When the Cloud Offers Shelter From the Storm, Protect your Legal Documentation

It’s been the season for devastation, with three storms ravaging the U.S. and Caribbean. The human costs of these storms are hard to contemplate. But there can be smaller costs that cause pain, too: Lost photos, keepsakes and mementos of lives well lived are often casualties of storms. The same is equally true of important…

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You and Your Spouse Profoundly Disagree About Estate Planning : A Science-Based Guide to Get Things Unstuck

Disputes over inheritance can get ugly, quickly. But what happens when loved ones disagree about estate management, even at the planning stage? Resolving these disputes can be critical, because disputes over inheritance can be devastating to a family, emotionally, and financially. If you and your spouse are struggling with some estate planning, here are some…

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It’s Back to School Time Are You Leaving Something (Legal) Undone?

It’s that time of year again! The Target and Office Depot ads are running! Preparing to send our children back into the school year is one of parenting’s biggest chores and greatest reliefs (if you agree with all the advertisements). We’re busy gathering supplies, buying clothes, and making periodic attitude adjustments for both self and…

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When Life Doesn’t Cooperate: Preserving Your Legacy Amid a Health Crisis

Preserving Legacy is an important moving piece to your estate planning. It’s the news no one wants to hear. Uncomfortable though it may be, imagine for a moment that your doctor has just diagnosed you with a serious or debilitating medical illness, or told you that your current condition is taking a turn for the…

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Estate Planning Nightmares: Barry White’s Son Sues His Father’s Estate, Widow

When done thoughtfully, good estate planning should help prevent family quarrels and protect private financial information from being brought into the public eye. Apparently, such was not the case for three-time Grammy Award winning R&B singer Barry White, who died in 2003. As TMZ reports, Barry’s son Darryl is suing his father’s estate and Barry’s…

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Which life events that require an immediate estate plan update?

Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts, estates, generation skipping transfer and probate court costs. However, your plan must…

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Estate Planning: How to Protect Your Child’s Inheritance from His or Her Untrustworthy Spouse

Estate Planning does so much more than just avoid probate.  Parents who develop an estate plan often do so to provide for their heirs financially. Many want to make sure hard-earned assets, family heirlooms, or closely held businesses stay within the family. Indeed, a common question is what cost effective options are available to protect…

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How a Large Inheritance Can Do Children More Harm than Good—and How to Prevent It

Bill had worked hard to build a successful real estate firm, eventually accumulating an estate worth $4 million. He arranged for each of his four kids to receive an inheritance of 25 percent of his assets when he died. Despite Bill’s attempts to teach his children the value of a dollar, the youngest, Charles, was…

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Estate Planning: A Deep Dive Into Charitable Planning Options (Part 1)

“I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.”                                       –Andrew Carnegie     An article posted in Money offers a startling statistic: Approximately 70 percent of wealthy families lose their fortunes by the second generation, and 90 percent lose their wealth by the third! The primary…

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‘Till Death Do Us Part, Too: Estate Planning Tips for Commitment Without Marriage

Advice columnist Ann Landers once observed that “love is friendship that has caught fire.” If that’s true, there are thousands of ways for that blaze to unfold. For many Americans, such devotion and passion do not need to be neatly formalized as marriage.   In fact, our cultural norms are shifting, and quickly. Consider the…

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Avoid Living Probate: How to Keep Guardians and Conservators Out of Your Estate

While most proactive individuals know the importance of having a well-rounded estate plan, it is typically considered as something that will take effect after they have passed away. But there are in fact many ways in which comprehensive estate planning can have a positive impact on your life while you are still around to reap…

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What Does It Mean to “Pass On Your Values”? Thought Leaders Weigh In

At some point in their lives, most people think about passing on their values, ideals and beliefs to the next generation your Little Rock Estate Planning Firm, can help. What does it mean to do this in real terms?                                                                                                     “The greatest legacy one can pass on to one’s children and grandchildren is not…

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Understanding Social Security Survivor Benefits

In this post, we will address the critical yet often-misunderstood topic of Social Security survivor benefits.   Survivors Benefits According to the Social Security Administration, a surviving spouse may be eligible to receive the deceased spouse’s full retirement benefits at full retirement age (“FRA”).  For survivor benefits only, FRA is 66 for anyone born before…

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The Top 10 Benefits of a Comprehensive Power of Attorney

The benefits of a highly detailed, comprehensive power of attorney are numerous. Unfortunately, many powers of attorney are more general in nature and can actually cause more problems than they solve, especially for our senior population. We’re highlighting the benefits of a comprehensive, detailed power of attorney. A proper starting point is to emphasize that…

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