In a divorce situation where one spouse dies, there could potentially be 2 survivor benefits paid. It is important to designate who you want to manage the money for your minor children if you do not want your ex-spouse to be that person.Where there a...
Continue readingGiven that most people these days own an IRA, I often receive questions about these IRAs work after the death of the IRA owner. Here are some basic rules:1) If you inherit an IRA from your spouse then you have a lot more options then if you didn'...
Continue readingI am writing this blog at 8:18 am in the morning and already today was a good day. Like most other days, driving into work I thought about how this day would look like. Unlike most days, I received a jolt of energy in my heart and no. . .it wasn't...
Continue readingAs an estate planning attorney, a large percentage of my practice is devoted to creating trusts for my clients. Normally, the name of the trust would be the name of the client along with the date of the trust. For example, my trust reads th...
Continue readingA few days ago was the 1 year anniversary of my father's death. He battled alzehimer's for over 10 years. This weekend I reflected on some of my most favorite memories of my father and I realized all those memories are in my head. The...
Continue readingOften times, a young couple will call my office when they have had their first child. They tell me "We have a baby now, we need to get our Wills done." When I meet with the parents, I find myself routinely answering the same qu...
Continue readingA Florida appeals court recently ruled that creditors had access to inherited IRAs previously thought to protected. The court held that when the owner of an IRA dies, the instrument tha...
Continue readingMy Aunt Pari has been diagnosed with Stage 4 lung cancer and I have been agonizing over how I can help her. Pari was the person who always took care of me as a child. She was basically my nanny. When I was sick she was there to comfort me and giv...
Continue readingHow long does the average recepient of an inheritance wait before they buy a new car? Just 19 days.This fact provided by the New Car Dealer Association provides great insight into how parents leave their wealth to their kids. I read a book ...
Continue readingI ran into a sad scenario recently. A gentleman had a heart attack and had no estate planning documents. His family has to hire an attorney to prove to the government that they can take care of their father and to receive money he is entitled to for hi...
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