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With regards to finances, the future is a big part of many people’s financial planning efforts. Be it the kids’ college tuition or the day when retirement finally arrives, financial planning is all about the future. Though college and retirement funds garner the most attention, men and women must also make time for estate planning. Estate planning is the process of arranging for the disposal of an estate and is done to help minimize uncertainty upon an individual’s death. This […]

Celebrity estate stories are rife with lessons about mistakes to avoid when creating an estate plan, such as problems with the estates of James Gandolfini, Philip Seymour Hoffman and Ernie Banks of the Chicago Cubs. Poor elder law estate planning may lead to probate, taxes and family disputes. Failure to create a comprehensive plan or drafting a poorly written plan may lead to many issues for your loved ones after you die that you could have avoided by proper pre-planning. […]

This month marks five years of writing this elder law estate planning column, and the most enduring and misunderstood concept I still hear about from readers and clients concerns what a will does and doesn’t do. But my will says where my assets go …,” is a common refrain. Many people think a will is the most important elder law estate planning document. They think wills are airtight and avoid problems and complications when you die. Such misconceptions may be […]