By: Daniel A. PerryI was working with a family earlier this year regarding the probate court process. This family lost their mother suddenly. Further, they told me that their father passed away about seven years ago. Their mother died with a will and the family had a lot of questions. Their mother owned a home, […]
By: Daniel A. PerryI was working with a family earlier this year regarding their mother’s probate estate. When I work with a family through the probate court process, I always get asked “what is all of this going to cost?”Every time I hear that question I respond the same way, “that is almost impossible for […]
By: Daniel A. Perry Recently, I was speaking with a couple regarding their rental properties and other investment properties. This couple owned properties in the state and out of the state. In addition, they were also silent partners in a small business which was generating them a decent amount of revenue. When I asked the […]
By: Daniel A. PerryHow comfortable would you be with your spouse inheriting your small business? Or, how comfortable would you be with your children inheriting your small business? Are you confident that your business partner or partners would not fight in an attempt to buy the share from your spouse and/or children?Unfortunately, without proper small […]
by Daniel A. Perry, Esq.A common story that I hear nearly every day in my law practice is regarding the nursing home. Almost every week I will receive a call to my office from the adult children of an aging parent. The children almost always call in a panic because they admitted their mother to […]
Every time I meet with a client I hear the same misconception, “We have life insurance, but that is tax free for our children, right?” Wrong! Life insurance death benefits are not necessarily tax free. Life insurance death benefits are included in your taxable estate when it comes to calculating the estate tax liability. Therefore, let me […]
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 […]
by Daniel A. Perry How to Protect Your Family, Your Wealth and Your Inheritance A common question that I receive nearly every day from families is how do I protect my family and our wealth from creditors and lawsuits. Invariably, many people believe that by simply having a trust that your assets will be protected […]
by Daniel A. Perry, Esq. I was speaking with a wonderful group of families at one of our educational events recently on avoiding probate, avoiding unnecessary costs and estate settlement costs, and protecting your assets from the nursing home, and I met a wonderful family. This family had a very common question. They asked that […]
by Daniel A. Perry, Esq.I was recently speaking with a husband and wife couple. This couple asked me an interesting question. They asked when is it a good time to review a previously drafted estate plan. Well, that’s a great question! However, if you have to ask, then today is probably a good time to […]