One of the most common questions I hear when people are discussing planning their estate is, “Should I have a living trust?”  My short answer to you is, “Yes.”  In general, but not always, the approach for people who own their home and have some is investments is, “Yes.”  I will explain why, but first…

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You are getting married — for the second time.  While everyone is congratulating you on finding love again, your children are encouraging you to complete a prenuptial agreement.  Why are your children so concerned about your new life?  Are they overreacting? Most children who have experienced a parent in a second marriage attest it is…

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Most of us have a basic understanding of Wills and Probate but sometimes that knowledge is as basic as Wills are good, Probate is bad.  While there is some validity to that thought process, here are a few misconceptions: If I die without a will, the probate process will take years.  The probate process, while time…

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In a culture of Do-It-Yourself, does it make sense to retain an attorney to complete your estate planning? We are all aware of the availability of legal documents on the Internet and the ease with which you can purchase a legal package to complete your own Will and some related documents. I read an article…

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Parents often think about transferring assets to their children outright or as joint-tenants during their life.  They may believe that the transfer will avoid probate and make it easier for the children upon the parent’s death.  Lifetime transfers are sometimes used as an estate planning tool in limited circumstances and may avoid probate; but, for…

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We all know someone who is in a second marriage and many of us are in a second marriage.  Second marriages can be exciting and fulfilling while at the same time present special planning challenges. A second marriage may include his children, her children, and sometimes our children.  How will the new spouse be provided…

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