Can I Stay in the House?

Asset Protection, Trust, Wills

Without preparation, the passing of a loved one can result in difficult and unexpected challenges.  In recent columns, I have addressed this point with the example of a second marriage in which the husband moved into the house already owned by his new spouse.  Upon...

Will there Be a Reading of The Will?

Estate Planning, Wills

Everyone has seen the movie or television show when the family gathers for the reading of the will.  It is usually a dramatic event with an unexpected twist that makes for a good movie plot.  Is there actually any requirement to have the family meet for a “reading of...

Don’t Take This Risk

Estate Planning, Wills

Every adult should have a Will, especially upon becoming a parent. If you have children that are not of adult age, a Will is that much more important. It is the document that allows you to name who you choose to serve as guardian should you pass away first. Some...

Do I Need a Will or a Trust?

Estate Planning, Trust, Wills

Most people understand the basic purpose of a Will. It is the document that describes who will receive their assets when they die. A Will may be sufficient to address the wishes of many people. However, in many cases, a Will may not be sufficient to address specific...

Will You Have Options After a Crisis Hits?

Estate Planning, Wills

I recall meeting with a heartbroken couple facing an aggressive, terminal diagnosis for one of them. There was little time left. From that meeting, I headed to a health care facility to review estate documents with a man recovering from a serious health condition. He...

The Lesson Behind Estate Planning We Must Not Forget

Estate Planning, Trust, Wills

I write these columns primarily to encourage people to prepare their estate plan before it is too late. Without preparation, many families must deal with terribly difficult situations that could have been avoided. Proper planning means more than simply listing what...