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Yearly Archive for 2009

: 2009

Does Your Estate Plan Need Maintenance?

When you buy a new car, everything works perfectly.  (At least, you hope it does.)  But then in 3,000 miles, it’s time for an oil change.  Also, you must keep your eye on the level of coolant in the
Categories: General

Irrevocable Life Insurance Trusts and how does it work?

Despite the premium costs that no one ever enjoys paying, life insurance has become a necessity.  So many of my clients initially say that they could care less about what happens when they’re gone,
Categories: General

What is a bypass trust and how does it work?

In the world of Trusts & Estates, there is a litany of Trust types all in variance according to the needs of either the Grantor (the Creator of the Trust) or the beneficiary (the person or entity
Categories: General

What is an LLC and how can you benefit by owning one?

Many people mistake the acronym “LLC” as meaning a Limited Liability Corporation, when an LLC doesn’t create a corporation at all. “LLC” is the acronym for a Limited Liability Company. LLC’s are used
Categories: General

Power of Attorney v Conservatorship

A Power of Attorney (POA) is an estate planning document which allows another person to make certain decisions for you. It can be an all encompassing document or limited. A POA differs from a Living
Categories: General

Leashing the Executor

Q:  My mother recently passed away and my sister was appointed her Executor under her will. My father passed away several years ago. I am a beneficiary under my mother’s will. My sister and I have
Categories: General

What is a Living Will?

As opposed to a Last Will and Testament, which dictates things to be done after death, a Living Will dictates things to be done during one’s lifetime. To be specific, a Living Will sets forth your
Categories: General

What is a Revocable Living Trust?

A Revocable Living Trust is an estate planning tool which, when funded properly, transfers the ownership of an asset from your name into a “Trust”. It’s called a Living Trust because you create it
Categories: General

Do I need a Will?

Most adults don’t understand the many ways a Will can benefit them and their children. The following is a short primer on Wills and how they can help you and your family.   I always advise my clients
Categories: General

Estate planning during tough times

Q: Estate planning in the current economic climate? A:  Since I started writing this column several months ago, I have received a significant amount of positive feedback from the readers, mostly
Categories: General