by Daniel A. Perry, Esq. My name is Daniel Perry and as an estate planning attorney, I am granted the unique and rewarding experience of helping families establish the necessary and basic legal protections to protect their family. The type of planning I am going to discuss is not a viable option if you have […]
By: Daniel A. PerryIt’s easy to be misinformed about probate and trusts. Because of false information, many families that go through probate end up dealing with a stressful process that is much longer than any of them ever considered, exposing their family’s private financial matters to the entire world to see.Example:Joe and Elizabeth had been […]
By: Daniel A. Perry In my law practice, I often hear the same statement from families:“I have everything set up in case myself or my wife pass away. We have a bank account, an IRA, and an investment account totaling $250,000. All our accounts have two of our children listed as beneficiaries. The third child we […]
By: Daniel A. Perry Many of us worry about what will happen to our families should we unexpectedly pass away. Some of us are also worried about our loved ones paying our bills, handling the funeral and other financial obligations that we leave behind. Therefore, I want to tell you a story about Elizabeth, a client […]
By: Daniel A. Perry A common question raised by the child of a deceased parent:“I want to be the administrator of dad’s probate estate, what do I need to do?”Unfortunately, the process is not that simple. In addition, being named the administrator of a probate estate comes with certain responsibilities. If you make mistakes in the […]
By Daniel A. Perry, Esq.Today, I want to talk about the often-overlooked estate income tax filing requirement. I was speaking with a client recently regarding the settlement of her late father’s estate. We were reviewing the matter and she made the statement, “inheritances are not taxed so we do not need to worry about any tax […]
Estate Planning for Unmarried Couples – Your Estate Planning is Extremely Important! By: Daniel A. Perry If you are an unmarried couple, your estate planning concerns are much different than a married couple. The most obvious concern is that if you are an unmarried couple and you pass away without any estate planning (no will, […]
By: Daniel A. Perry If you are an unmarried couple, your estate planning concerns are much different than a married couple.The most obvious concern is that if you are an unmarried couple and you pass away without any estate planning (no will, no nothing), then your property will pass according to the intestate succession laws. In […]
By Daniel A. Perry, Esq.Many families consider providing a portion of their estate to a charitable organization upon their death. For example, let’s look at the Hilton Hotel chain. The Hilton hotel was first started by Conrad Hilton in Texas and grew to become an international company. When Mr. Hilton passed away, he left the […]
By: Daniel A. Perry I often receive questions from clients is about their financial accounts. Many of my clients have mutual funds, IRAs, investment accounts, stocks, bonds, and joint bank accounts. As most of us are aware, you can name a beneficiary on these accounts. So long as a beneficiary is named on these accounts, and […]