Recent News

One method of avoiding estate tax is through a Family Limited Partnership.  In fact, “Family Limited Partnership” is often a misnomer, because the entity formed is usually a Family LLC instead. Regardless, the purpose and function are the same.  The Family LLC allows Mom and Dad to (a) form an LLC owned only by the… Read More

Being appointed the Personal Representative of an Estate can seem like a daunting responsibility, especially given all the statutory or legal requirements. For clarification, a personal representative is also called an executor when they are named in a will or an administrator when they are appointed by a court.  A female executor is also referred… Read More

Have you considered what you would do if you were not able to handle your own affairs due to injury, illness, or mental condition?  There are several legal options available to you including  Durable Powers of Attorney, Health Care Powers of Attorney, what is sometimes called a Living Will or Directive to Physicians in addition… Read More

A power of attorney authorizes a person (the attorney-in-fact) to act on behalf of another person (the principal).  Sometimes the power of attorney authorizes the attorney-in-fact to make decisions on behalf of the principal relating to the principal’s health care as well as to the principal’s non-health care, or financial, matters.  Sometimes the power may… Read More

             The answer to that question may not be as simple as you might think.  Usually, you know if someone owes you money or some other obligation such as a personal guaranty of a third party’s debt.  But, what if the obligation is not yet due and payable when that person dies?  You might think… Read More

Most people do not like the idea of the government taking their money after they die.  But many people are unaware that: (a) if they died today, their heirs would be forced to pay state and federal estate taxes (“death taxes”), even if the deceased person is far from the typical definition of “wealthy;” and… Read More

          Many people have their Will prepared, sign it, and put it in their safe deposit box, thankful that they got it checked off their “to do” list.  But, that may be the last time the Will is seen until the person dies and it comes time for probate.  In the meantime, there may have… Read More