Estate Planning Myths & Misconceptions – Myth #3 – An Estate Plan Is Not A Will

Most people think of "doing estate planning" as the act of creating and signing a will. While in some cases, a will is the best instrument, you can't get to that answer without engaging in a comprehensive process where the lawyer gets to learn about you and your family, your goals and desires, your values[...]

Estate Planning Myths & Misconceptions – Myth #2 – All Estate Plans Are The Same

In my first post, I talked a little about those attorneys who offer to do it all for you (real estate, commercial litigation, business representation), including your estate planning. Just as not all estate planning attorneys are the same, Myth #2 is that not all estate plans are the same. Despite what Suze Orman will[...]

Estate Planning Myths & Misconceptions – Myth #1 – All Estate Planning Lawyers Are The Same

The websites of general practice lawyers, as well as those of large, mega law firms, almost always include "Wills & Trusts" or "Wills & Estates" as practice areas. If you went by the sheer number of lawyers with this listing, you would probably conclude two things: First, almost everyone in a community has, or is[...]

The President Has An Estate Plan – How About You?

President Barack Obama has been making the rounds across the country to promote his health care initiatives. One of the places where President Obama showed up was an online forum sponsored by the AARP. In his response to a question about a proposed health care bill, President Obama said that he and First Lady Michelle[...]

Wall Street Journal Agrees With Me – Passing On Online Information Should Be Part of Your Estate Plan

Recently, I posted about the need to pass on your "on line" information as part of a comprehensive estate plan. My article examined the various companies that offered to guard that information for you. It seems like the Wall Street Journal reads my blog because they just published an article of their own on Sunday[...]

Michael Jackson’s Estate Plan – What He Did Right!

We've become all too used to folks in media twisting a story to suit a certain purpose. When Michael Jackson's will was revealed, the media was reporting that he left everything to his Family Trust and then speculating as to what that meant. Of course, no one doing the reporting is an estate planning attorney,[...]

More on Michael Jackson & Estate Planning

My friend Candice Aiston has posted a great article regarding the guardianship issues raised by Michael Jackson's early death. Here are the first two paragraphs and I urge you to visit her site and read the rest. Well-written and very informative: Like many people my age, I am a HUGE fan of "early" Michael Jackson. Loved[...]

Michael Jackson & Estate Planning – The Time is Now.

It's been less than 24 hours since Michael Jackson's death, and already there have been articles posted on the Internet about the singer's estate plan. MSNBC posted this article, concluding that the singer's estate would not be settled without controversy. I feel passionately enough about what I do for a living to take advantage of[...]

Top 4 Approaches To Estate Planning

In my experience, people choose 1 of 4 approaches regarding their estate planning. 1) Do Nothing. By far, this is the largest segment of the population. I often speak to local mom's groups (younger market) and service organizations (older market). These are workshops where there is just as much a chance that someone's done estate[...]

How To Pass On Your Online Information After Death

There was a recent article on CNN.com about services that promise to pass on your "online" life after death. The link to the story is here. Before I get to my take on the whole thing, I just want to comment how amusing I find the names of the companies. LegacyLocker, AssetLock (formerly YouDeparted.com), DeathSwitch,[...]