Family Dynamics in Estate Planning – How Should We Navigate Them?
For Easter, we’d like to consider what it means to navigate family dynamics in estate planning. These dynamics require careful consideration and tact from both the attorney and family members. Estate planning is not just about distributing assets, after all; we must consider and manage the complex relationships, history, and emotions within a family. Let’s […]
Estate Planning for Young Adults: Why It’s Never Too Early to Start
Estate planning often conjures images of retirement, substantial assets, and complex legal documents—not young people and carefree lifestyles! However, the reality is quite the contrary. Estate planning matters for everyone, regardless of age, family status, or wealth. Starting the legacy planning process for young people not only prepares them for unforeseen circumstances but also establishes […]
Planning for Your Pets: Pet Trusts and Other Options
Many of you know that we’re a dog-friendly business; our office dog, Sammy, comes to work every day here at the Slaton Schauer Law Firm, PLLC. Pets are not only occasional co-workers, but are often members of the family as well– deserving of care and protection even in the absence of their owners. Planning for […]
Estate Planning for the Youthful
Most people associate Estate Planning with the elderly or very wealthy. This article explores some general situations in which Estate Planning for the young and healthy is advisable. Read on to learn more.
Evolution of our Unified Estate and Gift Tax System
Many individuals think that if their estate is below a certain amount that they need not be concerned with Estate Planning. Is that true? Well, in true lawyer fashion, the answer is “it depends” We found this helpful article over at the AAEPA that may provide some guidance: read on to learn more.
Application of the Updated Life Expectancy Tables
Since the creation of Individual Retirement Accounts in 1971, they have become an increasingly important part of a well-balanced Estate Plan. Taxpayers contribute to the IRA. Upon attaining a certain age, the taxpayer begins taking distributions based upon tables promulgated by the Internal Revenue Service. The Internal Revenue Service recently updated those tables which will significantly impact certain taxpayers
What is Cryptocurrency?
Cryptocurrency has become increasingly popular as a form of investment in recent years. More and more established financial institutions recognize cryptocurrency and allow its use. As cryptocurrency becomes mainstream, it’s important to consider estate planning implications for holding this digital asset. Read on to learn more.
Life Insurance and Estate Planning – Now What?
Life insurance is an important component of estate planning. After all, we know it can be a useful tool for providing financial protection for loved ones in the event of the policyholder’s death. Unfortunately, both Regina and I– the attorneys here at the Slaton Schauer Law Firm, PLLC– have spoken with many people who purchased […]