tommyle

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So far tommyle has created 17 blog entries.

Estate Planning for Unmarried Couples Living Together

 
 

Whether one condone or condemn it, the trend of couples living together without being legally married (cohabitation) is continuing to increase in today’s society. With more couples holding off on marriage for whatever the reason may be (i.e. personal preference, financial, testing the relationship, etc.), cohabitation is the norm in the U.S. today.

Unfortunately, the law […]

2017-01-24T14:22:00+00:00 January 24th, 2017|Estate, Estate Planning|0 Comments

Quick Guide on the Impacts of Trump’s Presidency on Estate Planning

 
 

With Inauguration Day right around the corner, here’s what you need to know about planning your estate under the incoming Trump administration and Republican-controlled Congress.

President Trump’s tax plan

A new president usually means major shakeups in fiscal and tax policy, and Trump’s tax plan is no exception. Here are several of the proposed changes we will […]

2017-01-16T13:28:17+00:00 January 16th, 2017|Business Planning, Estate, Estate Planning, Tax Planning|0 Comments

Trust Is The Best Option for Avoiding Probate

 
 

There are many tools that a qualified attorney can use to keep your assets out of probate – for example, establishing joint ownership on bank accounts and real estate titles, designating beneficiaries for life insurance policies and certain accounts, and so on. However, setting up a revocable living trust is quite often the best, most […]

2017-01-10T15:08:32+00:00 January 10th, 2017|Estate, Estate Planning, Probate, Uncategorized|0 Comments

Probate: The Pros and Cons

 
 

The word “probate” often comes with a negative connotation. However, the probate system was established to protect the property of the deceased and his/her heirs. In certain cases, the probate system may even work to an advantage. Below are the pros and cons of going through probate.

The Pros

For some estates, especially those in […]

2016-12-13T18:44:31+00:00 December 13th, 2016|Estate, Estate Planning, Probate|0 Comments

What Do I Need To Do After a Loved One Dies?

 
 

The death of a loved one is a sensitive topic. However, I hope to share some information that could help others through this tough, emotional time. If you have been appointed an executor of a loved one’s estate, or a successor trustee, and that person dies, your grief – not to mention your […]

2016-12-06T17:08:04+00:00 December 6th, 2016|Estate|0 Comments

Wills vs. Trusts: A Simple Reference Guide

 
 

When it comes to estate planning, are you confused about the differences between wills and trusts? If so, you are not alone. While it is always recommended to contact experts like us, it is also important for you to understand the basics. Here is a quick and simple reference guide:

What Revocable Living Trusts Can Do […]

2016-11-29T15:34:52+00:00 November 29th, 2016|Estate Planning|0 Comments