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Home / Archives for Legal Education

Planning for Step-Children

August 21, 2019Estate Planning, Legal Education, Special Needs Planning

Children

If your spouse has biological children, you may consider them your own. But, if you haven’t adopted them, they have no inheritance rights. This article looks at how to plan for step-children.   Planning for Step-Children by Steve Hartnett <img class="wp-image-15483 alignleft" src="https://www.aaepa.com/wp-content/uploads/2019/07/Step-Children.jpg" alt="" width="145" height="145" />This is the first in a series focusing on planning for children. This first … [Read more...] about Planning for Step-Children

Many Reasons for Estate Planning

July 30, 2019Estate Planning, Legal Education

Reasons for Estate Planning

Everyone Will Die Whether or not we plan to do so, each of us will face death eventually. However, by planning, we can make our passing easier and better in many ways for those we leave behind. This is the first of a series on the ways we can ease the transition through planning. This first article focuses on privacy. The next article will focus on how you leave assets to your loved ones. Let’s look at two people who die in the same car accident. It’s a tragedy for both of them and their … [Read more...] about Many Reasons for Estate Planning

Beneficiary Designations, etc., Aren’t a True Substitute for a Trust

March 29, 2019Elder Law, Estate Planning, Estate Planning, Legal Education, LGBTQ Planning, Medicaid Planning, Probate, Veteran's Administration

Beneficiary and Related terms

TOD / POD, beneficiary designations, and joint tenancy can be simple ways to transfer assets at death. However, these simple methods lack some of the benefits of a trust. Read on to learn more. by Steve Hartnett 0 Comments TOD (Transfer on Death) designations, POD (Pay on Death) designations, and beneficiary designations can be useful in the right circumstances. Each of these tools allows for an automatic transfer to the named beneficiary at the death of the owner. But these tools … [Read more...] about Beneficiary Designations, etc., Aren’t a True Substitute for a Trust

Aretha Franklin Died Intestate: What Does It Mean for Her Family?

November 2, 2018Estate Planning, Legal Education

Aretha Franklin is the "Queen of Soul"

Aretha Franklin died intestate. Intestacy has definite drawbacks. Read on to see what this means for her family, financially and in other ways. Aretha was the Queen of Soul, but her lack of planning caused consequences she did not consider.  She was a singer, songwriter, civil rights activist, and so much more. Aretha was a great recording artist, with a career spanning many decades. She received honorary degrees from many prestigious universities, like NYU, Princeton, and Yale. She received … [Read more...] about Aretha Franklin Died Intestate: What Does It Mean for Her Family?

Basics of Estate Planning: Powers of Appointment: Part 2

October 4, 2018Estate Planning, Legal Education

Estate Planning; more than just taxes

Add flexibility to a trust by using power of appointment. This article will examine the different types of powers of appointment and how that can impact taxation. The last blog examined the basics of powers of appointment. This blog will examine how they can impact taxation. From a gift and estate tax perspective, there are two kinds of powers of appointment, a limited power of appointment (or “LPOA”), and a general power of appointment (or “GPOA”). They can cause dramatically different gift … [Read more...] about Basics of Estate Planning: Powers of Appointment: Part 2

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