News & Analysis as of September 24, 2024

Adult Children

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

The Grad Pack: Estate Planning for Newly-Minted Adults

Schwabe, Williamson & Wyatt PC on 8/30/2024

Did you know that as soon as your child turns 18, you lose automatic access to their health, school, and financial information? When a child turns 18 and becomes a legal adult, it’s a momentous occasion—filled with...more

Estate Planning Resolutions for 2020

Ward and Smith, P.A. on 1/3/2020

The holiday season has come and gone, and it's hard to believe that we are on the brink of a new year and decade. For many of us, the start of a new year can be a time of empty commitment to self-betterment....more

Insight on Estate Planning - October/November 2019

Adler Pollock & Sheehan P.C. on 10/1/2019

Do you know the differences in estate tax law for couples when both spouses are U.S. citizens vs. when one spouse is a non-U.S. citizen? Or what nonlegal document should accompany a will? We are pleased to present the...more

Insight on Estate Planning - August/September 2019: Protect your will from legal challenges

Adler Pollock & Sheehan P.C. on 8/2/2019

To avoid family disputes over a will after one’s death, it’s worth taking the time now to institute steps to protect the will from legal challenges. This article details four specific steps for bulletproofing a will. A...more

Happy 18th Birthday! Your College-Aged Child is an Adult. Now What?

Ward and Smith, P.A. on 6/21/2019

Believe it or not, as of your child's 18th birthday, your child graduated from being a "minor" to becoming a "legal adult." While your child is home from college this summer or preparing to head off to college in the fall,...more

Should You Create Trusts for Your Kids?

Farrell Fritz, P.C. on 3/22/2017

If your children are under age eighteen, you should have trusts for them in your Wills, in the event you and your spouse should die before all your children reach age 18. If minors receive assets prior to reaching age...more

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