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Estate Planning, Revocable Trusts

Pros and Cons of a Revocable Trust

Pros and Cons of a Revocable Trust The revocable trust can be an effective estate planning tool. However, the decision to use one is never clear-cut. You must carefully weigh the pros and cons. A revocable trust is a trust created during the grantor’s lifetime by a transfer of ownership of assets to a trustee,… Continue reading Pros and Cons of a Revocable Trust

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Insurance, Uncategorized

What should I know when I expect hurricane damage to my property?

For about 11 years, I served as an insurance defense attorney litigating catastrophic property losses mostly caused by hurricane. Here is some advice and things to remember from someone that was somewhat of an "attorney insurance insider" for years: 1. Insurance companies are not the devil. They will help you as much as possible. But… Continue reading What should I know when I expect hurricane damage to my property?

Insurance, Uncategorized

Making an Irma Insurance Claim

Pull out your homeowner insurance policy. What does it cover? Place it into a water tight container when finished reviewing and making calls.  Look for: Costs to relocate if home damaged? Wind damage? Water? What's your hurricane deductible? What is phone number of your company? Agent? How do you make a claim? Look at "duties… Continue reading Making an Irma Insurance Claim

Estate Planning, Families with Minor Children, Guardians

Do I really need estate planning?

This is a confusing question for some people. The truth is that estate planning truly benefits rich, married people. There are a lot of tactics that can be used to make sure each spouse avoids estate tax, defers it as long as possible, or benefits from the marital deduction and generation-skipping trusts, to name a… Continue reading Do I really need estate planning?

Families with Minor Children, Guardians

What are the best ways to give an inheritance to your minor kids?

This is a very important blog post. I probably get asked this question more than any others, so thought I would address it for others that may also have this question. First, keep in mind that custody of your kids, and custody over their “property” or money are two different things. This blog addresses the… Continue reading What are the best ways to give an inheritance to your minor kids?

Families with Minor Children, Guardians

What is the popular Kid Care Package?

This package contains several forms for your use.  It includes all that you need to make sure your kids are always fully protected, at any time. You may fill out any combination of the forms based on your own needs but the permanent guardianship and temporary guardianship forms should be considered mandatory when you are… Continue reading What is the popular Kid Care Package?

Meeting Preparation

What do you need before our meeting?

Family Wealth Planning-Needed Documents and Information The following is an overview of what you can expect during our meetings and communications, and also a checklist of the type of information I will need from you. The main stages of family wealth planning are: 1) the Information Gathering Stage; 2) the Client Education Phase; 3) the… Continue reading What do you need before our meeting?

Families with Minor Children, Guardians

Do I need to name a guardian for my kids?

There is no easy way to begin thinking about the topic of naming legal guardians for your children. Bluntly, you (and your spouse) die prematurely, or become incapacitated, at a time when your children are still minors, and someone else must raise them. It is a scary thought--one that gives us knots in our stomachs.… Continue reading Do I need to name a guardian for my kids?