5 Strategies to Keep Your Heirs From Blowing Their Inheritance

May 15, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning

5 Strategies to Keep Your Heirs From Blowing Their Inheritance Preserving the family money beyond a few generations isn't an easy task. From Kiplinger's Personal Finance, November 2015 From shirtsleeves to shirtsleeves in three generations, goes the early 20th-century American proverb. Then…

Requests for Estate Plans Reflect Fears about Coronavirus

April 28, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

Lawyers are being bombarded with requests to write wills, update estate plans and prepare health surrogate or "pull the plug" documents, as people are confronted by the realization that they could be diagnosed with COVID-19 and dead within days.

A Good Move to Make during the Pandemic

April 27, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Elder Law, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

The COVID-19 crisis isn't just costing Americans their freedom and jobs; it's also forcing millions to contemplate their own mortality.

Do I Need to Be Wealthy to Set Up a Trust?

April 22, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Elder Law, Estate Planning, Life Insurance, Power of Attorney, Probate and Estate/Trust Administration

If you've heard of trust funds but don't know what they are or how they work, you're not alone. Many people know just one key fact about trust funds: they're set up by the ultra-wealthy as a way to protect passing on significant sums of money to family, friends or entities (charities, for example) after they pass away.

C19 UPDATE: Confused About Coronavirus Relief for Small Businesses and Independent Contractors?

April 14, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning

Many small companies, nonprofits and freelancers are eligible for federal grants and low-interest loans. But confusion, delays and red tape abound.

How Do I Do the Most with My Inheritance?

April 8, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Elder Law, Estate Planning

You may have a friend, or two, who has blown a large inheritance. Some of you may have also seen a news story about a lottery winner who went bankrupt (or worse) just a few years after receiving a life-altering sum of money. If you don’t want this to be you, keep reading as we share five tips to make the most of an inheritance or windfall.

C19 UPDATE: IRS Postpones Gift and GST Tax Filing Deadline to July 15

April 7, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Elder Law, Estate Planning

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15, 2020, because of the novel coronavirus pandemic.

What Do Farmers Need to Create an Estate Plan?

April 6, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning

When you are a farmer, your business is not only your livelihood and your passion, but, often, it is also intermingled with your family life.

C19 UPDATE: CDC Updates Coronavirus Guidance for Businesses

C19 UPDATE: CDC Updates Coronavirus Guidance for Businesses As we learn more about the coronavirus the Centers for Disease Control (CDC) is updating the guidance they give to business owners and employers. They issued updates on Friday, March 21st to include Updated cleaning and disinfection guidance Updated best practices for conducting social distancing Updated strategies…

Estate Planning Is For Everyone

March 26, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning, Guardianship, Life Insurance, Power of Attorney, Probate and Estate/Trust Administration

The most common misconception estate planning attorneys hear, is that someone doesn’t need an estate plan because their client isn’t elderly or on death’s door.