Estate Planning Meets Tax Planning

May 7, 2021
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

By being very selective about who receives which type of money—whether Traditional or Roth IRAs, after-tax brokerage accounts, life insurance, etc.—you can dramatically cut the share that goes to the IRS and increase the amount going to your family.

Estate Planning for the Digital Era

Estate Planning for the Digital Era As owning digital property becomes the norm, estate plans need to employ new strategies. FIDELITY VIEWPOINTS – 07/22/2020 Key takeaways Many people own digital assets: everything from domain names and electronically stored photos and…

About Asset Protection Plans

April 21, 2021
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning

About Asset Protection Plans BY JULIE GARBER REVIEWED BY EBONY J. HOWARD Updated March 18, 2021 With the economy slowly plugging along and credit remaining tight, asset protection is still a hot topic. So what is asset protection, and how can…

Benefits of Advanced Estate Planning

Benefits of Advanced Estate Planning Minimize taxes and protect your assets BY JULIE GARBER Updated November 20, 2019 Advanced estate planning—something more than a simple will or basic living trust—can be critical for people with valuable, taxable estates. It…

Is Your Financial Information in Order?

Is Your Financial Information in Order? Preparing and organizing your financial information for when you are no longer capable will bring peace of mind to you today and relieve your loved ones' burden in the future. It will ensure proper…

Should I Sell My Life Insurance Policy?

March 26, 2021
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Life Insurance, Long-Term Care Planning

When a life insurance policy is no longer wanted or needed, many policy owners either abandon their policy by not paying the required premium or surrender it back to the carrier. In either situation, the insurance carrier wins, and the policy owner is stuck holding the empty bag.

How Do You Plan for the Death of a Spouse?

March 24, 2021
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Life Insurance, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

Beneficiary designations, tying up loose ends, reporting last wishes—here’s what you can do now.

Can You Increase Your Social Security Benefits?

March 18, 2021
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Long-Term Care Planning

All you have to do is type ‘maximize Social Security’ into Google or any other search engine and you will get hundreds, if not thousands, of hits.

Can You Be Forced to Inherit a Timeshare?

Many timeshare contracts include a perpetuity clause, which means the contract and all its fees and obligations are yours for life. It may not end there.

When Does a Power of Attorney Fail to Do Its Job?

March 8, 2021
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Power of Attorney

Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf when you aren’t able to.