If there is one word that keeps many families from engaging in estate planning it is …procrastination. I am always amazed by the number of people who put off planning their estate. In fact, 64% of Americans do not even have a will!If you have loved ones who depend on you and you do not get […]
I was speaking with a client recently and we were discussing their jointly owned property. This client owned all of their bank accounts, investments and home jointly with their spouse.This client told me that they read something online that said that they could make the settlement of their estate very easy if they simply named […]
By Daniel A. Perry, Esq.This is a question that I address on numerous occasions with many of my clients. Unfortunately, many times, people pick the wrong successor trustee for their living trust.TrustsAs a brief summary, a trust has three parties. First, you have the grantor (sometimes called the trustor or trustmaker). This is the party […]
There are many people who have heard of the problems surrounding probate administration, mainly the costs and time involved to administer a probate estate. However, one aspect that many families fail to consider or fail to plan for is regarding what to do in the event that a person becomes incapacitated. There are many attorneys, […]
By Daniel A. Perry, Esq.As a Trusts and Estates attorney, I have seen a lot during my career. I have represented clients during the planning stage, and I have represented families in estate settlement after the death of a loved one. However, I have also represented families when disputes arise among family members during the […]
by Daniel A. PerryEvery time I speak with clients regarding setting up and establishing their estate plan including their Last Will and Testament, Disability Legal Documents, and Trust documents (whether they are revocable or irrevocable), I always tell my clients the same thing.“We Can’t Stop Here Now That All Your Documents Are Complete. We Must […]
by Daniel A. Perry, Esq. I was speaking with a family recently following one of my educational events. This family explained to me that for years that they knew they needed to update their previous revocable living trust from five years ago. You see, the husband’s brother, who was going to be the successor trustee […]