Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. The Heckerling conference in Estate Planning is the country’s largest professional gathering in Estate Planning. The conference examines many areas of interest to Estate Planning and Elder Law professionals. It pays particular attention to items of current interest. Last year’s conference was in January 2020, shortly before the beginning of the COVID-19 pandemic. … [Read more...] about Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More
Why Should You Hire an Estate Planning Attorney to Prepare Your Estate Plan? (VIDEO)
In this Vlog, Attorney Maggie A. LaBranch-Gonzales discusses the importance and advantages of hiring an estate planning attorney to prepare your estate plan. … [Read more...] about Why Should You Hire an Estate Planning Attorney to Prepare Your Estate Plan? (VIDEO)
Why Do You Need an Estate Plan?
Estate planning is one of the core responsibilities of adulthood, but many people completely ignore the subject. The truth is, most of us don't want to think about death and that causes many people to put off estate planning until they are old and gray. We recommend a more proactive, systematic approach. If you put estate planning off indefinitely, you may never get around to it, and people die intestate every day. Plus, there are details that should be addressed to plan your estate in the … [Read more...] about Why Do You Need an Estate Plan?
Beneficiary Designations and the SECURE Act: Prior Designations
Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. Clients spend lots of time, money, and energy planning their estates. Estate Planning attorneys help them by counseling these clients and preparing various documents to meet the goals of the client, such as a Will or Trust. An increasing part of American wealth is governed by beneficiary designations. According to Statista, Americans had over $32 trillion in … [Read more...] about Beneficiary Designations and the SECURE Act: Prior Designations
Beneficiary Designations and the SECURE Act: Eligible Designated Beneficiaries
Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. Clients spend lots of time, money, and energy planning their estates. Estate Planning attorneys help them by counseling these clients and preparing various documents to meet the goals of the client, such as a Will or Trust. An increasing part of American wealth is governed by beneficiary designations. According to Statista, Americans had over $32 trillion in … [Read more...] about Beneficiary Designations and the SECURE Act: Eligible Designated Beneficiaries
Beneficiary Designations and the SECURE Act Basics
Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. Clients spend lots of time, money, and energy planning their estates. Estate Planning attorneys help them by counseling these clients and preparing various documents to meet the goals of the client, such as a Will or Trust. An increasing part of American wealth is governed by beneficiary designations. According to Statista, Americans had over $32 trillion in … [Read more...] about Beneficiary Designations and the SECURE Act Basics
You Need These Five Estate Planning Documents
A lot of people put estate planning on the back burner because it seems like an overwhelming task, and they don’t know where to begin. This is understandable to some extent, and in this post, we will look at five must-have documents to provide you with a starting point. Asset Transfers The first order of business will be to state your wishes with regard to the way you want your assets to be distributed after your passing. A will is a possibility, but this document is really not the right … [Read more...] about You Need These Five Estate Planning Documents
Joint Tenancy Problems in Estate Planning
Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. Sometimes people use Joint Tenancy as a simple way to do Estate Planning. This can have drawbacks, sometimes serious and unexpected. First, why is Joint Tenancy a simple way to do Estate Planning? At the death of a joint tenant, the property automatically transfers by operation of law to the remaining joint tenant(s). This can be attractive because it bypasses the … [Read more...] about Joint Tenancy Problems in Estate Planning
Updating Your Plan: Beneficiary Designations
Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. This is a bonus part of a series of articles on updating your plan. The first article examined the importance of updating your Powers of Attorney, both Financial and Medical. The second part of the series looked at the importance of updating your primary estate planning document, such as your Trust or Will. Together, these documents are the keystone in even the most … [Read more...] about Updating Your Plan: Beneficiary Designations
Updating Your Plan: Your Trust or Will
Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. This is the second in a two-part series of articles on updating your plan. This first article examined the importance of updating the Powers of Attorney, both Financial and Medical. This second part of the series looks at the importance of updating your primary estate planning document, such as your trust or will. Together, these documents form the core of even the … [Read more...] about Updating Your Plan: Your Trust or Will
