1. 3 Vital Estate Planning Documents for High School Graduates

    With the arrival of summer, young people across the country are about to reach a key milestone: high school graduation. If you have a child claiming their diploma, now is the time to prepare them for life after leaving the nest. Graduating high school is a significant accomplishment. However, it comes with serious responsibilities that your child probably isn't thinking mu…Read More

  2. When It Comes to Inheritance, Treating Children Equally Not Always the Best Plan

    While most parents have the inclination to treat all their children equally when it comes to an inheritance, Family Wealth Lawyers know that this is not always the wise choice.  Here are some scenarios when an unequal distribution may be better: Children of unequal wealth – If you have one child that is a successful entrepreneur and another that is a social worker, you …Read More

  3. How to Protect Your Assets from a Child’s Divorce

    A child’s wedding day is one of the happiest occasions in life for most parents, especially when they approve wholeheartedly of that child’s choice of mate. Sometimes, however, the choice is not always welcomed, and parents become concerned about how to protect assets they plan to leave their children in case of a divorce. Fortunately, there are several estate planning…Read More

  4. 7 Reasons to Consider a Trust for Your Family

    Do you consider trusts to be instruments of the wealthy?  While it is true that many Americans of means have trusts to protect and pass their wealth, there are a number of reasons why trusts can also be useful for middle-class families. Here are 7 of them: Control distribution of assets. You wouldn’t hand over your car keys to a child who has had no proper preparation f…Read More

  5. How to Pass On Family Heirlooms Without Causing a Family Feud

    The holidays are traditionally the time for family gatherings, where generations come together and perform holiday rituals that have been passed down through the years.  Part of those rituals includes material possessions – a well-worn set of silver at the holiday table, grandmother’s china, or treasured tree ornaments from childhood. When we sit down to that holiday …Read More

  6. Larry King’s Death Highlights the Importance of Updating Your Estate Plan for Divorce and Death – Part 1

    Legendary TV and radio host, Larry King, died at Cedars-Sinai Medical Center in Los Angeles on January 23, 2021 at age 87. Larry was hospitalized in December due to COVID-19, but he’d recently been moved from the ICU to a regular hospital room after recovering from the virus. However, the famed broadcaster suffered from a number of other health conditions over the years,…Read More

  7. 5 Tips For Keeping Kids Connected With Grandparents During the Pandemic

    While the quarantines, shutdowns, and social distancing measures related to the pandemic have been difficult for everyone, the elderly have been particularly hard hit. Since seniors face the most health risks from COVID-19, most of them have been careful to avoid close contact with their family members, and this has left many grandparents unable to visit with their grandch…Read More

  8. Once Your Kids Are 18, Make Sure They Sign These Documents

    While estate planning is probably the last thing on your teenage kids' mind, when they turn 18 it should be their (and your) number-one priority. At 18, they become legal adults in the eyes of the law. You no longer have the authority to make decisions regarding their healthcare, nor will you have access to their financial accounts. With you no longer in charge, your young…Read More

  9. The Perfect Solution for Choosing Your Child’s Guardian

    If you have minor children and have not yet selected a guardian, you are not unlike many parents who put off this critically important task while waiting for the perfect solution to present itself.  Or perhaps you and your spouse/partner cannot agree on who would be the ideal guardian for your kids. Here is your solution:  Done is better than perfect. Especially here. If…Read More

  10. Who Would Care For Your Children If You Got Sick With COVID-19?

    Who Would Care For Your Children If You Got Sick With COVID-19? The pandemic is causing us to consider a lot of things that we may not have before, even if maybe we should have. A colleague of mine tells her personal story this way. One unremarkable weekend, she left her small children with a babysitter and headed out to enjoy dinner at a restaurant with her husband. But a…Read More

  11. Money and Kids

    Money Talk: How Much Will You Share With Your Kids (and When)? In many families, money still is not a typical dinner table discussion, but we think it should be. Surprisingly, this is especially true when it comes to affluent parents. And, we hope to change it because one of the most important things you can do is talk to your kids (and your parents) about money. According…Read More

  12. Planning for the Lifetime Care of Your Children

    Having A Will Simply Does Not Ensure the Care of Your Kids If the Unthinkable Happens! If you are a parent of children who are counting on you, your estate plan must begin with ensuring your children would always be taken care of by the people you want, in the way you want, no matter what happens. At Legacy Trust Counsel one of our areas of greatest expertise is in plannin…Read More