Entries by WGAlaw

Keeping Up-to-Date Policies on Vacant Homes

When a person dies or moves into a long-term care facility, often the former home becomes unoccupied. This can create a tricky situation if there are no relatives who wish to move into the home or the family wishes to sell it. Your homeowner’s insurance policy may lapse if someone does not move into the […]

Negotiating Probate Fees in Advance

It’s important to negotiate your probate fees with your CPA, Accountant or Attorney for probate and/or trust administration purposes prior to your passing. When someone loses a loved one, most are unable to make critical financial decisions due to grief and stress. Unfortunately, some professionals take advantage of families in these types of situations. Many […]

Using a Properly Structured Entity to Protect your Assets

Many business owners want to protect their personal estate from liability relating to their business. In order to get basic personal asset protection, business owners have several options: they can form a Limited Liability Company, a C-Corporation, or elect to act as a sub-chapter S-Corporation. A sub-chapter S-Corporation will allow you to treat your small […]

Planning for Unmarried Couples

Unmarried couples of all ages are living together more and more frequently. Many seniors live together and remain unmarried, often after the death of a previous spouse. Seniors may not be comfortable marrying their new partner for a variety of reasons. However, they may also not know of the legal implications of remaining unmarried. Trust-based […]

Increasing your Income Tax Benefits

Today, income tax planning is more important than ever before. Ten to fifteen years ago, the estate tax exemption was far less, and many middle class families faced the prospect of paying high estate taxes at death. With the help of an estate-planning attorney, they implemented credit shelter trusts to maximize their estate tax savings. […]

Property Ownership and Comprehensive Planning

Everyone wants a plan that is going to work the way that they want. Unfortunately, there are many ways that a plan can fall apart. How you own your property makes a huge difference to whether your overarching estate plan will work. For example, a simple mistake can completely eradicate your well-drafted trust. Most seniors […]

The Importance of Caregiver Respite

Caregiving is one of the most difficult jobs in the world, as it takes its toll on caregivers emotionally, physically, and financially. Often, caregivers are spouses or children who become exhausted over time. Many caregivers fail to take needed respite away from the daily stress of providing care for their loved ones. Without frequent vacations, […]

Financial Wellness with Virginia Clay

This past week on our radio program, “Asset Protection Today,” on Talk Radio 850 WPTK (AM) the ladies took over as our attorneys, Tovah Mitchell and Kathryn Bowman welcomed Virginia Clay, a Certified Financial Planner from Morgan Stanley as our guest for the show. Virginia focuses on women’s financial and retirement planning, long term care […]

Leaving a Meaningful Legacy

Robin Williams recently passed away, leaving behind an important legacy through his movies and comedic performances. Because Williams was famous, his legacy is recorded and will touch the lives of generations to come. However, we all have our own legacies that we can pass on to those who come after us, but we may need […]

Asset Protection for You & Your Family

All families should implement an overarching plan to protect their assets. Unfortunately, most families fail to first consult an experienced attorney for good legal advice regarding how their estate plan and legal documents interconnects with their insurance and financial needs. As a result, most families end up with a hodge-podge of assets with various title […]