When starting a business, two of the biggest considerations are often the tax consequences and limiting the liability of the owners. While an explanation of the tax pros and cons of selecting a specific entity can be complex, explaining how to limit one’s liability is fairly straightforward. The most common way to achieve this limitation of liability is to […]
Tag Archives: living trust
Estate Planning for Digital Assets
27
Nov
In the past year I’ve gotten more and more questions about what happens to someone’s online accounts when they pass away. This is certainly a great question that often goes unconsidered, even for people that have more formal estate planning in place. With the amount of information available in these accounts, both private and public, […]
Distinguishing a Living Will From a Will
20
Sep
One of the most common estate planning requests I get is to draft a living will. While this is great because everyone needs one, I have found that many people are confusing a living will with another document, such as a will or even a living trust. This post will explain what a living will […]
The Basics of Estate Planning
17
May
It is common for people to approach me and say they need to setup an “estate plan,” but when I dive a little deeper and ask what they are looking for many people don’t know where to begin. While every person’s situation is different, the most frequent estate plan I draft for people centers around […]