Grandparents love spending time with their grandchildren. If you meet a grandparent, they may break out the photos of their grandchildren, or of the day they spent at the zoo or lake. You and your grandchildren have given each other precious memories, like walking hand in hand to the fishing hole, stopping to skip stones and whistle along the way—just like in the Andy Griffith Show. But, will you leave them anything other than fading memories when you are gone? Many grandparents want to help … [Read more...]
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Family Feud—Don’t Let This Be Your Legacy
Few things are as heart-wrenching as a dispute among family members. We expect family to be a place of love and relative harmony in our often-tumultuous world. Even the thought of such a horrible occurrence may be unsettling. But, problems in an estate or trust can often cause deep divisions in a family, divisions that outside forces might never have been able to cause. For example, Dr. Martin Luther King, Jr. and Coretta Scott King’s children, ended up in litigation shortly after Coretta’s … [Read more...]
Irrevocable Trusts Need Not Be Scary
Irrevocable trusts are used frequently in estate planning for a wide variety of purposes. Irrevocable trusts can be used to make a completed gift of assets, while restricting access to the assets or retaining indirect control. Irrevocable trusts can be used in order to help protect assets from creditors of the trust beneficiaries. Such trusts even can be used as part of planning to qualify for Medicaid benefits. The most typical irrevocable trust is the Irrevocable Life … [Read more...]
Death and Tragedy
When we think of death, we usually think of it as the result of some tragedy: an auto accident or a natural disaster. However, death often is not a result of tragedy, but rather can be the natural close of one’s chapter here on earth. Picture a family gathered around to help a beloved elder pass on. Surely, it is a time for mourning, but also it can be a time for reconciliation and bonding. However, all too often tragedy occurs after death in the form of family infighting and even litigation … [Read more...]
Protecting Your Children from Their Nightmares… and Yours
You tuck your children into bed and kiss them goodnight. In the doorway, you watch them peacefully drift off to sleep. They are so innocent, so naïve. After your long day, you fall into bed and dream of the day your children will be grown. You dream you are walking your daughter down the aisle at her wedding, beaming with pride. Your dream starts out normally, but then you see that your soon-to-be son-in-law is actually a chimpanzee. While our dreams can … [Read more...]
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