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As an estate planning attorney, I routinely hear estate planning myths. This blog series is designed to dispel those myths by providing general legal knowledge about estate planning. There will also be an accompanying video that follows each blog post. This week’s myth covers the mistaken belief of being too young to worry about an estate plan.
As an estate planning attorney, I routinely hear estate planning myths. This blog series is designed to dispel those myths by providing general legal knowledge about estate planning. There will also be accompanying videos that follow each blog post. This week’s myth covers the mistaken belief that you don’t need an estate plan because your spouse will receive all of your property.
As an estate planning attorney, I routinely hear estate planning myths. This blog series is designed to dispel those myths by providing general legal knowledge about estate planning. There will also be accompanying videos that follow each blog post. This week’s myth covers the mistaken belief that if you die without a will, the State will receive all of your property and assets a/k/a escheat.
According to the National Center for Education Statistics, in the 2018–2019 academic year, the average tuition and fees for a public four-year institution were $9,200; $35,800 for a private nonprofit four-year institution; $3,700 for a public two-year institution; and $18,400 for a private nonprofit two-year institution. If post-secondary education is in your family’s future, including any of the following tools in your estate plan can be an excellent way to help provide for education needs.
When it comes to returning to school in the fall, the details are slowly emerging. We do know that elementary and secondary education students will be utilizing a hybrid of online learning and attending classes in person. Will college students be allowed on campus, or will they be bunking with mom and dad for the fall semester? One thing is certain: education will still be costly. In times of uncertainty, it is important for your planning to be as flexible as possible while still meeting your needs.
At Coastal Legal Counsel, we ensure that our estate planning process addresses, incorporates, and provides for your digital assets in the event of incapacity or death. This article will (1) explain what constitutes a digital asset, (2) how to grant authority to access to your digital assets, and (3) recommendations for locating, valuing, and disposing of your digital assets.
What is a revocable trust? I hear this question frequently as an estate planning attorney. Revocable trusts can be a vital and important piece to your estate plan. This blog post will explain the basics of a revocable trust and whether you should consider creating a revocable trust as part of your estate plan.
If you're like most Americans, you either don't have a will or it is out of date and needs to be updated. The good news is that writing a will doesn't have to be a source of guilt or torment.
When you think about New Year's Resolution, does estate planning come to mind? Probably not. However, the start of a New Year is a great time to establish an estate plan. A properly drafted estate plan can provide your loved ones with peace of mind in every situation, from what to do if you're incapacitated and unable to make your own decisions to how your assets should be distributed once you have passed away. There are two estate planning resolutions you can put in place and achieve before the end of this month: putting estate planning documents into place and putting your financial matters in order.
Many Americans dream of owning their own business. In fact, the most recent statistics from the U.S. Small Business Administration show that there are 30.2 million small businesses in America that employ 58.9 million people. Owning a business, of which 99.9% are considered “small”, can be a great way to achieve the American Dream. There are two ways to ownership: start-up or purchase. This article will explore the potential pitfalls that go along with purchasing a small business.