by Kathryn A. Flanigan | Dec 18, 2012 | Uncategorized
An Equity Reduction Plan (ERP) is designed to protect business or real estate assets, and can be a highly effective form of asset protection for those who have significant real estate holdings or own their business or professional practice (doctors, attorneys, etc)....
by Kathryn A. Flanigan | Dec 17, 2012 | Uncategorized
The divorce rate is rising most rapidly among the 50+ age group in the U.S., and estate planning experts are advising boomers to look at tax and retirement consequences when creating a favorable settlement for both parties. Here are some tips:Create a financial plan...
by Kathryn A. Flanigan | Dec 17, 2012 | Uncategorized
When most people think about an estate, they envision vast expanses of land, a stately home and great wealth. However, in truth, just about everyone has an estate.Today, an estate is made up of everything a person owns, which includes personal possessions as well as a...
by Kathryn A. Flanigan | Dec 17, 2012 | Uncategorized
If you have been asked to be the executor of a family member or close friend’s estate after they die, you might agree without really knowing what the job entails. Many people have done so, to their lasting regret.Being the executor of an estate is a big...
by Kathryn A. Flanigan | Dec 17, 2012 | Uncategorized
Plan your transition. For some people, retirement is just as stressful as working. Experts advise planning your retirement time at least five years before you actually retire, but you can do it in less time if you are focused and can make the big decisions like where...
by Kathryn A. Flanigan | Dec 17, 2012 | Uncategorized
It is essential to create a contingency plan naming someone to make decisions for an elderly individual before illness or incapacity impairs their ability to create and understand legal documents.Under California law, a person must be mentally competent to create...
