Living will

Now that you are recently divorced, what should you do with your estate plan?

On the wedding day nobody expects to get divorced ever. We often think we will ride off into the sunset and live happily ever after. However, the sun rises the next day and problems occur. A day of problems turns into weeks of problems and then into years of problems. Your friends tell you there is a light at the end of the tunnel, and they are right; however, it is the headlight from an oncoming freight train called divorce.

What to do when your child returns to college after the holidays.

We are all worried about our children and especially what would happen to them if they got a severe case of Covid-19 and needed parental help while away at college.
When your child turned age 18, they became an adult in the eyes of the government.  And, although you may think they are still a kid, they have many rights that come with adulthood.

WHY “DO IT YOURSELF/FILL IN THE BLANK” WILLS & TRUSTS OFTEN RESULT IN DISASTER

WHY “DO IT YOURSELF/FILL IN THE BLANK” WILLS & TRUSTS OFTEN RESULT IN DISASTER Retaining the services and expertise of an attorney who can assist you in preparing a smart estate plan requires a serious investment of time and money. The benefits (however) far outweigh whatever the upfront costs may be. Having the assurance and peace of mind that you and your family will be legally and financially protected in taking on the challenges of the future is inestimable. However, these guarantees vanish immediately when one chooses to forgo retaining experienced legal advice and opting for the “do-it-yourself” approach to estate planning. Many unpleasant scenarios and real potential dangers await those who want to save a few dollars in the short-term; and whose loved ones will probably end up having to pay tens of thousands of dollars correcting their mistakes. Everyone is unique. No two families are the same. The slick advertising that online legal services utilize (especially with using formercelebrity attorneys to pitch their offerings) cannot deny this simple fact: virtual legal document preparers that promise cheap, fill in the blank options for estate planning will never replace the professional, confidential relationship between a lawyer and his/her client. When circumstances require urgent technical advice and counsel, these do-it-yourself websites are of no use to a distraught client. Their staff is prohibited from rendering any kind of practical legal guidance to consumers. If you are making a terrible mistake in your estate planning, they can’t prevent you from doing so (the   unauthorized practice of law is a criminal offense in all 50 states). In addition, these online services...

SOME COMMON MISUNDERSTANDINGS REGARDING LIVING TRUSTS

SOME COMMON MISUNDERSTANDINGS REGARDING LIVING TRUSTS: 1.  “They cost too much.”  A properly written and legally enforceable living trust typically has a higher initial price tag than what a will does. But, when you take into consideration the privacy, legally enforceable provisions that will protect your assets, and expeditiousness with regard to taking decisive action to safeguarding your interests, a living trust is a very worthwhile investment. In addition, living trusts address such contingencies as making arrangements to care for your (or your spouse) should you become incapacitated, the rights and duties of the acting trustee with protecting your real and personal property (if you’re unable to), and in carrying out your detailed instructions for the dispersal of your estate to your loved ones upon your death. Once more, living trusts are invaluable in that they can enable you to avoid both conservatorship court proceedings and probate altogether. 2.  “I’ll lose control of my assets!”  With you and/or your spouse acting as trustees of your own living trust, you have the unquestioned authority to do anything with your assets as you see fit. You can make purchases, open/close banks accounts, take extended vacations, appoint/remove designated trustees, and you can even dissolve your living trust at any time (as long as you can make your own decisions).  Plus, you alone control who (and at what time) will inherit from your estate. 3.  “Trusts are just for the ‘well-to-do.”  On the contrary, a living trust can provide protections for a wide range of estates.  Wealthy clients are able to avoid having to pay excessive income/estate taxes.  Families of modest means can...

Samuel B. Ledwitz Joins the The National Advocates Top 100 Lawyers

Samuel B. Ledwitz Joins the The National Advocates Top 100 Lawyers Link to Samuel’s Profile at The National Advocates The National Advocates: Top 100 Lawyers is an invitation-only national organization composed of America’s Premier Lawyers. Membership is extended solely to a select few of the most qualified attorneys from each state who exemplify superior qualifications of leadership, reputation, influence, stature and profile as lawyers practicing in designated aspects of the law. Members of The National Advocates are carefully screened prior to receiving an invitation for membership. The criteria used in the evaluation process include, but are not limited to, the following: Reputation among peers, the judiciary, and the public The previous year’s achievements in the practice area of specialty Board Certifications in area of specialty Nominations received from leading lawyers, current members and/or our executive committee members Leadership and membership within other national and state lawyer or specialty organizations Rankings and ratings of the attorney by established associations or organizations The National Advocates’ mission is to promote excellence in the legal profession through advocacy training, marketing, networking and education of lawyers....