As the opportunity for international travel increases and becomes more affordable and corporations become more globalized, families have become more diversified both in terms of their country of origin and their composition. Spouses from different countries can retain their country-of-origin citizenship. Families may split time between two countries so children can learn and immerse themselves […]
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When a loved one dies, whether unexpectedly or anticipated, the shock and grief can be overwhelming and frequently immobilizing. Making phone calls and planning funerals take more effort than most people can muster in these difficult times. This post hopes to serve as a guide to help facilitate the process. This guide can complement the […]
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Mary and George have been married for the last 50 years. George has managed the financial affairs for the couple throughout their marriage. George has recently been in a serious auto accident that has left him incapacitated. Mary has an appointment scheduled with a new estate planning attorney as she wants his help going over […]
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As each new year rolls around, you might have traditions and tasks that you take care of to make the upcoming year easier and more productive for your family. Estate planning for your accounts and properties and their ownership should be included in these yearly plans, especially after the death of a loved one. How […]
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Mark and Jennifer own a four-bedroom home in a suburb of Chicago. They have three young children and have been married for ten years. Mark is a stay-at-home father who has a small online freelance business. Jennifer is the VP of a major insurance company. They own the property under joint tenancy with rights of […]
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Owning property as Joint Tenants with Right of Survivorship is easy, common, and often disastrous. Sadly, children – both minor and adult – are often disinherited. While there are several forms of joint ownership, the one most people use (and the one considered in this discussion) is called “Joint Ownership with Right of Survivorship.” When […]
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Imagine for a moment. Your Aunt Joanne is a multimillionaire businesswoman who lived in New York and ran two large corporations. She had several long-term relationships but never married. She never had children, though there is a rumor she adopted two young girls when she was in her thirties. Joanne has recently died. Joanne’s attorney […]
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Megan and Dan are interested in purchasing a timeshare in a condominium complex on their favorite beach. They have the opportunity to buy a two-week block of time that is fixed and a one-week block of floating time. This schedule works for them as they take a vacation at the same time each year. They […]
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Almost all would agree that 2020 was a year like no other. The lockdowns and the relentless barrage of news about COVID-19, the death rate, and problems with health care made even the most optimistic pause to consider their own mortality. Estate planners reported that an escalating number of new clients and clients they had […]
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Marta and Don have been married for almost thirty years. Marta was born in Canada and immigrated to the U.S. with her family when she was a teenager. She has maintained dual citizenship and owns property in both Canada and the U.S. Any U.S. citizen who has dual citizenship should be aware of the complex […]
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