Blog Posts in 2017

  • Contesting a Will or Trust

    After going through the time and effort of creating an estate plan, you will want to ensure it is legally binding and that your loved ones follow the guidelines you set for them. Unfortunately, your last wishes may be disregarded if an heir or beneficiary contests your will or trust. Although estate contests are not the norm, they are hardly uncommon and can seriously derail an otherwise ...
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  • Taxation of Trusts

    There is a great deal of confusion about the taxation of trusts. In this article, I hope to cut through the jargon and lawyer mumbo jumbo (technical term) so that you will have a better understanding of how trusts are treated by the tax code. First, we need to step away from a monolithic view of the tax code. There are many different types of federal tax that could impact a trust at different ...
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  • The Dangers of DIY Estate Planning

    “Can’t I just use an online will creator?” “My [son/sister/friend]’s estate is pretty small. An internet form will work for that, right?” I am no stranger to the do-it-yourself approach—I’m married to an engineer, after all. We enjoy personally maintaining our bicycles, we do a lot of our own car maintenance, and we even attempted to sand and refinish our hardwood floors (that was less of a ...
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  • Estate Planning In a Digital Age

    In the days where vinyl records were king your living room shelves may have been filled with your music library. Today shelf space is less of a concern for our music because more and more people utilize their computer to store their digital music library. You may now be asking yourself, what does music have to do with estate planning? The answer is the digitalization of music is a great ...
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  • Estate Planning for Military Families

    Estate Planning can be daunting for anyone. The dizzying array of benefits and options coupled with the emotional charge of knowing that a loved one may be in harm’s way when serving the country adds additional challenges to the process. This article briefly explores the unique issues military families face when preparing their Estate Plan. We will continue this subject with a subsequent ...
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  • TRUMP and TAXES - How Does This Impact Your Estate Plan?

    (W&M Law Student and Spring 2017 Extern) The results of the 2016 Presidential election were surprising to some and a relief to others. Towards the end of the election season, the spotlight was focused on Clinton’s campaign and less attention appeared to be given to Trump’s tax policy position. In order to help our clients better understand our 45 th President’s tax policy proposal and its ...
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  • Special Needs Trusts and the ABLE Act

    One of the most common goals in estate planning is to protect loved ones. How to actually do so really depends on the beneficiary’s particular circumstances and needs. A beneficiary with special needs is often a complex situation to address. The term “special needs beneficiary” refers to an individual who will likely receive needs-based government benefits in the future or is currently receiving ...
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