– Legal Insights –
For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their home or finances. Effective...
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In what area of law do you practice and why did you choose this? Litigation. I chose it because I can’t imagine doing anything else as an attorney. What did you want to be when you grew up? An archaeologist or a musician. Tell us about a mentor who made...
The notion that your estate plan contains a defect would not normally be welcomed as good news. But despite the moniker, an intentionally defective grantor trust (IDGT) can be an advantageous tool for minimizing estate taxes and maximizing the money and property that are passed on to a spouse, descendants,...
In what area of law do you practice and why did you choose this? I practice complex civil litigation, focusing on consumer protection and antitrust. These areas allow me to help people, which I love to do. What did you want to be when you grew up? A dolphin trainer....
Ever wonder what you have in common with Jeff Bezos, Bill Gates, or Oprah Winfrey? You all need to do estate planning! One reason I often hear as to why a person does not have an estate plan is that they think estate plans are only for the affluent. While...
In what area of law do you practice and why did you choose this? Estate Planning & Administration, and it found me! After graduating from law school in 2008, I still wasn’t entirely sure what area of law called to me the most (although I had crossed a few practice...
One would assume that celebrities with significant wealth would take steps to protect their estates. But think again: some of the world’s richest and most famous people enter the pearly gates with no estate plan, while others have made estate planning mistakes that tied up their fortunes and heirs in...
If you are reading this, it is probably because you or your childcare center received a Child Care Assistance Program (CCAP) Notice of Overpayment. Receiving this overpayment notice will bring two questions immediately to mind: What does this mean? What should I do next? This is the first in a...
In a financial power of attorney, you designate a trusted decision maker (agent or attorney-in-fact) to act on your behalf if you become disabled or unable to manage your financial affairs. Depending on the provisions you choose to include, your agent may have the power to buy and sell property,...
In general, the answer to the title question is yes, your trust can own your business after you die. However, there are a number of considerations that may impact the answer to this and the following questions. One consideration is the type of business interest you own. Is your business...
As mortgage rates rise to their highest level in decades, potential home buyers face higher financing costs; some potential buyers are being priced out of the market. In many cases, the interest rate on the seller’s existing mortgage is approximately half of the interest rate that the buyer might obtain...