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 […]
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 […]
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, 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. PerryOur office speaks with many families everyday regarding their estate planning goals and concerns. This is one of the most common concerns amongst our clients:“I Want the Government to Stay Out of My Family’s Private Lives After I’m Gone”Most of us can relate to this statement. We work all our lives to […]
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 […]
I was speaking with a client recently regarding the aspect of potential long-term care planning. This client was very worried about not having enough money to pay for their long-term care costs and had begun to investigate the possibility of attempting to qualify for Medicaid later in life, should this become an issue.Specifically, this client […]