Tag Archives: inherit

Loan, Gift, or Advancement: Why the Classification Matters

While we all want to provide financial help to our loved ones—whether they are family or close friends—it is important to understand that how the money is classified will directly affect your estate planning.

Accordingly, the intent behind the transfer of the money is key when determining if it will be considered a loan, gift, or...
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How Do You Know if your Estate Plan is up to Date?

Last week we received a call from one of our clients whose father had died recently. When she came into the office and provided the Will for our review, I was surprised to see that it was over 30 years old and had been prepared prior to her father's second marriage. Needless to say, things had changed and the cost of probate and litigation between children from different relationships will substantially reduce the size of the estate ultimately distributed to the beneficiaries.

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