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Don’t exactly relish broaching the topic of estate planning with one or both of your parents?Well, join the crowd. A recent Forbes article addressing that subject matter cites study findings indicating that most adult children “don’t feel it is their...

Imagine that you have two children. For decades, you have run a family business. It is your pride and joy, not to mention your main source of income. You want to pass that business on to one of your kids when you pass away.Your first child is smart and well-educated,...

If all lawyers in a select practice area were the same, choosing legal counsel would hardly be a chore, would it? An individual or family seeking assistance would merely need to highlight the first name on a list and pick up the phone.Real life is not that simple,...

Many people feel justifiably proud -- as well as relieved – following their completion of a sound and comprehensive estate plan.And they should, obviously. Knowing that key life objectives have been promoted through the execution of a tailored and well-crafted...

Trying to create a conflict-free estate plan is difficult, and it's not just the plan you have to think about. Sure, it is important to avoid potential conflicts over issues like unequal bequests or the division of sentimental assets, and you need to keep that in mind...

Hope and horror. Those two extremes coexisted in a concededly strange way in the details of a long-tenured Internal Revenue Service program that was just recently terminated.That initiative was termed the Offshore Voluntary Disclosure Program. We occasionally...

We spotlighted the ABLE program in our previous blog post. We noted in our December 11 entry that this federal government initiative can provide valuable benefits for disabled individuals and their families.ABLE does so by enabling eligible claimants to make...

First of all, let’s get that ABLE acronym straight. The ABLE Act is federal legislation that was passed back in 2014 during the Obama presidential administration. The commonly used shorthand designation does have a formal tag, which is Achieving a Better Life...

We alluded to year-end resolutions in our immediately preceding blog post, noting in our November 27 entry that many good-faith planners resolutely try "to stay on top of important things in life."We get that many individuals and families find that hard to do when it...

Kudos for you if you’re a good-faith planner who truly does try to stay on top of important things in life. Perhaps you have some sort of to-do list that you periodically adjust and try to stay tracked in on throughout the year.Many people do, of course, whether...