Cornelius Vanderbilt Created an Estate Plan, but Should I?

October 27, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Life Insurance, Power of Attorney, Probate and Estate/Trust Administration

Cornelius Vanderbilt was among the richest Americans ever to have lived. Born in 1794, he built his fortune on railroads and shipping. To put his wealth into context, in today’s dollars when adding inflation, his fortune would be worth $215.7 billion.

Why you should have a Financial Advisor help with your Estate Plan.

October 23, 2020
Bill O’Leary, Esq.
Asset Protection, Business Planning, Estate Planning, Life Insurance

Why you should have a Financial Advisor help with your Estate Plan. Why should you have a Financial Advisor help with your Estate Plan? Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is…

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.

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.

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.

What are Trustee Fees?

October 12, 2020
Bill O’Leary, Esq.
Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

When creating an estate plan, it may be necessary to name a trustee to handle your assets.

What Does Tenancy by the Entirety Mean in Estate Planning?

October 8, 2020
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Probate and Estate/Trust Administration

Tenancy by the entirety, commonly abbreviated as TBE, is an ownership structure for real estate that's used when the owners are a married couple. Under a TBE arrangement, each spouse owns an equal interest in the property, and the property will transfer seamlessly to the surviving spouse, in the event of one spouse's death.

Does an Ex-Wife Get Her Former Husband’s Inheritance Because He Died of COVID-19?

September 30, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

My big brother died of COVID-19 and he didn’t have a will. He divorced 20 years ago and has no children, but his ex is telling me she should get an inheritance. Who has the right to his money?

How Can I Help with My Grandchild’s College Tuition?

Part of estate planning includes helping with the ever-escalating costs of education for children and grandchildren.