estate planning—it is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor children, choosing healthcare
We are fans of giving credit where credit is due when we come across something fantastic. Last week Jerimy (owner and name partner here at Jerimy Kirschner and Associates) found an incredible article by Karen Hube called “Passing Values Through Generations with Family Legacy Trusts.” If you’d prefer appreciate the author on their server, please
Undue Influence is defined as “influence by which a person is induced to act otherwise than by their own free will or without adequate attention to the consequences.” The concept of undue Influence is no stranger to Estate Planning attorneys and their staff. Undue influence is rapidly affecting our aging and disabled population in not
Each and every person in this state, in this county, and on this planet is different. We are not carbon copies of each other! Since we are all individuals with unique ideas, hopes, and dreams, why should your estate plan be the same stale, repetitive plan that your neighbor has? It shouldn’t be! And we
More Americans than ever before are learning the importance estate planning, yet only about half of Americans have any type of estate planning in place. Many identify cost or plain discomfort as the reason for avoiding estate planning. Of those identifying cost, an increasing number have turned to cheap “do it yourself” estate planning they
If you become incapacitated or pass away without an estate plan, then your home state will reach to its default rules to make decisions for you. Unfortunately, those default rules may be entirely the opposite of your wishes. Moreover, those default rules may result in a lot of family conflict and money wasted on attorney
Celebrities! They are just like us, even when it comes to Estate Planning. It seems shocking that so many big names in Hollywood repeatedly fail to have estate planning documents prepared. The rich and famous have massive estate so you would think they have the money and resources to allocate air tight estate planning. And
If you already have an Estate Plan, you’re our kind of people! You’re on top of things and are more prepared than the vast majority of Americans. Unfortunately, Estate Planning is not a one and done type of situation; Estate planning is an ongoing process. Frankly, it should be a once every few years process.
Most people have heard of a Will, a Power of Attorney, or a Trust. I love the fact that these documents have become common knowledge and household terms but it’s so frustrating when so many people think Estate Planning isn’t necessary for them; estate planning is for other people, like the elderly and the rich!
Small business owners are going through financial hardship as a result of the lock-downs or may experience hardship as the shutdown continues. Understand that you are not alone and there are resources available to you. The Small Business Administration is extending disaster relief loans to eligible business in Clark County to help small business make