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The Lloyd Law Blog

Saying I Love You with your Estate Planning

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

While saying the words “I love you” is indeed romantic, you should know that putting together a well-crafted estate plan is a concrete way to care for your family in the long run. This is because doing so will help prevent your surviving family members from scrambling to figure out what to do nex...

What happens if my beneficiary dies before me?

Posted by James Lloyd | Aug 03, 2020 | 0 Comments

When planning for death, most people assume they will die before their beneficiaries (e.g., their spouse, children, and grandchildren). While these assumptions are often well-founded, they do not always come to pass. Sometimes a beneficiary of an estate or trust dies before the person leaving the...

Can I Make Estate Plans Without My Spouse?

Posted by James Lloyd | Jul 20, 2020 | 0 Comments

The average American family has changed a great deal over the last few decades. The assumption that a couple will share finances, tax obligations, and a last name is one that does not necessarily apply in the 21st century. There are more options than ever before to keep your finances, identity, a...

5 Reasons to Protect Your Retirement Accounts Now

Posted by James Lloyd | Jul 16, 2020 | 0 Comments

During your lifetime, your retirement account has good asset protection, but as soon as you pass that account to a loved one, that protection evaporates. This means one lawsuit and POOF! Your life long, hard earned savings could be gone. Your heirs could be left penniless. Fortunately, there is ...

Education funding flexibility in light of COVID-19

Posted by James Lloyd | Jul 09, 2020 | 0 Comments

When it comes to returning to school in the fall, the details may still be unknown. In New Jersey, Rutgers, the State University has announced this week that the majority of classes will be delivered online and on campus housing will be extremely limited.  Princeton University released their plan...

Estate planning for Rental Property Owners

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

In all parts of the country, services such as Airbnb have grown in popularity over the past few years. Indeed, these alternatives to hotel stays are popular among homeowners and vacationers alike. If you have a home or other rental property that is generating income, you should understand the fol...

How to Help your loved ones avoid probate

Posted by James Lloyd | Jul 02, 2020 | 0 Comments

Today, many people are using a revocable living trust instead of a will or joint ownership as the foundation of their estate plan. When properly prepared, a living trust avoids the public, costly and time-consuming court processes of conservatorship or guardianship (due to incapacity) or probate ...

Important Steps to Protect Your Special Beneficiaries

Posted by James Lloyd | Jun 11, 2020 | 0 Comments

All children are a blessing. From the day they are born, you begin making plans to ensure that your child or grandchild has a bright future. What will their interests be? What job will they have? Who will they marry? While these are common concerns for most families, for those with a special need...

Strategies for Charitable Giving in Your Estate Planning

Posted by James Lloyd | May 23, 2020 | 0 Comments

There are many reasons why you may want to give to a charity: You may give because you believe strongly in a cause or organization, but it can also reduce your yearly income tax bill and remove value from your overall estate. If you are considering making a donation, but are unsure of how to proc...

3 TIPS FOR THE NEW HOMEOWNER

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

Congratulations on the purchase of your new home.  Whether this is your first home or an upgrade/downsize, the purchasing of a home is a big event in your life.  When these major life changes occur, it is important that you are properly prepared. Below are a few things for you to consider now tha...

COMMON MISTAKES OF A DIY ESTATE PLAN

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

The internet offers all the information and tools we need at our fingertips to create our own estate plan, right? For most people, this is simply not true. Several years ago, Consumer Reports®, an independent nonprofit consumer watchdog group, created wills using the forms provided by DIY website...

WHY THE WAY YOU HOLD TITLE TO REAL ESTATE MATTERS

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

Real estate can take on different forms of ownership depending upon the number of parties and the unique circumstances involved. Understanding how your real estate is owned, or “titled,” is necessary because this determines the extent of control you have over your real estate, how susceptible you...

Estate Planning Considerations for Restauranteurs

Posted by James Lloyd | Apr 24, 2020 | 0 Comments

If you are a restaurant owner, like most other small business owners, you have many demands on your time. Your schedule may be even more demanding than most, and your working hours may extend far beyond the typical working day. Nevertheless, it is very important for you to set aside some time to ...

Choosing a Gift to Give to a Charity

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

Giving to your favorite charity is not only beneficial for society but also has some potential tax benefits for you as the donor. With many options available, we are here to assist you and your financial team in developing a strategy that will be beneficial for all parties involved. Give us a call today so we can discuss your charitable goals and get you on the path to leaving a lasting legacy.

COVID-19: A Reminder of Why Estate Planning Is Important

Posted by James Lloyd | Apr 03, 2020 | 0 Comments

Certain situations can bring our own mortality to the forefront of our minds, even if they are unlikely to have a severe or direct effect on us. The coronavirus has still only affected a limited number of people in the United States so far, but it provides an important reminder of just how important it is, not only to us, but also to our family members and loved ones, to have an estate plan in place in case the unexpected happens. Our foremost goal is to help you have confidence that if you become ill, your own care and the needs of your family will be addressed. Call us today to set up a meeting, which can occur virtually if you prefer.

Estate Planning for Military Families

Posted by James Lloyd | Mar 20, 2020 | 0 Comments

No matter the time of year, it is always a good opportunity for members of the military and their loved ones to consider setting up — or revising an existing —estate plan. Military families need to consider special estate-planning issues that others do not. This is particularly true when one or more family members are deployed overseas. Beyond this, members of the military have access to special benefits and resources. This can become complicated and, for this reason, it is important to seek special help if you are a military family.

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