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Properties That Are Commonly Held in Trust

In estate planning, creating a trust can be a powerful tool for managing and protecting assets, confirming that your property is distributed according to your wishes, and minimizing taxes.

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Prenups and Your Estate Plan

Getting married isn’t just a change in your status—it’s also a change in how the law treats the ownership of your assets. Drafting a prenuptial agreement, which is commonly referred to as a “prenup,” is an effective way to protect your wealth in the event of separation or divorce.

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Do I Need a Will?

As an estate planning attorney with years of experience, I've encountered numerous individuals who are unsure whether they need a will. The question often arises during significant life events—marriage, the birth of a child, or the purchase of a home—when people start thinking about the future and what might happen to their assets.

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What Happens if You Die Without a Will?

A will is a critical document that specifies your wishes regarding the distribution of your assets, guardianship of minor children, and many other important matters. Without a will, you leave these critical decisions up to the state, the results of which may not align with your desires.

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Setting Up a Trust

Setting up a trust is one of the most effective strategies for protecting your family's future and ensuring that your estate is handled according to your wishes.

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The Importance of Asset Protection Planning

Asset protection planning is a strategic, forward-thinking process designed to safeguard one's assets from potential future creditors, lawsuits, or judgments. By employing legal tools and structures, individuals and businesses can ensure that their wealth and assets remain secure.

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The Benefits of a Special Needs Trust

Developing a special needs trust often feels like an intricate puzzle. It's a journey filled with numerous challenges, not least of which is ensuring their financial stability. This is why it's critical to seek legal guidance from a knowledgeable estate planning attorney.

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LGBTQ+ Couples and the Importance of Estate Planning

Establishing an estate plan allows both opposite-sex and LGBTQ+ couples to prepare for life's uncertainties and leave instructions about how their estate and final affairs should be settled when they’re gone. However, estate planning for same-sex couples is quite unique, and there are several things to consider when creating one.

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Understanding Pour-Over Wills

If you’re like most people, when you hear the term, “estate planning,” you’re either reminded that you haven’t yet got around to drafting a will, or you have but you know it likely needs to be updated or improved in some way. This could include making a simple revision, adding on a trust, or tailoring your estate plan in another way that meets your specific needs.

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Estate Planning and Divorce

Having an estate plan allows you to make adequate provisions for your loved ones and determine how your assets and affairs should be managed when you’re gone. However, bring divorce into the mix, and it can affect every aspect of your life, including your finances, assets, children, and estate plan. In the event of marital dissolution, you will need to update your estate plan to reflect your current status and wishes.

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