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Legal Briefs – Common Estate Planning Mistakes

Estate planning mistakes can be expensive and happen to even the most thorough of people.  This is a list of common estate planning mistakes we have either seen or gathered from sources. Not having an estate plan.  What would be a list of planning mistakes if we did not start with the most obvious and […]

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The Best Argument for a Revocable Trust – My Mother

Do you really need a revocable trust estate plan?  We have no hard and fast rule on this subject because there are additional upfront costs and then continuing costs of a revocable trust plan.  The continuing costs revolve around making sure certain assets are in the revocable trust or made payable to the revocable trust […]

The Case Against Estate Tax Repeal

The Trump administration is proposing a complete repeal of the Federal estate tax.  The federal government currently levies a tax on all assets owned at time of death.  Using federal tax credits, the first $5.49 million in assets are exempt from federal estate tax.  In return for being subject to the federal estate tax, all […]

Don’t be Fooled by Do-It-Yourself Online Estate Plans (Part 2 of 2)

An estate planning attorney listens to your wants and needs and turns your wants and needs into language that will actually carry out your goals. Online services tend to hedge against any sort of guarantee that their document(s) will work: “[The online service does] not warrant that the content is accurate, reliable or correct; that the services […]

Don’t be Fooled by Do-It-Yourself Online Estate Plans (Part 1 of 2)

When it comes to estate planning, don’t be fooled into thinking that inexpensive online estate plans will accomplish what you actually desire.  In most cases, online estate plans are very simplistic, incomplete, and will not avoid the probate process.  For something as important as your estate plan, you really shouldn’t do it yourself. A Last […]