Representing the Whole Person

Elder Law focuses on the legal issues
facing people and their families after the age of 55. Click Full Article for some tips about how to best plan your affairs, along with the issues that our office can assist you with.

When Someone Dies, Who Pays the Debt?

Although no one likes to think about end-of-life issues, it's always best to educate yourself on the fine points of estate planning to ensure a smooth transition for your beneficiaries. Given the current economy, how are credit cards and other loans paid off if a person dies and leaves outstanding debt? Are they paid from the estate before beneficiaries receive their inheritances?

Digital Estate Planning Deserves Consideration

Estate planning grows more complex every day. Not simply because of changes in tax laws, but also due to trends in modern technology. For example, consider what would happen to all of your online accounts – both financial and social media – if you were to pass away. Do your heirs know your usernames and passwords for access to email, investment and bank accounts?

Broaching a Sensitive Topic

To avoid future disputes, it's a good idea to share the details of your estate plans with your heirs. By doing so, you can not only minimize disagreements after your death, you can also explain why you made certain choices to pass on your assets. Click Full Article to see how our firm can help plan your estate smoothly and efficiently so that your wishes are carried out.

Non-Tax Reasons to Use a Trust

The American Taxpayer Relief Act of 2012 made permanent the lifetime exclusion for estate, gift and generation skipping taxes. Obviously, a key reason people engage an irrevocable trust in estate planning is to help minimize estate and gift tax liabilities. If your estate is valued at more than $5.25 million (in 2013), excess proceeds are subject to a federal tax rate as high as 40 percent.

Importance of Planning for Incapacity in Estate Planning

Nobody likes to think of his or her own human frailty, but the sad fact is that most of us are just one second away from a debilitating illness or injury. While losing the ability to direct your own life is bad enough, failure to appoint a trusted person to act on your behalf can be even worse.