Can an Inheritance Lead to Trouble for Marriages?

October 22, 2020
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Power of Attorney

Most states recognize inheritances as separate property, and many experts say keeping them separate is often the best approach.

What is a GRAT and Does Your Family Need One?

During this crazy 2020 tax year, in addition to being faced with all the issues surrounding Covid-19, as well as the roller coaster ride of the stock market, we are also currently in an environment where the interest rates are as low as they ever have been.

How Important Is Estate Planning in the Pandemic?

October 20, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

Planning for unfortunate events is particularly critical in the era of Covid-19.

How Does Guardianship Work?

October 19, 2020
Bill O’Leary, Esq.
Elder Care, Elder Law, Estate Planning, Guardianship, Probate and Estate/Trust Administration

As a result of illness, old age or incapacity, what may happen when you can no longer handle your own decision-making, handle your own money or make your own health care choices? Who can step in to help and how are they empowered?

Protecting Inheritance from the Taxman

October 17, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Life Insurance, Power of Attorney, Probate and Estate/Trust Administration

Received an inheritance of cash, investments, or property? Here are four ways that can help you keep it from being swallowed up by taxes.

Consider Funding a Trust with Life Insurance

Estate planning is all about ensuring that your wishes are met after your death. All estate plans should include a will and powers of attorney. However, in many cases, a trust has additional benefits beyond what can be accomplished with the will and powers of attorney.

Make Your Nest Egg Last When Retiring Early

October 15, 2020
Bill O’Leary, Esq.
Elder Care, Elder Law, Estate Planning, Long-Term Care Planning

Retiring ahead of schedule may seem like a dream, but it is doable with the proper planning. Depending on when you were born, the normal retirement age is currently 66 or 67. If you’re planning to retire five, 10, or even 15 years early, one of the most important things to consider is how to make your savings last for the long haul.

Mistakes New Parents Make with Money

September is the most common birth month of the year. It's also a good time for new parents to think about the financial side of their parental responsibilities.