Recent Posts in the Estate Planning Category

• Inheritance and Divorce

  Mar 7, 2022
  People contemplating or going through divorce frequently wonder which assets are subject to property division and which are not. For example, many individuals often question if an inheritance is divisible in a divorce. Inheritances Not Divided as Community Property in Divorce In most cases, inheritances are not subject to equitable distribution in a divorce since they are not considered community property. Rather, inheritances are considered separate properties, meaning an inheritance belongs to the person who received the ...
  Posted By McKinley Irvin
  Continue reading >>

• How a Divorce Can Impact Your 401(k) and Retirement Planning

  Oct 12, 2016
  Most people are aware that when a couple divorces, they must decide what to do with their home and divvy up the bank accounts and other assets accumulated throughout the marriage. But did you know that your 401(k), pensions, and other retirement accounts are considered assets that may also be subject to division? Below we have identified some common questions about what happens to these accounts during a divorce. How are 401(k) and IRA Accounts Split During a Divorce? Retirement accounts that include money that was earned ...
  Posted By McKinley Irvin
  Continue reading >>

• Medical Decisions & Divorce: Why Khloe Kardashian Was Legally Responsible for Lamar Odom

  Oct 27, 2015
  By Brent Bohan , Associate Entertainment headlines came fast and furious when former NBA and reality TV star, Lamar Odom, was found unconscious at a Nevada brothel. And while Odom and wife, Khloe Kardashian, both signed divorce papers in July, a judgement was never entered into court and their divorce never finalized. That meant Kardashian was still next of kin – and legally responsible for making his medical decisions even though they’d filed for divorce . How did that happen? In many cases, when a person is hospitalized or ...
  Posted By McKinley Irvin
  Continue reading >>

• Why Native Americans Families Should Re-Consider Professional Estate Planning Services

  May 14, 2013
  Having a well thought-out will or other estate planning instrument in place can provide peace of mind and financial benefits for any family. This is particularly true for Native American families. The complex history of the law governing ownership and distribution of tribally-owned land and property poses/creates unique risks and concerns when it comes to the disposition of land and property upon the death of a family member. Such issues are best addressed with careful and professional estate planning legal services . The ...
  Posted By Elizabeth A. Hoffman
  Continue reading >>

• Ins & Outs of a Will, Living Will & Trust

  Apr 15, 2013
  Estate planning is an important legal tool often put on the back burner because people are very busy with their day-to-day activities. Before putting off estate planning any further, it is important to consider the various estate planning options available - particularly three heavily used estate planning tools: (1) wills, (2) living wills, and (3) living trusts. As laws vary by state, it is always important to seek legal advice from local family attorney experienced in estate planning in your jurisdiction. Wills A will (or ...
  Posted By J. Blake Hilty
  Continue reading >>

• 9 Financial Tips for Baby Boomer Remarriages

  Jun 20, 2012
  As baby boomers venture into the retired life, many are not just calling it a day. Today’s retirees are looking at their retreat as a second chance to fulfill their happiness, and many are finding that in a new marriage. Tips to Make this New Marriage Work for You & Your Finances Because boomer nuptials come later in a well-established life and are typically not their first marriage, there are often more complicated financial issues on the table. Couples should consider the following baby boomer checklist and financial ...
  Posted By Jennifer Payseno
  Continue reading >>