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Category Archives: Estate Planning

It is National Estate Planning Awareness Week

By MendenFreiman LLP |

Congress designated October 15-19, 2018, as National Estate Planning Awareness Week, an effort that started in 2008 to help educate the public about this often-overlooked aspect of financial security and end-of-life planning. Estate planning has the reputation of being useful only for the wealthy or those of retirement age, but estate plans offer numerous… Read More »

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‘E-S-T-A-T-E’: Take Care of Your ‘T’ and ‘E’

By MendenFreiman LLP |

Anyone who owns property, both real and personal, should plan for how these assets will be managed, controlled, and divided when they are no longer around. The more complex a person’s financial holdings, the more an estate plan is needed to ensure the distribution of assets is fair and follows the wishes of the… Read More »

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Have You Taken Advantage of the Tax Cuts and Jobs Act Planning Window?

By MendenFreiman LLP |

Important Estate Planning Tips You Should Act on Now Like all things, tax laws constantly change. Together, we need to respond quickly and strategically to the new developments in the tax law landscape. While you should not wait to review your estate plan in light of the passing of the Tax Cuts and Jobs… Read More »

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The Nuts and Bolts of Succession Planning

By MendenFreiman LLP |

Establishing and developing a business takes years of effort before most owners see any rewards; but once a company is on solid footing, nurturing its continued growth becomes a little easier. However, all that hard work can be quickly undone if there is no business succession plan in place.  A good business succession plan… Read More »

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Keeping the Peace After You Are Gone

By MendenFreiman LLP |

Planning With an Aim Toward Building Unity A will or trust contest can wreak havoc on families. The conflict can result in irreparable resentment and loss of familial communication. Old rivalries and disputes can resurface during the trying time that occurs after the death of a loved one, especially a parent.  Careful estate planning… Read More »

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Duties of an Estate Executor

By MendenFreiman LLP |

When loved ones pass away, dealing with their financial affairs is an imperative, but overwhelming, responsibility. Family members, particularly spouses and children, are commonly named as the preferred executor in the deceased’s will; but dealing with technical legal matters during a time of mourning makes many family members understandably uncomfortable.  Further complicating matters, some… Read More »

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Planning Your Summer Vacation? 5 Things to Consider Now

By MendenFreiman LLP |

In many states, winter is beginning to thaw, and flowers are beginning to bloom. This can only mean one thing: summer vacation planning season is here. As vacation planning kicks into high gear, here are a few important things to add to your vacation readiness checklist. Guardian Nomination If just you and your spouse… Read More »

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Understanding Managing Assets under a Power of Attorney

By MendenFreiman LLP |

Maintaining control of one’s money is a priority; it serves to signify being a functioning and independent adult. However, accidents, injuries or simply decline due to age can all inhibit or eliminate one’s ability to makes these decisions reasonably and in a timely manner. Both young and old can benefit by having an estate… Read More »

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Estate Planning Considerations for Second Marriages/Blended Families

By MendenFreiman LLP |

There are a number of considerations when creating an estate plan, and the final arrangement invariably involves some amount of compromise. Even the most carefully created estate plan will need adjustments as life changes and alters the meaning or intent of the original plan. Some life changes create a huge shift in priorities and… Read More »

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Estate Planning and Asset Protection

By MendenFreiman LLP |

Creating a nest egg large enough to provide financial security to future generations is a great accomplishment. However, determining how to protect these assets from creditors and other third parties (so loved ones actually receive the benefit of this hard work) takes advance planning and working with knowledgeable asset protection attorneys. Drafting a simple… Read More »

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