How you think about your retirement has a big impact on the way you approach succession planning. There are two common misconceptions that business owners might have about retirement, both of which can throw off the purposes of your business succession planning.  First of all, let go of any ideas that you have where you […]

It’s been said time and again that you should evaluate your documents and estate plans on an annual basis. Of course, this is good practice. You should keep these things in mind when scheduling your annual appointment with your estate planning attorney. Step 1: Review Your Life Insurance or Purchase It Does your life insurance […]

You may have personal and sentimental collectibles that you have cherished for a long time, but your family members may not feel the same way about this one. It’s all too common that an individual inherits a family member’s collection of items and feels unsure about what to do with these collectibles. Especially if your […]

Estate planning can be a complicated issue. It’s not something you should attempt without the help of a professional. There is more to it than drawing up a will. Today, I’d like to cover the five most common questions I receive regarding estate planning. The five most common questions Do I really need an estate […]

According to CNBC, the baby-boom generation and are approaching retirement has been a threat for decades. These days, however, it’s easy to see how the many individuals retiring on a daily basis is influencing our economy as a whole. Every month, more than 250,000 Americans reach age 65. Nearly 20% of this group reports that […]

Being a family business owner is often challenging and also rewarding. In this position, there are important questions you should answer about the future of your business. This is certainly true when it comes to passing on the business interests to the next generation with minimal tax impacts. A will, annual gifts, and trusts can […]

This month, Morton Elder Law is dedicating the blog to all-things related to Estate Planning and trusts. If your research regarding these topics is just beginning, we recommend that you check out the previous articles online: Estate & Asset Protection Planning, To Trust or not to Trust, and Benefits of a Beneficiary Controlled Trust. While […]

According to research from the American Institute of CPAs, clients are sharing concerns about retiring with enough money. This is, in fact, the leading concern that clients to their financial advisors. Secondary concerns included how much should be withdrawn from retirement accounts and the rising costs of healthcare, all of which play into critical issues […]

When you are getting married for the second or third time, there are important things you need to consider related to your estate planning. Since remarriage is only on the rise, prepare to avoid these common mistakes by working directly with an estate planning attorney.  Mistake #4: Not Updating the Will A remarriage is a […]

A second marriage can be a time of excitement and celebration, but there are also important planning steps you need to take to ensure that you’re moving into this new partnership successfully. What follows are some of the most common mistakes you can make with regard to a second or third marriage and your estate […]