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Estate Planning After Personal Injury Settlements

Posted by James Lloyd | Oct 13, 2020 | 0 Comments

In the hectic and sometimes dangerous world that we live in, it is an unfortunate fact of life that accidents happen and people get hurt. The U.S. legal system is designed so that those who suffer injury through the avoidable fault of others can seek compensation for those injuries. Sometimes inj...

Tips for Divvying Up Personal Property

Posted by James Lloyd | Oct 12, 2020 | 0 Comments

We collect stuff throughout our lives. This “stuff” is known as our personal property. Some items are valuable, like jewelry, baseball cards, and works of art. Other items are sentimental, like grandma's tea set, old Christmas ornaments, and photographs. Regardless of the value, it is important t...

How Trusts Have Helped Athletes

Posted by James Lloyd | Oct 07, 2020 | 0 Comments

Estate planning is not just about what happens when you die. Proper estate planning takes into consideration all aspects of your life and how to protect your accounts and property so that you can receive the maximum use and enjoyment during your life as well as protect whatever you choose to leav...

Buyer Beware: How to Avoid Estate Planning Scams

Posted by James Lloyd | Oct 06, 2020 | 0 Comments

Imagine spending thousands of dollars on an estate plan to protect loved ones, only to find that no true protection exists. Unfortunately, this scenario happens on a regular basis to individuals who are victims of estate planning schemes. According to a report conducted by the U.S. Consumer Finan...

10 Types of Trusts: A Quick Look

Posted by James Lloyd | Oct 05, 2020 | 0 Comments

Considering the myriad of trusts available, creating the right estate plan can seem daunting. However, that is what we, as estate planning attorneys, do every day. We know the laws and will design a plan which addresses your specific situation. Here is a look at the basics of ten common trusts t...

Estate Planning: 3 Reasons We Run the Other Way

Posted by James Lloyd | Oct 01, 2020 | 0 Comments

It can be hard to get motivated about your estate planning; it sounds about as fun as getting a root canal. However, you also probably want to make sure that your loved ones are protected and receive your hard-earned money and property –regardless of whether you have $10 million or $10,000. Do n...

Wealth Transfer Strategies to Consider in an Election Year

Posted by James Lloyd | Sep 30, 2020 | 0 Comments

With a push by the Democratic party to return federal estate taxes to their historic norms, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is set at $11.58 million per taxpayer. Assets in...

Tips on How to Own Real Estate

Posted by James Lloyd | Sep 18, 2020 | 0 Comments

Real estate is more than just your primary residence. It can include many types of real property such as a vacation home, commercial building or a rental property. Depending upon the type of real estate you own, the ideal form of ownership can vary. Below, we take a look at the different types of...

How to Manage Your Basis “Step Up”

Posted by James Lloyd | Sep 14, 2020 | 0 Comments

If you or someone you know has received an inheritance, it is important for you to understand how to manage your basis “step up.” A “step up” in basis is the adjustment of the value of an appreciated asset - for tax purposes - upon inheritance. IRS Taxes An executor who has to file a federal es...

COVID-19 and Minor Children: Things to Consider Now

Posted by James Lloyd | Sep 10, 2020 | 0 Comments

Protecting your family is important, especially when you have minor children, and even more so now that we are living through a pandemic. With all of the unknowns of our current situation, you need some certainty. Having an up-to-date estate plan can be the first step toward providing that certai...

Your Divorce Decree: The First Step in Estate Planning

Posted by James Lloyd | Sep 01, 2020 | 0 Comments

You have recently divorced your spouse and the judge has signed the divorce decree. Now what? Although you may feel as though you have spent enough time and money on lawyers, there is one last attorney you need to talk to: an estate planning attorney. If you and your former spouse had estate plan...

Help! I have been named a Guardian. What do I do?

Posted by James Lloyd | Aug 18, 2020 | 0 Comments

A guardian is an individual who cares for someone, often a minor child, who needs special protection. Parents can nominate a guardian in their will, but typically a court must confirm and officially appoint the guardian after both parents have passed away. Sometimes the need for a guardian arises...

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