Here is a little something to think about: The famous artist, Pablo Picasso died in 1973 at the age of 91. He left behind a fortune in assets, including his famous artwork, 5 homes, cash, gold and bonds. His estate was valued at about $250 million. But because Picasso did not have a will, it [...]
We frequently create trusts for children with special needs (called, not surprisingly, “Special Needs Trusts”) as part of our trusts and estates practice. But today we thought we would write a post, not about the law we practice, but about the people we practice law for. Because, after all, at Esser, Bradley & Khalsa, PLLC, [...]
Sometimes our relationships do not always go the way we would like. If you are considering disinheriting one of your children (or even all of them) here are a few things you might want to consider. Think Long and Hard About it. Disinheriting a child (which you can do in all states except Louisiana) is [...]
Deciding how to divide up your property in your Will can often be difficult to do. Especially if you have several children and they have varying needs, or you believe that one of them deserves more/less than the others. When it comes to trying to decide who should get what without causing a massive family [...]
One of the main objectives of estate planning is to avoid the time and expense of having your entire estate go through probate. Passing on Real Property. Historically, when it came to passing on real property, the only way you could do it was: By deed during your lifetime, Through your Will after your death, [...]
Usually we only think of estate planning for people. But have you ever thought of estate planning for your business? Well, if you are a business owner, you should. Why? Because if there is no plan in place when a business owner dies, the survivors are left without direction. When that happens, not only does [...]
No doubt about it; technology has revolutionized our lives and our society. It has even changed what is considered to be part of a person’s “estate” when they die. #DigitalEstatePlanning. “Back in the day” all you had to worry about was your present life, the afterlife and passing on your tangible assets (real property, [...]
It’s funny how we all want pretty much the same things: happiness, security, financial stability for ourselves and our loved ones, and control over our property and our lives. Estate planning can help you get all these things. How? Here are just a few of the ways estate planning does this. Planning to Get What [...]
Here is something you don’t run across every day. Should you refuse an inheritance? Maybe. Surprisingly enough, there may be times when you do want to disclaim (refuse) an inheritance. Here are 2 of them. If You Are In Debt. One situation in which you might want to refuse an inheritance is if [...]
If someone asks you to be the trustee of their trust, should you do it? Well, as is so often the answer in law, it all depends. One thing is certain, however, and that is that before you say yes, you should fully understand what you would be agreeing to. So let’s take a look [...]
