Including digital assets in your will is crucial because, like physical property, they hold value and require proper management after your passing. Without specific instructions in your estate plan, these assets may be distributed according to state intestacy laws. This can result in your digital property being inherited by someone you did not intend or becoming inaccessible entirely. Failing to address digital assets can also create challenges for your heirs. Without clear guidance, they may struggle to access accounts or navigate legal and company policy restrictions. By including digital assets in your will, you simplify this process for your loved ones and ensure your wishes are honored, protecting both the value and the legacy of your digital property. Keep reading to learn more about: One of the top assets people forget about when planning their estate – and how to avoid that from pushing you over the federal tax threshold. What you need to look for when choosing someone to help you manage your digital assets in an emergency. The real truth about the risks of online estate planning and…Read More
Are You A Senior Struggling To Start Your Estate Planning Journey? We Are Here To Help. Many seniors understandably hesitate to discuss end-of-life plans, often feeling as though planning for the future invites the worst. In my experience, none of my clients who completed their estate plans have passed away soon after—this fear is entirely unfounded. To help ease this discomfort, I approach these conversations with empathy and understanding. While I may not fully grasp the perspective of someone older, I listen closely, focusing on their values and priorities. I try to frame estate planning as a way to protect their loved ones, which often helps clients feel more at ease. This is why I offer Peace of Mind Planning Sessions and not “consultations." My goal in this is to reframe the process as an opportunity to provide security and care for their families, making decisions feel less daunting. My initial meetings with clients go far beyond the typical idea of a “consultation,” which can sound transactional, and aligns with what I aim to accomplish—offering comfort and reassurance, not just…Read More
Estate planning is essential for small business owners because a business is an asset that you have worked hard to build, and you want to ensure it continues smoothly after your passing. Without a clear plan, your business's future could become uncertain, leading to unnecessary and stressful conflicts or confusion between your loved ones or business partners. Keep reading to learn more about: The different kinds of business assets your estate plan should cover. How to transfer your business painlessly with a few key estate planning tools. The kinds of vulnerabilities your legacy could face without proper legal protections in place. What Does An Estate Plan Do For A Small Business? Including your business in your estate plan allows you to specify how ownership and management will transition according to your wishes. This avoids situations where loved ones are left guessing about your intentions. Proper estate planning can also help minimize legal delays, probate complications, and tax burdens, ensuring a smoother process for those who inherit or take over the business and that it is handled with the care and…Read More
Understanding the estate planning process is critical, particularly when real estate is involved, because it allows clients to make informed decisions and avoid common pitfalls. Real estate transactions can be incredibly complex, and without proper planning, families may face unnecessary legal challenges and financial burdens. When clients understand their options, such as the differences between wills and trusts, they can better protect their loved ones and ensure their assets are transferred efficiently. In this article, we will break down some of the most common misconceptions about including your home (and other forms of real estate) in your estate plan. Keep reading to learn more about: How to avoid leaving your children with high capital gains tax when you leave them your home. How Ladybird Deeds can help you transfer ownership of your home during your lifetime and improve your Medicaid eligibility. How our Texas estate planning law firm approaches working with clients like you. Myth #1: My Heirs Will Avoid Probate If I Add Their Names To The Deed For My House It is a common misconception that adding your…Read More
