Today, we’re seeing more and more people getting divorced in middle age and beyond. Indeed, the trend of couples getting divorced after age 50 has grown so common, it’s even garnered its own nickname: “gray divorce.” Today, roughly one in four divorces involve those over 50, and divorce rates for this demographic have doubled in the past 30 years, according to the study Gray Divorce Revolution. For those over age Read More
Start Planning Now to Prepare Your Estate for a Possible Democratic Sweep—Part 2
No matter who you vote for on November 3rd, you may want to start considering the potential legal, financial, and tax impacts a change of leadership might have on your family’s planning. As you’ll learn here, there are a number of reasons why you may want to start strategizing now if you could be impacted, because if you wait, it could be too late. In terms of financial, tax, and estate planning, it’s almost Read More
4 Reasons Why You Can’t Afford to Go Without An Estate Plan
When it comes to putting off or refusing to create an estate plan, your mind can concoct all sorts of rationalizations: “I won’t care because I’ll be dead,” “I’m too young,” “That won’t happen to me,” or “My family will know what to do.” But these thoughts all come from a mix of pride, denial, and above all, a lack of real education about estate planning and the consequences to your family of not planning. Once Read More
Protect Your Family from the Dark Side With a Lifetime Asset Protection Trust
When you create your estate plan, the idea that one of your adult children would ever use their inheritance to bankroll a cult is probably something you’d never dream of, much less anticipate. Yet that’s exactly what 40-year-old Clare Bronfman, heiress to the multi-billion-dollar Seagram’s fortune, did with hers. In the end, with her inheritance—and the power that came with it—she was led her down a dark path Read More
Start Planning Now to Prepare Your Estate for a Possible Democratic Sweep—Part 1
No matter who you voted for this year, you may want to start considering the potential legal, financial, and tax impacts a change of leadership might have on your family’s planning. And as you’ll learn here, there are a number of reasons why you should start strategizing now, because if you wait, it will very likely be too late. Although the Presidential election seems to be decided (political views aside), Read More
What the Netflix Series Tiger King Can Teach You About Asset Protection Planning – Part 3
Anyone who has seen the hit Netflix documentary Tiger King: Murder, Mayhem, and Madness can attest that it’s one of the most outlandish stories to come out in a year full of outlandish stories. And while Tiger King’s sordid tale of big cats, murder-for-hire, polygamy, and a missing millionaire may seem too outrageous to have any relevance to your own life, the series actually sheds light on a number of critical Read More
What the Netflix Series Tiger King Can Teach You About Estate Planning-Part 2
Anyone who has seen the hit Netflix documentary Tiger King: Murder, Mayhem, and Madness can attest that it’s one of the most outlandish stories to come out in a year full of outlandish stories. And while Tiger King’s sordid tale of big cats, murder-for-hire, polygamy, and a missing millionaire may seem too outrageous to have any relevance to your own life, the series actually sheds light on a number of critical Read More
What the Netflix Series Tiger King Can Teach You About Estate Planning-Part 1
Anyone who has seen the hit Netflix documentary Tiger King: Murder, Mayhem, and Madness can attest that it’s one of the most outlandish stories to come out in a year full of outlandish stories. And while Tiger King’s sordid tale of big cats, murder-for-hire, polygamy, and a missing millionaire may seem too outrageous to have any relevance to your own life, the series actually sheds light on a number of critical Read More
COVID-19 Highlights Critical Need for Advance Health Care Directives—Part 2
In the first part of this blog series, we discussed the vital importance of having updated Advance Health Care Directives in place in light of COVID-19. In this post, we’ll look at several additional provisions you should consider adding to your Directives to address potential contingencies related to the pandemic. With new cases of COVID-19 currently surging in dozens of states, doctors across the country are Read More
COVID-19 Highlights Critical Need for Advance Health Care Directives—Part 1
As the COVID-19 pandemic continues to ravage the country, doctors across the nation are joining lawyers in urging Americans to create the proper estate planning documents, so medical providers can better coordinate their care should they become hospitalized with the virus. The most critical planning tools for this purpose are Advance Health Care Directives that describe your wishes for medical treatment and Read More