The Basics

Let’s Go Crazy – Estate Planning a la Prince

In 1984, Prince released what was arguably his penultimate album – the soundtrack to his semiautobiographical film, Purple Rain.  This classic filled compilation was ignited by its initial track, “Let’s Go Crazy”.  A phenomenal song with a phenomenal title.  Yet it appears it is regrettably the theme for his estate plan – or apparently lack […]

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Three Essential Documents for Parents of Children with Special Needs

For many families, a proper estate plan consists of the preparation of a Will, Advance Directive (Living Will and Health Care Power of Attorney) and a General Durable Power of Attorney.  Various trusts can be employed as well to achieve goals such as the avoidance of probate and minimization of death taxes.  Parents who have […]

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Getting Government Payments for Children with Disabilities

Parents who have children with disabilities face a myriad of legal, medical and financial issues.   There are a host of government programs which can provide assistance in a variety of forms including housing and medical coverage.   Two programs, Social Security Disability Income (SSDI) and Supplemental Security Income (SSI), provide cash. In order to obtain the […]

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Estate Planning for Children with Special Needs

Part One: For Parents Drew and Libby have two children, Becca and Corky.  Corky has Down’s Syndrome.  Although he is on the high end of moderate functioning, he won’t be able to handle more than a minimum-wage job.  Outside of being able to purchase small items at convenience stores, he has little understanding about financial […]

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The ABCs of Life Insurance and Divorce

The ABCs of Life Insurance and Divorce

The effects of divorce upon the right to life insurance are often greatly misunderstood,  and many individuals don’t realize the impact that divorce has upon this asset. As such, upon death, many policies are paid in a manner which is unintended. Divorce Supersedes Beneficiary Designations When individuals obtain life insurance, the insurer requires that they […]

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The ABCs of Wills

Any individual, who aspires to practice estate planning or elder law, must be proficient in the areas of will drafting, trusts, and basic taxation. One of the fastest growing areas of litigation throughout the country is will contests. The primary reasons for this growth are: (1) the increase in our elderly population and (2) inadequate […]

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The ABCs of Trusts

Any individual, who aspires to practice estate planning and elder law, must be proficient in the areas of will drafting and trusts, and basic taxation. Competent attorneys recognize that individual and financial factors must be evaluated prior to preparing a will or trust. An evaluation of these factors will determine what clauses should be utilized […]

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