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 to you about the issue that many of my clients face when combining families as the result of a remarriage.Combining households later in life can be tricky. Whether it is remarriage after the death of spouse, or after a divorce, there are issues that must be […]
By Daniel A. Perry, Esq.Today, I’d like to speak to you about somewhat of a controversial topic. I was recently speaking with a client who asked me “Dan, should we step in and stop our parent from spending their money on these vacations and trips with his new spouse?” This is usually a very uncomfortable question and […]
By Daniel A. Perry, Esq. I was recently speaking with a client who said to me “Dan, I have a simple situation. My financial advisor said all I need is a simple will, powers of attorney, and advanced healthcare directives. My financial advisor told me that since all my accounts have beneficiary designations and my estate […]
By Daniel A. Perry, Esq.There is so much information out there on the internet. Some is accurate, some is misleading, and some is just flat out false. In the age of information, we have a host of information at our fingertips as not seen before at any point in our history. However, how do we […]
By: Daniel A. Perry For many of my clients, they are on their second marriage. Recently, I was speaking with a married couple who told me that they each had been married before and have adult children from a prior marriage. Both clients had completely different needs when it came to their estate planning.One spouse wanted […]
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 […]