by Kathryn A. Flanigan | Nov 16, 2015 | Estate Administration
If there are two things that are constant in life, they are debt and taxes. And just like the old adage you cant take it with you (meaning the money you have), there may be questions about what happens to a persons debts after they pass away in the same way that...
by Kathryn A. Flanigan | Nov 5, 2015 | Will Execution
With as many posts as we have written regarding the validity of wills, we have not broached the topic of whether foreign wills are valid. This question is becoming more important as many people who become married in foreign countries come to the United States under...
by Kathryn A. Flanigan | Oct 27, 2015 | Inheritances
It is estimated that baby boomer parents in the United States will transfer more than $30 trillion to their children over the next 30 to 40 years. While the economy will have a lot to do with whether that number rises or falls, distributing it, especially if there are...
by Kathryn A. Flanigan | Oct 19, 2015 | Estate Administration
Being an executor of a persons estate is not simply an honorary distinction. Executors have the responsibility of ensuring that a persons assets are properly distributed, and they must answer questions about the estate; particularly to creditors. Because of these...
by Kathryn A. Flanigan | Oct 5, 2015 | Estate Planning
The goal that people have when creating an estate plan is to leave something for their heirs and beneficiaries. While this is a well-intentioned goal, it could have adverse and unintended consequences, even for those in financial need.People who receive supplemental...
by Kathryn A. Flanigan | Sep 29, 2015 | Estate Planning
The traditional method of wealth building, especially in the context of using IRAs is to establish an IRA. Most people are familiar with Roth IRAs, SEP IRAs and SIMPLE (i.e. incentive matching) IRAs that help in creating a nest egg for employees as they build towards...
by Kathryn A. Flanigan | Sep 22, 2015 | Estate Planning
If money was no object, what would you leave for your heirs and beneficiaries when you passed on? Of course, a large majority of us wouldnt even think about the answer to that question because we are not billionaires, and are therefore constrained by some sort of...
by Kathryn A. Flanigan | Sep 14, 2015 | Inheritances
When people develop estate plans, a common goal is to leave something for their heirs. After all, leaving a legacy becomes more important as people age. But while a large majority of people who put together estate plans intend to leave money to children or other...
by Kathryn A. Flanigan | Sep 8, 2015 | Estate Planning
For many people creating their estate plans, they primarily consider how to make sure that their legacies are passed to their heirs and organizations they have supported through their lives. However, the prospect of debt can derail the best intentions. Essentially,...
by Kathryn A. Flanigan | Sep 1, 2015 | Estate Planning
Our last few posts have focused on estate planning for young people. This is because many young adults are starting a new phase of their lives by going to college (or just graduating from college). Indeed, millennials do things differently than their elders, and...
