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Category Archives: Estate Planning

Are You a Small Business Owner? What Would Happen to Your Business if You Could No Longer Be There?

By MendenFreiman LLP |

Preparing for your possible incapacity or death is vital to the survival of your small business. Without proper planning,  your business could  be disrupted,  harming your customers, employees, vendors, and ultimately, your family. For this reason, proactive financial planning, including creating business succession and estate plans, is key. Following are some helpful tips on… Read More »

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Three Legal Things to Do After a Scary Health Diagnosis

By MendenFreiman LLP |

A scary health diagnosis can be emotionally and logistically challenging. For instance, how do you take care of your family if you are physically incapacitated? In addition to working closely with your medical providers, consider these three legal tips: Check with your attorney to make sure your estate plan is up to date. Are… Read More »

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Estate Planning Projects to Tackle in the New Year

By MendenFreiman LLP |

As the end of the year approaches and you begin to look back on 2018, what changes need to be reflected in your estate plan? Were you married or divorced in the past year? Perhaps you have welcomed a new child or grandchild or experienced a change in your health. So much can change… Read More »

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Are No-contest Clauses a Good Idea?

By MendenFreiman LLP |

One of the primary objectives of any estate plan is to give clear direction to surviving family members on how the deceased wanted his or her property handled and distributed. An underlying purpose of planning ahead is to eliminate the need or motivation for disputes among survivors and to ensure the wishes of the… Read More »

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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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